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Where Sango Capital Sees Opportunity in Africa
Richard Okello, founder of Sango Capital, outlines a new risk‑focused playbook for African private equity. The firm now oversees just under $1 billion, targeting consumer, fintech and renewable‑energy opportunities in fast‑growing markets. Okello stresses local partnerships and data‑driven market selection to...
Inspired Evolution Backs CrossBoundary Energy
Inspired Evolution announced a $40 million investment via its Evolution III fund into CrossBoundary Energy, a developer of distributed renewable power for commercial and industrial clients across sub‑Saharan Africa. The capital will fund new solar, battery storage and hybrid projects, including...
Infrastructure Fund Receives DBSA Commitment
Africa Finance Corporation announced that the Development Bank of Southern Africa has committed to its $750 million Infrastructure Climate‑Resilient Fund (ICRF). The fund, managed by AFC Capital Partners, focuses on renewable energy, transport, digital infrastructure and industrial projects, aiming for a...
The 5 Most Popular Stories on Africa Private Equity News the Past Week
The past week’s most‑read Africa Private Equity News stories showcase a wave of financing across the continent. Enko Capital’s Rwanda SME Growth Fund secured a $30 million anchor from the Rwanda Social Security Board, while Ethiopia’s electric‑mobility startup Dodai closed a...
British International Investment Targets £9 Billion of New Capital for Africa
British International Investment (BII) unveiled a five‑year strategy to mobilise roughly £9 billion ($11.5 billion) of new capital for Africa, with the UK development finance institution committing about £5 billion ($6.3 billion) itself. The plan emphasizes channeling private sector funds, targeting at least 25 %...
Enko Capital-Managed Rwanda SME Fund Receives $30m Anchor Commitment
The Rwanda Social Security Board (RSSB) has anchored the first close of the $100 million Rwanda SME Growth Fund with a $30 million commitment. Managed by Enko Capital, the fund will provide long‑term, flexible growth capital in local currency to Rwandan small...
Proparco Commits $5m to Novastar Fund
Proparco has pledged $5 million to Novastar Ventures’ Africa People and Planet Fund III, which closed at $147 million. The fund targets tech‑enabled companies that expand access to essential goods and services while delivering measurable environmental benefits such as lower greenhouse‑gas emissions and...
IFC Proposes Investment in Cygnum Capital Fund
The International Finance Corporation (IFC) announced a proposed equity investment of up to $40 million in the Facility for Energy Inclusion (FEI), a pan‑African structured‑debt fund managed by Cygnum Capital. The infusion is part of FEI’s strategy to lift its assets...
Enko Capital Backs Angola Solar Project
Enko Capital’s Impact Credit Strategy, a private credit fund that closed its first round with $100 million, has committed capital to Metalosul, an Angolan subsidiary of the Omatapalo Group. The investment will finance the purchase of photovoltaic panels for a 724‑megawatt...
Dodai Closes $13m Series A to Scale E-Mobility in Ethiopia
Dodai, an Ethiopian electric‑mobility startup, closed a $13 million Series A round comprising $8 million in equity and $5 million in debt. The capital will fund the rollout of electric motorbikes and a network of 30 battery‑swapping stations in Addis Ababa. To date, Dodai...
Vantage Capital Provides $45m Mezzanine Facility to Egypt’s MIDO
Vantage Capital has extended a $45 million mezzanine debt facility to Egypt’s International Group for Modern Coatings (MIDO). The funding will be used to refinance existing debt and provide working‑capital, unlocking latent production capacity at MIDO’s two Alexandria plants. MIDO, a...
South Africa: Investor Consortium Backs Vertice MedTech
A consortium of Amethis, Proparco, ccap.ai and Vertice’s management has completed a new investment in Vertice MedTech Holdings, a South African firm that distributes specialised medical devices and builds digital health solutions. Founded in 2018, Vertice operates two arms—Vertice Healthcare...
