M&A
Bannerman Energy Completes $457 Million Strategic Financing with CNOL to Fund Etango Uranium Project
Australian uranium developer Bannerman Energy secures $456.8 million from CNNC Overseas to fund debt-free construction of the Etango project in Namibia, establishing an incorporated joint venture alongside the One Economy Foundation.
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Ardova-Led Consortium Enters Agreement to Acquire 100% of Powergas, Africa’s Largest CNG Virtual Pipeline Distributor
Nigerian energy major Ardova Plc spearheads a consortium alongside Diadem Energy to acquire Powergas from A.P. Moller Capital, integrating extensive compression infrastructure to scale retail compressed natural gas (CNG) nationwide.
Bannerman Energy Completes $457 Million Strategic Financing with CNOL to Fund Etango Uranium Project
Australian uranium developer Bannerman Energy secures $456.8 million from CNNC Overseas to fund debt-free construction of the Etango project in Namibia, establishing an incorporated joint venture alongside the One Economy Foundation.
Exergy and Mercuria Seal $250 Million Financing Deal to Accelerate Power Infrastructure Across Southern and Eastern Africa
Africa-focused energy investor Exergy and global commodities group Mercuria ink a landmark $250 million financing agreement in Lusaka, marking one of the largest private capital commitments to Zambia's electricity sector.
Former Gold Fields CEO Chris Griffith Co-Leads New $1 Billion Private Equity Fund Targeting African Critical Minerals
Mining veteran Chris Griffith teams up with prominent dealmakers Sam Jonah and Colin Coleman to launch a $1.0 billion private equity initiative focused on securing critical mineral supply chains across Africa.
Acumen’s H2R Catalyze Initiative Invests $5 Million in Sun King’s Zambia Subsidiary to Accelerate Rural Electrification
Global impact investor Acumen deploys a $5 million equity investment into Sun King’s Zambian subsidiary via its Hardest-to-Reach initiative, aiming to electrify 5.6 million people and crowd in local currency financing.
Kenyan Solar Irrigation Pioneer SunCulture Closes $10 Million Receivables Securitization Led by Mirova Gigaton Fund
Nairobi-based agritech and solar irrigation leader SunCulture closes a landmark $10 million senior secured securitization of customer receivables, structured by Kaleidofin to mobilize institutional climate-smart agriculture capital.
Egyptian-Founded Payments Technology Pioneer Zeal Secures $10 Million to Scale Global Terminal Infrastructure
London-based and Egypt-founded fintech startup Zeal closes a $10 million funding round, bringing total capital raised to $14 million to fuel the international rollout of its payment-linked loyalty and merchant intelligence software across more than four million card terminals.
Kenyan Supermarket Chain Quickmart Prepares for Landmark 57.5% Stake Sale via Nairobi Securities Exchange
Leading East African retailer Quickmart targets a major public float, as private equity backer Adenia Partners and founding shareholders weigh a secondary divestment of up to a 57.5% equity interest on the Nairobi Securities Exchange.
3IF Ventures Makes Landmark Debut Investment with Strategic Backing of Embedded Insurance Platform Turaco
Dedicated impact investor 3IF Ventures announces Turaco as its inaugural portfolio company, deploying capital to scale microinsurance penetration and address structural coverage gaps across emerging markets.
African Payments Giant Flutterwave Promotes Morounke Olufemi to Global Chief Financial Officer
Pan-African fintech leader Flutterwave elevates Morounke Olufemi to Global CFO, succeeding Mitesh Popat as the company doubles down on capital discipline, multi-currency liquidity, and stablecoin-backed cross-border settlement.
EFG Holding Secures $40 Million Term Loan from EBRD to Scale Egyptian MSME Financing
Financial services group EFG Holding executes a landmark $40 million, four-year facility with the European Bank for Reconstruction and Development to expand economic development lending for small and medium-sized enterprises in Egypt.