April Industry News

01 April 2026

 

A collection of news across the African private equity and venture capital industry

AgDevCo commits US$15mn follow-on investment

AgDevCo, the specialist agriculture investor, has made a $15 million follow-on investment in Victory Group, an East African aquaculture company producing and distributing Nile tilapia. 

Source: AgDevCo

ALT Capital Partners launches the Reimagine Social Impact Retail Fund 2

Johannesburg-based ALT Capital Partners has launched the Reimagine Social Impact Retail Fund 2. This follows the firm’s Fund 1, which has grown to 11 operational assets across seven provinces in South Africa.

Source: Africa Private Equity News

Azur Innovation Fund backsGoSwap

Moroccan electric mobility startup GoSwap has secured its first seed funding round from Azur Innovation Fund.

Source: Africa Private Equity News

Endeavor South Africa announces the close of its Harvest Fund III at R230mn

Endeavor South Africa has announced the close of its Harvest Fund III at R230 million (about $13.6 million). This venture fund brings together both entrepreneurs and institutional investors focused on backing and scaling the next generation of high-growth technology businesses across South Africa.

Source: Africa Private Equity News

GIF Growth invests US$2mn in East African fintech company

4G Capital, an East African fintech company providing financial services to micro and small enterprises (MSEs), has secured a strategic investment of $2 million from GIF Growth, the Global Innovation Fund’s dedicated growth-stage vehicle.

Source: Africa Private Equity News

Inspired Evolution invests US$40mn to CrossBoundary Energy

The investment company has committed a US$40M to CrossBoundary Energy, supporting the construction of its portfolio

Source: CrossBoundary Energy

Kholo Capital and Tensai Private Equity backIsambane Mining management buyout

Mpumalanga-based mining contractor Isambane Mining has secured R275-million in mezzanine debt funding to support a management buyout that will give its leadership team full ownership of the business. The financing package comprises R200-million from fund management company Kholo Capital Mezzanine Debt Fund I and R75-million from advisory firm Tensai Private Equity.

Source: Miners Digest

Mirepa invests in Ghana-based Uniik Foods

Accra - 13th April, 2026 - Mirepa Investment Advisors Ltd. has closed a strategic investment in JNC Uniik Limited Company (Uniik Foods) through its SME private equity fund, Mirepa Capital SME Fund I Limited. The investment will enable Uniik Foods to modernise its production infrastructure, expand manufacturing capacity, and strengthen the distribution and export of its shelf-stable organic African food products, including palm nut paste, fufu mix, and garden eggplant, across local and international markets in the United States of America, the United Kingdom, Europe, Australia, and the Middle East. This is the first institutional investment in Uniik Foods.

Source: Mirepa

Norrsken22 leads investment in Cape Town-based e-commerce and logistics platform

Shiprazor, the Cape Town-based e-commerce merchant technology and logistics platform, has raised $2.65 million in seed funding to help African online merchants reduce delivery costs, improve conversion, and simplify fulfilment. The round was led by pan-African venture capital firm Norrsken22, with participation from AAIC, E4E and Tremis Capital, among others.

Source: Africa Private Equity News

Oikocredit and GCPF invest US$10mn in Sawa Energy

26 March 2026, Amersfoort, the Netherlands –Oikocredit has partnered with the Global Climate Partnership Fund (GCPF) to provide a USD 10 million debt facility to Sawa Energy​, a leading developer and operator of commercial and industrial (C&I) solar and battery ​systems​ in East Africa​.

Source: Oikocredit

PIDG backs Afreenergy Solar

Amsterdam, The Netherlands: The Private Infrastructure Development Group (PIDG) has committed EUR 4.3m to scale Afreenergy Solar, a specialised platform developing clean energy solutions for commercial and industrial (C&I) customers in Senegal, with the ambition to expand over time into selected markets in West and Central Africa. Announced today at the Future of Energy Summit in Amsterdam, PIDG’s commitment was made through its project development solution, InfraCo.

Source: The Private Infrastructure Development Group

Savannah Impact Advisory announces the first close of its maiden fund

Savannah Impact Advisory, a Ghanaian Fund Manager and an impact advisory firm, today announces the successful first close of its maiden fund, Ci Gaba (Progress) VC Limited, a landmark blended finance vehicle with a GHS 1 billion target, reaching approximately GHS 383 million in committed capital, an important milestone for Ghana’s private capital landscape.

Source: Savannah Impact Advisory

Vantage Capital invests $45 million in MIDO

Cairo, 26 April 2026 – Vantage Capital, Africa’s largest mezzanine debt fund manager, has provided $45 million of mezzanine debt funding to the International Group for Modern Coatings (“MIDO”), a leading Egyptian manufacturer of specialty paints and coatings. This transaction marks Vantage Capital’s third investment in Egypt and is among the largest mezzanine debt transactions in the country’s history. The proceeds will be used for debt refinancing and working capital funding, which will enable MIDO to unlock its production capacity.

Source: Vantage Capital