October Industry News

01 Oct 2026

 

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

A.P. Moller Capital exits Nigerian gas investment Powergas

Copenhagen and Lagos, 25 September 2026: A.P. Moller Capital today announced that, through its Africa Infrastructure Fund I (“AIF I”), and Impala Energy Holdings (“Impala”), it has entered into an agreement under which a consortium led by Ardova Plc (“Ardova”) and including Diadem Energy (“Diadem”) will acquire Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited (“PEL”), together known as “Powergas”, one of Africa’s largest Compressed Natural Gas producers and virtual pipeline distributors. 

Source: A.P. Moller Capital

Camco backs Abuja-based renewable energy company

The Renewable Energy Performance Platform 2 (REPP 2), a private debt fund managed by Camco, has provided a senior debt facility to Prado Power to support the construction and operation of five solar mini-grids with battery storage in Nigeria.

Source: Africa Private Equity News

Cygnum Capital invests in senior debt facility of US$18mn in Cold Solutions Rwanda

Africa Go Green Fund (AGG), managed by Cygnum Capital, has reached financial close of a Senior Debt Facility of up to USD 18 million with Cold Solutions Rwanda Limited. The facility will finance construction costs and working capital for a new cold-storage facility in the Kigali Prime Economic Zone, with an initial capacity of 4,000 pallets and the potential to expand to up to 8,000 pallets.

Source: Cygnum Capital

Edge Growth exits electric vehicle company

South African electric vehicle company Everlectric has exited the Vumela Fund, managed by Edge Growth, following a venture debt investment used to support the expansion of its commercial fleet business.

Source: Africa Private Equity News

Infinite Partners fund reaches final close at R2.8bn, exceeding the target 

South Africa-based Infinite Partners has announced the final close of its Infinite Partners Core Equity Fund II, having secured R2.8 billion ($169.8 million) in capital, exceeding the target of R2.5 billion ($151.6 million).

Source: Africa Private Equity News

Infra Impact Investment Managers backs H1 Roggeveld equity transaction along with Third Way's co-investment

The Local Community Trust Debt Fund (the Fund), managed by Infra Impact Investment Managers (IIIM), has partnered with H1 Holdings (H1) to conclude an equity funding transaction with H1 Roggeveld Wind (H1 Roggeveld), through which H1 holds its interest in the Roggeveld Wind Farm. Third Way Investment Partners (Third Way), an investor in the Fund, co-invested alongside the Fund in the transaction, which closed on 4 September 2026.

Source: Infra Impact Investment Managers

Kholo Capital backs South African ICT distributor

The Kholo Capital Mezzanine Debt Fund I has provided R275 million ($17 million) in mezzanine debt financing to South African ICT distributor DCC Holdings.

Source: Africa Private Equity News

LekkeSlaap co-founders sell stake to consortium of South African investors

South African accommodation and hospitality platform LekkeSlaap has been acquired by a consortium of leading local investors, with its co-founders exiting the business.

Source: BusinessTech

NeoFleet Capital raises US$4mn in pre-seed funding round

NeoFleet Capital has raised $4 million in pre-seed funding to expand its vehicle financing and fleet management business across emerging markets.

Source: Africa Private Equity News

Nithio backs Nigerian e-mobility platform

Nithio has provided financing to MAX, extending the company’s Series B3 funding round to $29 million and supporting MAX’s continued expansion of clean, affordable and inclusive mobility solutions across Africa.

Source: Nithio

Summit Africa acquires 40% stake in Virtual Farmer

The Summit Private Equity Fund II, managed by Summit Africa, has acquired a 40% interest in Virtual Farmer, an agricultural supply and finance marketplace operating across South Africa, Namibia, Zambia and Mauritius. 

Source: Africa Private Equity News