PE firm 1K1V acquires minority stake in tech company Digital Ecosystems

SOUTH AFRICA – One Thousand & One Voices (1K1V), a private equity firm that invests in sub-Saharan Africa with an exclusive limited partners (LP) base of leading family offices, has announced a R200 million (US$13.5 million) investment in a minority stake in Digital Ecosystems (DigiCo), a market-leading investment holding company that provides integrated technology services to the telecommunications sector, as well as various SaaS platforms. This investment marks 1K1V’s second investment in the technology space this year and the third technology investment in its portfolio. DigiCo operates at the forefront…

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Sustainable Power Solutions gets US$40m from Gridworks to expand clean energy supply

SOUTH AFRICA – Distributed renewable energy company Sustainable Power Solutions (SPS) is receiving US$40 million from Gridworks Development Partners and New GX to expand the supply of clean energy to commercial and industrial (C&I) customers in sub-Saharan Africa. Gridworks Development Partners, an investment company of CDC Group, a company, which specializes in the financing of electricity networks, is contributing US$22 million to SPS’ capital while the remaining funds are being provided by New GX, a wholly black-owned and managed investment holding company in South Africa. These equity investments will enable…

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Car part manufacturer Clayens NP expands its plant in Mohammedia by approximately 70%

MOROCCO – Clayens NP Morocco, Car parts manufacturer, expanded the surface area of its manufacturing plant in Mohammedia by approximately 70%. The Moroccan manufacturing plant, with a reported US$8.1 million (MAD 73 million) investment, expanded its surface area by additional 5,300 square meters, nearly doubling the original size of the plant. The investment will create 100 new jobs, as well as generate an additional turnover of US$14.2 million (MAD 128.4 million) for the company. Specialized in the production of precision metal parts for the automotive, electrical and electronic sectors, Clayens…

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