> ## Content Index > Fetch the complete content index at: https://www.africainvestorreview.com/llms.txt > Use this file to discover other available public pages before exploring further. # Review of Week of 05 October 2026 - URL: https://www.africainvestorreview.com/review-of-week-of-05-october-2026/ - Published: 2026-10-11T17:14:00.000Z - Updated: 2026-10-11T18:16:10.000Z - Description: This week’s briefing features Sanlam’s $1.2B privatization offer for Santam, Infinite Partners’ $170M fund close, Shelter Afrique’s $100M sustainable bond issuance, and strategic growth transactions across M-KOPA, East Africa Foods, and Andersen. - Author: Charles S. - Tags: Features Across this week’s featured transactions, African private markets witnessed substantial capital deployment driven by mega-scale corporate restructurings, multi-billion-dollar buyouts, and institutional private equity fundraising. Activity was headlined by [Sanlam](https://www.linkedin.com/company/sanlam/?ref=africainvestorreview.com)’s $1.2B privatization offer for [Santam Insurance](https://www.linkedin.com/company/santam/?ref=africainvestorreview.com) and [Infinite Partners](https://www.linkedin.com/company/infinitepartners/?ref=africainvestorreview.com)’ oversubscribed $170M Fund II close, alongside cross-border financial services consolidations such as [Andersen](https://www.linkedin.com/company/andersenus/?ref=africainvestorreview.com)’s acquisition of [Merchantec Capital](https://www.linkedin.com/company/merchantec-capital/?ref=africainvestorreview.com)and [AfricInvest Group](https://www.linkedin.com/company/africinvestgrp/?ref=africainvestorreview.com)’s backing of Vantage Payment Systems. Meanwhile, real estate, telecom infrastructure, and agritech continued to command major debt and equity flows, illustrated by [Shelter Afrique Development Bank](https://www.linkedin.com/company/shelter-afrique/?ref=africainvestorreview.com)’s $100M sustainable bond and [Absa Group](https://www.linkedin.com/company/absa/?ref=africainvestorreview.com)’s $30M debt facility for [Ilitha Telecommunications](https://www.linkedin.com/company/ilitha-telecommunications/?ref=africainvestorreview.com), while strategic exits like [RMB - Rand Merchant Bank](https://www.linkedin.com/company/rmbcib/?ref=africainvestorreview.com) Ventures’ acquisition of [MoreCorp](https://www.linkedin.com/company/morecorp/?ref=africainvestorreview.com) underscored long-term liquidity across South African middle-market buyouts. ### 01\. Sanlam Launches $1.2B Minority Buyout to Privatize Santam South African financial services giant [Sanlam](https://www.linkedin.com/company/sanlam/?ref=africainvestorreview.com) has initiated a offer to acquire the remaining minority shares in listed short-term insurer [Santam Insurance](https://www.linkedin.com/company/santam/?ref=africainvestorreview.com) in a deal valuing the transaction at $1.2 billion. The privatization move aims to streamline Sanlam’s non-life insurance operations, consolidate balance sheet capital, and deepen its market penetration across Pan-African insurance markets. Target: [Santam Insurance](https://www.linkedin.com/company/santam/?ref=africainvestorreview.com) Amount: $1.2 Billion Implied Deal Value Type: Take-Private / Minority Buyout Acquirer / Investors: [Sanlam](https://www.linkedin.com/company/sanlam/?ref=africainvestorreview.com) Sector: Insurance & Financial Services Country / Region: South Africa / Southern Africa ### 02\. Infinite Partners Closes Fund II Over-Subscribed at $170M Mid-market private equity manager Infinite Partners successfully completed the final close of its second private equity fund at $170 million, surpassing its initial target. The vehicle will target growth capital deployments, control buyouts, and buy-and-build strategies across sub-Saharan African enterprise services, healthcare, and