Africa CEO Voices News - MidWeek 13

• BasiGo secures US$3m equity fund from CFAO Group

KENYA – Electric bus manufacturer BasiGo has secured US$3 million worth of equity funding from CFAO Group (CFAO) to accelerate the manufacturing and delivery of electric buses in Kenya and Rwanda.?.?.?MORE

• MTN Group offloads its West African unit to Telecel

AFRICA – MTN Group has accepted an offer from Telecel to sell its units in Guinea-Bissau and Guinea-Conarky, as part of its portfolio optimisation strategy?.?.?.?MORE

• Actis acquires telecom tower portfolio Swiftnet for US$355m

SOUTH AFRICA – Investment firm Actis has agreed to acquire a 100% stake in Swiftnet, a leading telecom tower portfolio in South Africa, from Telkom for around US$355 million.?.?.??MORE

• Africa Finance Corporation raises US$1.16b syndicated loan?

AFRICA – Africa Finance Corporation (AFC) has announced the successful closure of its largest ever debt facility, a US$1.16 billion syndicated loan to advance critical infrastructure projects across Africa.?.?.??MORE

• Kenmare Resources secures funding package?

MOZAMBIQUE – Kenmare Resources plc has secured a funding package from Rand Merchant Bank (RMB) to refinance a maturing revolving credit facility and a five-year term loan facility. .?.?MORE

• HAVAíC has invested US$633 thousand in Right Now Response (RNR)

SOUTH AFRICA – Venture capital firm HAVAíC has announced a significant US$633,854 follow-on investment in Right Now Response (RNR) to revolutionize fleet management across Southern Africa.?.?.MORE

• AIIM-led consortium set to acquire Octotel from Actis

SOUTH AFRICA – A consortium led by African Infrastructure Investment Managers (AIIM) has announced it has signed an agreement to acquire fibre network operator Octotel?. . .?MORE

• 30Med secures pre-seed funding to expand its platform

EGYPT – Healthtech startup 30Med has received an undisclosed sum in pre-seed funding from private angel investors to further develop its platform and expand its reach.?.?. ?MORE

• Bolt launches accelerator program for sustainable transport

KENYA – ?Ride-hailing platform Bolt set to invest US$21,637 seed fund to support business plans developed by Bolt drivers and couriers or their family members that link to sustainable transport?. . .?MORE

• Godfrey Sebaana appointed as CEO of DTB Uganda

UGANDA — The Board of Directors of Diamond Trust Bank Uganda Limited (DTBU) has appointed Godfrey Sebaana as its new Chief Executive Officer and Managing Director effective April 2nd, 2024.?. .??MORE