Tag: IFC
US player backs $50m deal as losses narrow
A US-based investor has backed an Africa-focused e-commerce technology company in a $50m deal. The deal has closed as Jumia’s adjusted EBITDA loss narrowed...
SoftBank portco attracts $378m
A SoftBank portfolio company has attracted $378 million worth of capital for its Ethiopia-based renewable energy generation producer.
International Finance Corporation (IFC) and African Development...
US player in Sheraton Africa deal
A US investor is mulling over plans to back an investment into a consumer hospitality services company that operates hotels in Ethiopia.
The company is...
US player in $40m Angolan family deal
A US-based player is backing an Angola-based agriculture and food production company owned by an Angolan family, investing $40 million in the company.
The International...
Sony Ventures backs Nigeria deal
Sony Ventures Corporation has sealed a deal to back a Nigeria-based technology company focused on the creative space.
The investor is injecting an undisclosed amount...
US player in Sudanese family deal
A US-based player is backing an Africa-focused agriculture production diversified holding company that is owned by a Sudanese family – structured as a debt...