Over the past year, five notable investments in African banking and financial services include:
1. AfricInvest acquired a 10.1% stake in I&M Group PLC from British International Investment, expanding its presence across East Africa.
2. SPE Capital invested in Tamweely, a leading Egyptian non-banking financial services firm supporting MSMEs.
3. Goodwell Investments made its first investment in Uganda’s Agent Banking Company to enhance access to financial services.
4. Agora Microfinance Zambia received $6.3 million to transform into a deposit-taking institution.
5. Verdant Capital invested $2 million in UsPlus, providing working capital solutions for South African SMEs.