ITL: Key Highlights From the Moody's Report on Mauritius
Moody’s reaffirmed Mauritius’ investment‑grade rating on 4 May 2026, highlighting a sharp fiscal turnaround. The fiscal deficit narrowed to roughly 5.5% of GDP, down from 9.3% a year earlier, while central‑government revenue grew 7.8% year‑on‑year, driven by a 15.8% jump in income‑tax receipts. Tourism remained robust, with 348,000 visitors in Q1 2026, exceeding the 2023‑25 average. Additionally, Mauritius became the first African nation to meet the IMF’s SDDS Plus standard, underscoring its data transparency.
Sango Capital Closes $120m Secondary Transaction
Sango Capital closed a secondary transaction acquiring over $120 million net asset value across four African funds from an institutional investor rebalancing its global portfolio. The deal was financed with Sango’s own capital and additional commitments from commercial investors, including first‑time...
IFC Discloses Proposed $25m Investment in Admaius’ Virunga Africa Fund II
The International Finance Corporation disclosed a proposed equity commitment of up to $25 million to Virunga Africa Fund II, a growth‑equity vehicle managed by Kigali‑based Admaius Capital Partners. IFC also offered a co‑investment envelope of up to $10 million, expanding the fund’s...
Proparco Invests $2m in Cauridor
Proparco, the French development finance institution, has invested $2 million in Cauridor as part of the fintech’s Series A round, bringing total funding to $13 million. The capital will help Cauridor expand its cross‑border payment infrastructure that links global money‑transfer operators with African...
SAVCA Legal and Regulatory Briefing: 20 May 2026
The South African Venture Capital Association (SAVCA) will host a Legal and Regulatory Briefing on 20 May 2026. The CPD‑accredited session targets private‑capital practitioners, offering a current snapshot of legal, policy and regulatory shifts shaping the sector. Attendees will hear how regulators...
DPI Promotes Richard Bennett to Partner
Development Partners International (DPI), the London‑based private equity firm focused on high‑growth African businesses, announced the promotion of Richard Bennett to partner. Bennett joined DPI in 2024 as Chief Operating Officer and has been credited with building an institutional‑grade operating...
Standard Bank Wins Global Awards for Investment Banking and Sustainable Finance
Standard Bank Group, Africa’s largest bank by assets, was named a Regional Winner for Sustainable Finance and Best Investment Bank in Africa at the 2026 Global Finance Awards. The bank captured multiple sub‑category honors, including Best Investment Bank for Power/Energy...
Apis Partners Closes $1.23bn Fund III
Apis Partners announced the final close of its Apis Global Growth Fund III and Apis Growth Markets Fund III, together raising $1.23 billion in commitments, more than double the $563 million raised for Fund II. The combined fund will take meaningful minority...
Westbrooke Closes UK Private Equity Fund Backed Mainly by South African Capital
Westbrooke Alternative Asset Management closed its inaugural UK Private Equity Fund I with £75 million (≈$95 million) of capital, primarily sourced from South African high‑net‑worth individuals and wealth managers. The fund, finalized in March 2026, will invest in six to eight lower‑mid‑market...
Ninety One-Managed EAAIF Backs Sustainable Aviation Fuel Project
Emerging Africa & Asia Infrastructure Fund, managed by Ninety One, has committed a $40 million senior secured loan to finance Egypt’s first sustainable aviation fuel (SAF) plant in the Sokhna Special Economic Zone. The $212.4 million project, led by Green Sky Capital...
Capitalising on Mauritius Protected Cell Companies to Unlock Investment Opportunities in Africa
Investors eyeing Africa’s booming infrastructure, real estate, private‑equity and finance markets face fragmented legal regimes, high compliance costs and contagion risk. Mauritius Protected Cell Companies (PCCs) offer a single legal vehicle that houses multiple segregated “cells,” each with its own...
Acumen Backs Nigerian Poultry Venture
Acumen has invested in Pullus Africa Solutions, a Nigerian agribusiness that aggregates smallholder poultry and builds cold‑chain infrastructure. The funding will enable new cold‑chain hubs in Nasarawa, extending reliable year‑round market access for farmers in Abuja and surrounding states. Pullus...
Dealmaker's Log: African Private Equity and VC Deals in April 2026
Africa Private Equity News released its April 2026 Dealmaker’s Log, cataloguing 35 private‑equity, debt and venture‑capital transactions across the continent. The roundup highlights activity from a roster of investors such as Mediterrania Capital Partners, Amethis, Vantage Capital, Speedinvest and many others....
Madagascar: Groupe Talys Secures €9m IFC Loan to Scale Construction Materials and Retail
The International Finance Corporation approved a €9 million (≈$9.8 million) long‑term loan for Madagascar‑based family group Groupe Talys. The financing will be used to expand its Sanifer construction‑materials distribution business and the Kibo cash‑and‑carry grocery format. Madagascar faces a two‑million‑unit housing shortfall,...
South Africa: Edge Growth-Managed Abadali Fund in Engineering Services Deal
Edge Growth Ventures has invested capital from its Abadali Fund into Siyanqoba, a 100% black woman‑owned engineering firm in Mpumalanga, South Africa. The funding, part of the government‑backed Abadali Equity Equivalent Investment Programme partnered with J.P. Morgan, will finance specialised...