Logistic startup Kamtar secures equity investment from Sendy and Toyota

WEST AFRICA – Kamtar, a Francophone logistics platform, has secured an equity investment form Kenyan tech-logistics startup Sendy and Toyota Tsusho Corporation Other investors in the round include Mobility 54 Investment SAS and CFAO’s corporate venture capital arm. Kamtar currently operates in Cote d’Ivoire and Senegal, and targets to expand to other French-speaking West African countries by the end of 2022. The strategic investment will enable Sendy to expand its footprint beyond its current operations in Eastern Africa. Kamtar is a digital logistics startup with 5,000 drivers on its network…

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Dorman Long Engineering secures equity investment from Capitalworks

NIGERIA – Capitalworks (ACW), a Sub-Saharan Africa-focused private equity company, has announced a significant equity investment in Dorman Long Engineering Limited (DLE) of Nigeria, an indigenous and market leading company, providing high value engineering services, fabrication, asset management and galvanising services in the oil and gas sector. The investment, which was signed in Lagos, was witnessed by top executives from Nigerian Content Development Management Board (NCDMB) and the Assets Management Corporation of Nigeria (AMCON). Dorman Long which has been under the supervision of AMCON in recent years, operates three manufacturing…

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Infrastructure credit guarantee InfraCredit secures US$27m equity investment from InfraCo Africa

NIGERIA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has completed an approximately US$27m equity investment into InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos, Nigeria. InfraCo Africa’s equity investment, made through its dedicated investment vehicle, makes InfraCo Africa an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation. Gilles Vaes, CEO of InfraCo Africa, and Claire Jarratt, CIO of InfraCo Africa, will join InfraCredit’s Board of Directors. “Our equity investment in InfraCredit marks the first major transaction of…

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