Mediterrania Capital Partners in Packaging Deal
Mediterrania Capital Partners (MCP) has signed a share purchase agreement to acquire 100% of Société Marocaine des Manufactures de Mohammedia (SMMM), the holding company of Amcor Flexibles Mohammedia (AFM). AFM is a Moroccan producer of flexible packaging serving dairy, pharmaceutical,...
Sango Capital Provides Liquidity via Continuation Vehicle
Sango Capital announced the launch of a continuation vehicle for the residual multi‑manager assets of its inaugural Sango Capital Partners fund. The vehicle, the first of its kind in Africa, attracted fresh capital from European limited partners while giving original...
British International Investment Unveils New Five-Year Strategy
British International Investment (BII) unveiled a five‑year plan to mobilise £15 billion for developing economies, committing up to £8 billion of its own capital and seeking to match each public pound with private funding. The strategy raises its private‑capital crowd‑in target by...
South Africa: Standard Bank Backs Mulilo’s Mercury Battery Storage Project
Standard Bank has led financing for Mulilo Energy’s Mercury battery storage project, achieving financial close on a 76 MW/304 MWh system in South Africa’s Free State. The BESS was awarded under the second bid window of the Battery Energy Storage Independent Power...
East Africa: Bayer Foundation and UNCDF Back Omia and SokoFresh
The Bayer Foundation, in partnership with the United Nations Capital Development Fund (UNCDF), has launched the Food Systems Innovation Finance Facility, deploying its first two concessional loans of roughly $500,000 each to African agribusinesses. The loans go to Uganda’s Omia...
Funds Shift From Asia to Africa – How the Mauritius Jurisdiction Adapts to Accompany the Investment Trend
Mauritius‑based funds, long focused on India and other Asian markets, are reallocating capital toward Africa after the India‑Mauritius double‑tax treaty was renegotiated, eroding previous tax advantages. The continent’s rapid urbanisation, infrastructure needs, fintech boom and expanding middle class are offering...
Proparco Commits $17.25m to Alterra Africa Accelerator Fund
Proparco, the French development finance institution, has pledged $17.25 million to the Alterra Africa Accelerator Fund (AAA Fund), a pan‑African growth‑equity vehicle managed by Alterra Capital Partners. The fund targets profitable, growth‑stage companies in East and Southern Africa that serve basic...
Mulilo Reaches Financial Close on 380MW Solar PV Project
Mulilo, backed by Copenhagen Infrastructure Partners and Norfund, has reached financial close on the 380 MW (DC) Beaufort West solar PV project in South Africa’s Western Cape. The facility will export 250 MW (AC) to the national grid via the Droërivier substation...
Erik Sandersen Appointed New CEO of Norfund
Erik Sandersen, a 25‑year finance veteran, has been appointed chief executive officer of Norfund, Norway’s development investment fund, effective 1 July. Sandersen, who has led Norfund’s financial inclusion department for a decade, will oversee the fund’s three mandates: the original development...
Launch Africa Ventures Appointed Investment Advisor to Botswana Tech Fund
Launch Africa Ventures has been named investment advisor for phase one of the Botswana Tech Fund (BTF), a multi‑stage venture fund targeting the digitisation of Southern Africa’s micro, small and medium‑sized enterprises. BTF aims to raise £50 million (about $64 million) and...
Jambaar Capital Invests in Trashcoin
Jambaar Capital announced an investment in Trashcoin, a Nigerian digital waste‑management platform that rewards users with credits for recyclable material. The credits are stored in a digital wallet and can be exchanged for cash or used to pay utilities, health...
Àrgentil Receives Support for $75m West Africa SME Fund
Àrgentil Capital Management was chosen for the inaugural cohort of the Blended Finance Accelerator for Fund Managers (A4FM) and received proof‑of‑concept grant support to launch the Àrgentil Investment Fund (ÀSIF). The $75 million private‑equity vehicle will target underserved small and medium‑sized...
South Africa: Norfund and E Squared Invest in Nafasi Water
Norfund is investing R160 million (about $9.8 million) in South African water‑treatment specialist Nafasi Water Technologies, with a follow‑on contribution from existing shareholder E Squared Investments. The capital will enable Nafasi to scale its waste‑to‑value manufacturing, project‑finance operations and a new platform for...
