For its first investment in sub-Saharan Africa, NBK Capital Partners commits $10 million to Moove Africa. The transaction was executed by NBK Capital Partners' second mezzanine fund.

Five months after raising $23 million in Series A financing, Moove Africa has raised new capital, bringing the total funds raised to date to $78 million. Its objective is to increase its presence in West Africa. In an announcement made on February 1, the Emirati investment firm said it had concluded a $10 million financing facility with Moove Africa, a fintech that finances the acquisition of vehicles for individuals in Africa. This operation marks the sixth investment of NBK Capital Partners Mezzanine Fund II.