January Industry News

01 Jan 2026

 

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

 

Acumen’s Hardest-to-Reach Initiative reaches target raise of US$250mn

New York City (January 6, 2026) — Acumen, a global impact investor building markets to solve poverty, announced today its Hardest-to-Reach Initiative (H2R)  secured a total of $250 million in blended capital to expand clean energy access across sub-Saharan Africa, reaching its target raise. The latest milestone includes the final close of H2R Amplify, the initiative’s scale-focused debt fund, at $180 million, supported by a new $7.8 million commitment from the Swiss Agency for Development and Cooperation (SDC), alongside $18 million in complementary grant capital that will be used to provide impact-based rewards to borrowers.

Source: Acumen

DBSA and DFC in US$553mn financing package for Angolan railway project

Lagos, 02 January 2026 – Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the signing of key financing agreements for the Lobito Atlantic Railway Project in Angola. AFC alongside Eaglestone, acted as Co-Financial Adviser, to Lobito Atlantic Railway S.A. (LAR), the Borrower and Concessionaire of the 1,300-kilometre brownfield railway corridor..

Source: Africa Private Equity News

Mirova invests US$19mn in Kenyan cold storage deal

Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces a USD19 million investment in Cold Solutions Kiambu, a leading provider of temperature-controlled warehouse and logistics services in Kenya. This financing will enhance energy-efficient refrigeration and support food security and food loss and waste reduction efforts in the region. The partnership with Mirova Gigaton Fund[1] allows Cold Solutions Kiambu to continue ramping up operations of this flagship infrastructure initiatives, reinforcing sustainable practices in cold chain logistics.

Source: Mirova

PCM Capital Partners exits First Atlantic Bank

PCM Capital Partners (PCP) has announced a full exit from First Atlantic Bank (FAB), via an IPO on the Ghana Stock Exchange (GSE). This transaction brings PCP’s portfolio exits to four (as well as one partial exit), further reinforcing PCP’s track record of realising liquidity events out of its maiden fund the West Africa Emerging Markets Growth Fund (WAEMGF).

Source: Africa Private Equity News

Silverbacks Holdings secures its tenth exit

Lagos, January 13th, 2026 – Silverbacks Holdings, a leading private investment firm focused on high-growth companies in underserved African industries, announces strategic milestones: fresh capital injection for its sports platform from Hollywood actor and director Boris Kodjoe as well as South African mega producer Pepsi Pokane; and recording its 10th profitable exit resulting from the recent acquisition of open banking fintech startup, Mono.

Source: Silverbacks Holdings

Truvalu exits Kenyan seedling producer

Truvalu, a global impact investment firm, has announced its exit from GrowPact Kitale, a Kenyan company specialising in high-quality seedling production. The exit is a strategic sale to a private Dutch family office. 

Source: Africa Private Equity News