Salt Capital and Proparco Acquire Namibian Oncology Centre
Salt Capital and French development finance institution Proparco have jointly acquired The Namibian Oncology Centre (NOC), Namibia’s leading specialist cancer care provider. The acquisition follows NOC’s founding by local clinicians and businesspeople to broaden cancer diagnosis, treatment and care across...
Five Notable South African Deals
Over the past year, South Africa has seen a wave of private‑equity activity across five high‑profile transactions. Harith and affiliates signed a sale agreement to acquire low‑cost carrier FlySafair, pending regulator sign‑off. A Phatisa‑led consortium bought agricultural‑inputs group Zaad, while...
Acumen Backs Omia to Expand Support for Smallholder Farmers in Northern Uganda
Acumen has committed an impact‑linked convertible note to Omia Agribusiness Development, a Northern Uganda firm that supplies smallholder farmers with inputs, training, and market access. The capital will fund working‑capital needs, high‑margin growth opportunities, and expansion into additional districts. The...
IFC Discloses Proposed Investment in Quona Fund IV
The International Finance Corporation (IFC) has disclosed a proposed equity investment of up to $12 million in Quona Fund IV, a venture‑capital vehicle focused on financial‑inclusion startups. Quona Fund IV, managed by Quona Capital Management, will target early‑ and growth‑stage companies in Latin...
Standard Bank Supports Financial Close of Mulilo’s Middlepunt Solar PV Project
Standard Bank has helped Mulilo Energy secure financial close for the Middlepunt Solar PV project, the first REIPPPP Bid Window 7 venture to do so. The bank acted as co‑mandated lead arranger, providing senior and subordinated debt totaling roughly $137.8 million. Once...
South Africa: New ALT Capital Fund to Back Rural and Township Convenience Retail Centres
Johannesburg-based ALT Capital Partners has launched the Reimagine Social Impact Retail Fund 2, following the success of its first fund that now operates 11 assets across seven South African provinces. The new fund will raise roughly R2.5 billion (about $152.8 million) to...
Get Your Firm’s News in Front of Africa’s Private Capital Community
Africa Private Equity News has launched Africa Invest Wire, a distribution service that places corporate announcements directly into the hands of Africa’s private capital community. The platform emails updates to a database of over 7,500 regional investment professionals and publishes...
PE-Backed Mulilo Reaches Financial Close on South African Solar Project
Mulilo, backed by Copenhagen Infrastructure Partners and Norfund, has reached financial close on the Middlepunt Solar PV project in South Africa. The 337 MW (DC) facility will export 240 MW (AC) and is expected to produce about 770 GWh of electricity each year....
Mirepa Invests in Ghanaian Food Company
Mirepa Investment Advisors has closed a strategic investment in Ghanaian food producer Uniik Foods through its Mirepa Capital SME Fund I. The capital will fund modernisation of Uniik’s production lines, boost manufacturing capacity, and enhance distribution networks for its shelf‑stable...
The Great Debate: Private Capital Isn’t One Asset Class – or Is It?
At SAVCA’s 2026 Private Equity in Southern Africa Conference, industry leaders debated whether private capital in South Africa should be treated as a single, generalist asset class or broken into distinct allocations such as private equity, infrastructure, credit and venture....
TLG in West African Aviation Deal
Falcon Aerospace, operating as VivaJets, secured a $15 million credit facility backed by TLG Capital, Premium Trust Bank and Access Bank UK. The financing, structured by TLG, will underwrite a new operations hub in Côte d’Ivoire, build local aviation maintenance capabilities,...
Standard Bank Continues to Back Optasia with $330m Syndicated Refinancing
Standard Bank, Africa’s largest lender by assets, acted as joint lead arranger and underwriter for a $330 million syndicated refinancing of Optasia, the continent’s leading AI‑driven fintech. The package includes a $180 million term loan and $150 million of bank guarantees, expanding the...
