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Who's doing what in the African M&A and debt financing space?

Published 7 hours ago3 minute read

Nigerian on-demand delivery platform, , has acquired , a point-of-sale platform specifically built for the food and hospitality industry in Africa. Terms of the deal were not disclosed.

and together with four impact-oriented financiers, have partnered to develop the Ilute Solar Project located in Zambia’s Sesheke District in Western Province. Led by FMO – the Dutch Entrepreneurial Development Bank – with a US$26,5 million package, the project brings together a mix of funding from FMO, the Sustainable Energy Fund for Africa (SEFA) managed by the African Development Bank (AfDB), Triodos Investment Management and EDFI Management Company, through the EU funded Electrification Financing Initiative – Electrifi. The blended finance model weaves together commercial, development, and concessional capital to mitigate investment risks, unlocking a new way of financing renewable energy in Africa.

In May 2022, Amazon entered into an Option Agreement with EFG Holding, acquiring US$10 million of EFG Holding GDRs, with the option to convert the GDRs into a direct stake in (U Consumer Finance S.A.E), equivalent to 4.255% of its share capital, upon a qualified liquidity event. Amazon has exercised the option, based on the terms and conditions of the Agreement, which will result in Amazon owning approximately 3.95% of Valu, which listed on the Egyptian Stock Exchange on 21 May 2025.

Desert Gold Ventures has entered into an option agreement with to acquire a 90% interest in the in Côte d’Ivoire. Desert Gold will pay Flower a total of US$450,000 over the term of the agreement plus issue 1,500,000 common shares in three equal instalments.

The European Union-funded AgriFI facility, managed by EDFI Management Company, is investing c.€2,2 million (US$2,5 million) in , a Ghanaian agritech company working to improve market access and productivity for smallholder farmers. The financing will contribute to the construction of six new fulfilment centres – hubs for aggregation, quality control, and logistics – with a focus on the country’s northern regions.

, a Nigerian e-commerce startup has secured an undisclosed round of funding from Rebel Seed Capital. Shoptreo equips local artisans with digital storefronts, integrated logistics, payments and inventory tools to efficiently meet global demand.

The has become the latest sovereign shareholder in (AFC) with a US$184,8 million equity investment in the infrastructure solutions provider. Angola now becomes the second Lusophone African nation, after Cape Verde, to join the growing list of equity investors in AFC.

Egyptian logistics startup, has raised an additional US$600,000 in a seed extension round led by Ingressive Capital. This follows $1,7 million raised in December 2024.

Following the 2024 disposal by Air Liquide of 12 subsidiaries across Africa [Benin, Burkina Faso, Cameroon, Congo, Ivory Coast, Gabon, Ghana, Madagascar, Mali, Democratic Republic of Congo, Senegal and Togo]to Adenia IV, has disposed of its to , a Nigerian family trust founded and managed by Gbotemi Kuti.

has officially listed on the Ethiopian Stock Exchange (ESX). The bank’s prospectus was approved by the Ethiopian Capital Markets Authority on 17 June 2025, and the shares were listed on 23 June. Gadaa becomes the second bank to list on the ESX.

Nigerian diversified financial services group, , has acquired a majority stake in local fintech startup, for an undisclosed sum.

has announced its successful exit from , a pan-African banking group headquartered in Côte d’Ivoire. AfricInvest first invested in the group in October 2022.

BURN, a Kenyan clean cookstove manufacturer and carbon project developer, has signed an agreement with the Trade and Development Bank Group to scale access to clean cooking in Mozambique, the DRC and Zambia.

DealMakers AFRICA is the continent’s quarterly M&A publication
www.dealmakersafrica.com

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