industrial technology. Target: [Infinite Partners](https://www.linkedin.com/company/infinitepartners/?ref=africainvestorreview.com) Amount: $170 Million Type: Private Equity Fund Close Acquirer / Investors: Institutional LPs & DFI Syndicate Sector: Private Equity / Multi-Sector Country / Region: Sub-Saharan Africa ### 03\. Shelter Afrique Issues $100M Sustainable Housing Bond Pan-African housing finance institution [Shelter Afrique Development Bank](https://www.linkedin.com/company/shelter-afrique/?ref=africainvestorreview.com) issued a $100 million sustainable bond to finance affordable housing and urban infrastructure projects across West Africa. The multi-currency issuance expands local currency housing debt capital markets and aligns with green construction and municipal development mandates. Target: Shelter Afrique Housing Program Amount: $100 Million Type: Sustainable Bond Issuance Acquirer / Investors: Institutional Debt Investors & Pension Funds Sector: Sustainable Real Estate & Infrastructure Country / Region: West Africa ### 04\. East Africa Foods Raises $40M to Expand Regional Supply Chain Tanzanian agritech platform East Africa Foods ([EA Foods](https://www.linkedin.com/company/east-africa-foods/?ref=africainvestorreview.com)) secured $40 million in combined equity and debt financing to scale its fresh-produce distribution network and cold-chain storage footprint. The capital will fuel regional expansion into neighboring East African markets, optimizing farm-to-retail B2B supply chains and reducing food waste. Target: East Africa Foods [EA Foods](https://www.linkedin.com/company/east-africa-foods/?ref=africainvestorreview.com) Amount: $40 Million Type: Corporate Growth Capital (Equity & Debt) Acquirer / Investors: Commercial Debt Lenders & Agribusiness VCs Sector: Agritech & Logistics Infrastructure Country / Region: Tanzania / East Africa ### 05\. Beltone and Amtar Launch $38.2M Fractional Real Estate Fund Egyptian investment bank [Beltone](https://www.linkedin.com/company/beltoneholding/?ref=africainvestorreview.com) partnered with proptech platform [Amtaar](https://www.linkedin.com/company/amtaar/?ref=africainvestorreview.com) to launch a EGP 1.87 billion ($38.2 million) fractional real estate investment fund. The product enables retail and institutional investors to acquire fractional ownership tokens in high-yield commercial and residential property assets across Greater Cairo. Target: Beltone-Amtar Fractional Real Estate Fund Amount: $38.2 Million (EGP 1.87 Billion) Type: Structured Real Estate Fund Launch Acquirer / Investors: [Beltone](https://www.linkedin.com/company/beltoneholding/?ref=africainvestorreview.com) & [Amtaar](https://www.linkedin.com/company/amtaar/?ref=africainvestorreview.com) Sector: Real Estate & Asset Management Country / Region: Egypt / North Africa ### 06\. Telecom Ilitha Secures $30M Debt Facility From Absa South African fiber infrastructure operator [Ilitha Telecommunications](https://www.linkedin.com/company/ilitha-telecommunications/?ref=africainvestorreview.com) secured a R530 million ($30 million) senior debt facility from [Absa Corporate and Investment Banking](https://www.linkedin.com/showcase/absa-cib/?ref=africainvestorreview.com). The funding will accelerate the rollout of affordable, high-speed fiber-to-the-home (FTTH) broadband connections across underserved township communities in South Africa. Target: Ilitha Telecommunications Amount: $30 Million (R530 Million) Type: Senior Debt Facility Acquirer / Investors: [Absa Corporate and Investment Banking](https://www.linkedin.com/showcase/absa-cib/?ref=africainvestorreview.com) Sector: Digital Infrastructure & Telecoms Country / Region: South Africa / Southern Africa ### 07\. Maliasili Secures $15M Grant from MacKenzie Scott Conservation-focused funding intermediary [Maliasili](https://www.linkedin.com/company/maliasili/?ref=africainvestorreview.com) received a $15 million unrestricted grant from philanthropist MacKenzie Scott. The non-dilutive capital injection will expand Maliasili’s community conservation fund, backing local environmental organizations and sustainable land management initiatives across Eastern and Southern Africa. Target: [Maliasili](https://www.linkedin.com/company/maliasili/?ref=africainvestorreview.com) Community Conservation Fund Amount: $15 Million Type: Unrestricted Grant Funding Acquirer / Investors: MacKenzie Scott (Yield Giving) Sector: Environmental Conservation & Impact Country / Region: Regional Africa ### 08\. Andersen Acquires South African Investment Bank Merchantec NYSE-listed professional services firm [Andersen](https://www.linkedin.com/company/andersenus/?ref=africainvestorreview.com) acquired South African corporate finance and investment advisory boutique [Merchantec Capital](https://www.linkedin.com/company/merchantec-capital/?ref=africainvestorreview.com). The acquisition expands Andersen’s transaction advisory, valuation, and sponsor services capabilities across Southern Africa’s public and private equity markets. Target: [Merchantec Capital](https://www.linkedin.com/company/merchantec-capital/?ref=africainvestorreview.com) Amount: Undisclosed Type: Cross-Border Corporate M&A Acquirer / Investors: [Andersen](https://www.linkedin.com/company/andersenus/?ref=africainvestorreview.com) Sector: Corporate Finance & M&A Advisory Country / Region: South Africa / Southern Africa ### 09\. M-KOPA Acquires Finnish Phone-Locking Firm KilpiTek for $8M Asset-finance fintech [M-KOPA](https://www.linkedin.com/company/m-kopa/?ref=africainvestorreview.com) acquired Finnish smart-device security developer [KilpiTek](https://www.linkedin.com/company/kilpitek/?ref=africainvestorreview.com) for $8 million in cash and equity. The strategic cross-border tech acquisition secures full intellectual property control over [M-KOPA](https://www.linkedin.com/company/m-kopa/?ref=africainvestorreview.com)’s core phone-locking technology, driving down hardware unit economics across its African smartphone financing operations. Target: [KilpiTek](https://www.linkedin.com/company/kilpitek/?ref=africainvestorreview.com) Amount: $8 Million Type: Strategic Technology M&A Acquirer / Investors: [M-KOPA](https://www.linkedin.com/company/m-kopa/?ref=africainvestorreview.com) Sector: Fintech & Enterprise Software Country / Region: Kenya / Finland ### 10\. RMB Ventures Acquires MoreCorp as Old Mutual PE Exits South African private equity firm [RMB - Rand Merchant Bank](https://www.linkedin.com/company/rmbcib/?ref=africainvestorreview.com) Ventures acquired a controlling interest in leisure and sporting goods retailer [MoreCorp](https://www.linkedin.com/company/morecorp/?ref=africainvestorreview.com). The buyout facilitates a complete exit for [Old Mutual Alternative Investments](https://www.linkedin.com/company/old-mutual-alternative-investments/?ref=africainvestorreview.com) following a ten-year holding period, positioning [MoreCorp](https://www.linkedin.com/company/morecorp/?ref=africainvestorreview.com) for its next phase of retail distribution expansion. Target: MoreCorp Amount: Undisclosed Type: Institutional LBO / Sponsor Buyout Acquirer / Investors: [RMB - Rand Merchant Bank](https://www.linkedin.com/company/rmbcib/?ref=africainvestorreview.com) Ventures (Seller: [Old Mutual Alternative Investments](https://www.linkedin.com/company/old-mutual-alternative-investments/?ref=africainvestorreview.com)) Sector: Retail & Consumer Goods Country / Region: South Africa / Southern Africa --- ### The Intelligence Engine for African Private Capital Access complete transaction breakdowns, fund strategy updates, and market commentary directly on our platform. [Become a member](#/portal/signup)