Breega Leads PowerLabs Pre-Seed Fundraise
PowerLabs, a Nigeria‑based energy and climate tech startup, closed a pre‑seed round led by French venture firm Breega, with participation from Catalyst Fund, Mercy Corps Ventures and Kaleo Ventures. The undisclosed capital will accelerate development of its AI‑driven platform Pai,...
Growth Investment Partners Ghana Adds New Investors
Growth Investment Partners (GIP) Ghana, a platform launched by British International Investment, has added Axis Pension Trust and Norfund as investors, bringing a $20 million commitment. The new capital expands GIP’s $40 million‑plus deployment to 16 portfolio companies in manufacturing, agriculture, financial...
TLG Capital Closes $5m Scaling Facility for Shona Capital Zambia
TLG Capital has closed a $5 million scaling facility to fund Shona Capital Zambia, an SME lender operating in the $10,000‑$100,000 loan corridor. The facility, sourced from TLG’s Africa Growth Impact Fund II, will be released in tranches as Shona expands its...
Acumen Backs Uganda’s Mountain Harvest
Acumen has committed patient capital to Mountain Harvest, a Ugandan specialty coffee producer that works with more than 1,000 smallholder farmers. The investment will fund a temperature‑controlled warehouse, a dry mill and a colour‑sorting line, as well as land acquisition...
Five African Private Capital Moves in March 2026
In March 2026 Africa’s private‑capital scene saw five notable moves. Adenia Partners capped its Entrepreneurial Fund I at $180 million, surpassing its $150 million target. A SPE Capital‑led consortium invested in Egypt’s eye‑care maker Orchidia, alongside multilateral partners. Phatisa and AgDevCo exited...
AgDevCo Increases Commitment to East African Aquaculture Company
AgDevCo, the agriculture‑focused impact investor, has committed a $15 million mezzanine loan as a follow‑on investment to Victory Group, an East African tilapia producer. Victory Group, which farms Nile tilapia on Lake Victoria in Kenya and Lake Kivu in Rwanda, aims...
Inside Capital Partners Takes Stake in Madagascar Education Platform
Inside Capital Partners has taken a stake in Hautes Études Pratiques Internationales (HEPI), the operator of Vatel Madagascar’s hospitality and tourism management programmes. The capital infusion will fund a new campus, broaden academic offerings, and reinforce market‑aligned, practical education. Both...
Rwanda Aims to Become Africa’s Next Fintech Hub with New Legislation
Rwanda has enacted a comprehensive virtual‑asset framework that sets licensing, compliance and supervisory standards for digital‑asset service providers. The legislation dovetails with the Kigali International Financial Centre’s broader strategy to attract capital and position the country as Africa’s fintech hub....
Azur Innovation Fund Backs GoSwap in Seed Round
Moroccan electric‑mobility startup GoSwap announced its first seed round, secured from Azur Innovation Fund. The company’s battery‑as‑a‑service platform lets riders buy scooters without batteries and swap depleted packs at smart stations in under ten seconds. GoSwap has already installed 20...
South Africa: Kholo Capital and Tensai Private Equity Back Isambane Mining MBO
Kholo Capital’s Mezzanine Debt Fund I and Tensai Private Equity are providing R275 million (≈ $16.4 million) in mezzanine financing to back a management buy‑out of Isambane Mining, a mid‑tier South African mining contractor. The package is split with R200 million (≈ $11.9 million) from Kholo...
New Book: African Entrepreneurs Turning Opportunity Into Profit
South African author Jaco Maritz released the sequel *How We Made It in Africa II* at Harvard Business School on March 28. The volume adds 15 fresh case studies of founders from South Africa, Nigeria, Kenya, Egypt and other nations,...
Dealmaker's Log: African Private Equity and VC Deals in March 2026
The March 2026 Dealmaker’s Log reports more than 39 private equity and venture capital transactions across Africa, featuring a roster of active investors such as SPE Capital, RMB Corvest, Nedbank Private Equity, Phatisa, and Partech. The deals span sectors from...