September Industry News

01 Sep 2026

 

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

Africa Jobs Fund backs labour mobility company

Africa Jobs Fund has invested in Velocity, a labour mobility company that trains African nurses in German and places them in jobs at German hospitals.

Source: Africa Private Equity News

Africa Jobs Fund backs PeopleGateway

Africa Jobs Fund has invested in PeopleGateway, an Italian startup building the infrastructure for international labour mobility into Europe, starting with Italy.

Source: Africa Private Equity News

Airnergize Capital reaches the final close of its fund at R3.89bn

Airnergize Capital, the clean technology investment platform of New GX Capital, has reached the final close of its Fund I at R3.89 billion ($238.65 million), with the Development Bank of Southern Africa (DBSA) committing R240 million ($14.72 million) as lead development finance institution.

Source: Africa Private Equity News

All On and Energise Africa invest US$4mn in Maskh Nigeria

All On and Energise Africa have invested $4 million in Maskh Nigeria to support solar-powered mini-grids across 19 communities in Jigawa and Bauchi States.

Source: Africa Private Equity News

All On backs a renewable energy platform

All On, an impact investor company seeded by Shell, has made a mezzanine investment in PowerGen Renewable Energy Nigeria.

Source: Africa Private Equity News

Cygnum Capital’s ALCB Fund invests further R50mn in UsPlus

London, 18 September 2026 – The African Local Currency Bond Fund (ALCB Fund) has invested a further ZAR 50 million (USD 3 million) in a 4-year senior unsecured social bond issued by UsPlus Limited, a fintech-enabled provider of working-capital solutions to SMEs in South Africa. The notes have been issued under UsPlus' ZAR 1 billion Note Programme and listed on the Sustainability segment of the Interest Rate Market of the JSE Limited.

Source: Cygnum Capital

Cygnum Capital's fund backs Spiro

With an additional $18 Million, Africa Go Green Fund renews its confidence in Spiro and doubles down its financing commitment.

Source: Cygnum Capital

DOB Equity backs a water infrastructure company

DOB Equity, a Dutch family-backed impact investor focused on East Africa, is pleased to announce its investment in Irrisol Engineering (“Irrisol”). Irrisol is a water infrastructure company providing safe, reliable and affordable water to underserved rural and peri-urban communities in Uganda through solar-powered water systems.  

Source: DOB Equity

Edge Growth's fund backs South African utilities platform

Commercial and township property owners in South Africa are not just managing one infrastructure challenge. They are managing four at once: unreliable grid supply, intermittent municipal water, inconsistent waste collection, and rising security costs. Each is typically contracted separately, monitored separately, and paid for separately.

Source: Edge Growth

Grindstone Ventures launches R500mn fund

South Africa-based Grindstone Ventures has announced the launch of a R500 million ($30.92 million) venture fund to invest in high-growth, technology-enabled African businesses from Seed through Series A, targeting the transition from early commercial validation to institutional scale.

Source: Africa Private Equity News

Mirova provides US$10mn financing for SunCulture

SunCulture, Mirova and Kaleidofin today announced the successful closing of a landmark USD 10 million securitisation of receivables linked to productive-use solar irrigation systems. The transaction is designed to mobilise institutional capital for climate-smart agriculture in Africa and establish a replicable financing model for distributed productive-use energy assets.

Source: Mirova

VEA Capital Partners backs Bonisa AI

Cape Town: September 2026: VEA Capital Partners (VCP), the private investment arm of VEA Group, has announced a strategic investment in Bonisa Applied Insights (Bonisa AI), acquiring a stake in the South African data science and artificial intelligence business.

Source: VEA Capital Partners

Village Capital invests in Nigerian startups Trade Lenda and AirSmat

Lagos, Nigeria (September 7, 2026) – The Africa Ecosystem Catalysts Facility, a USD 4M pilot investment facility managed by Village Capital with funding from (FMO) the Dutch Entrepreneurial Development Bank and the Netherlands Enterprise Agency (RVO), has announced its first investments in Nigeria, deploying USD 450K in Trade Lenda and AirSmat, bringing its total investments to seven companies across Ghana and Nigeria.

Source: Village Capital

Vumela Fund invests in Cape Town-based fresh produce exporter

The Vumela Fund, managed by Edge Growth, has invested in Cape Town-based fresh produce exporter Iris Fresh. The funding will support operational expenditure and working capital as the business enters its next phase of expansion.

Source: Africa Private Equity News

YW Capital and RMB complete R2.25bn logistics property transaction through IronOak

YW Capital, a South African corporate advisory and investment firm, and RMB, the corporate and investment banking arm of FirstRand, have completed a R2.25 billion ($138.2 million) logistics property transaction through IronOak, YW Capital’s industrial and logistics real estate investment platform.

Source: Africa Private Equity News