Member News

Sabou Capital has announced a US$2 million impact-linked debt facility to Tomato Jos Farming and Processing Limited, Nigeria’s leading tomato-paste manufacturer, headquartered in Kaduna.

Johannesburg, SA– May 11th, 2026: Sango Capital has acquired more than $120M in NAV in four African funds from an institutional investor rebalancing its global portfolio. Sango funded the deal with its own capital and raised additional capital from a diverse group of commercial investors, including first-time Africa allocators.

BFREE, a pan-African investor in distressed retail and SME loans, announced the close of a growth round that substantially expands the company's capacity to acquire and manage non-performing loan portfolios, deepen its forward flow partnerships with financial institutions, and extend its presence into new markets across the continent. The round was led by AfricInvest through its Financial Inclusion Vehicle (FIVE), a growth-oriented evergreen investment fund dedicated to advancing financial inclusion across Africa. In addition to its investment capital, FIVE brings an established network of financial institutions, deep financial sector expertise, and a strong track record of backing high-growth businesses in African markets. Algebra Ventures joined as a new institutional investor, alongside existing investors Capria Ventures, VestedWorld, Axian CVC, Angaza Capital, 4Di Capital, DotExe Ventures, and other strategic individual investors with deep expertise in African financial services.

Amethis, Proparco, ccap.ai and management are proud to announce the completion of their investment in Vertice MedTech Holdings (“Vertice”).

Casablanca / Malta / Mauritius. Mediterrania Capital Partners (“MCP”), a private equity firm focused on growth investments in Africa, is pleased to announce the signing of a Share Purchase Agreement for the acquisition of 100% of Société Marocaine des Manufactures de Mohammedia (“SMMM”), the holding company of Amcor Flexibles Mohammedia (“AFM”), from Amcor Group.

Proparco, the French development finance institution, has committed USD 17.25 million to the Alterra Africa Accelerator Fund LP (AAA Fund), a pan-African growth equity fund managed by Alterra Capital Partners. Proparco’s commitment reflects its confidence in Alterra’s strategy of backing high-quality African businesses with the potential to grow, create jobs, and build long-term value across the continent.

Norfund is investing R160m in the South African water company Nafasi Water Technologies, a leading integrated developer and contractor serving the mining and public sectors across Southern Africa. The investment complements a follow-on investment by existing shareholder E Squared Investments and will enable Nafasi to scale its waste-to-value manufacturing and project finance businesses.

Salt Capital and Proparco, the French Development finance institution, are pleased to announce their acquisition of The Namibian Oncology Centre (‘NOC’), a specialist cancer care provider in Namibia. For this transaction, Salt Capital partnered with Proparco through its FISEA Fund – Facility for investing in and supporting African business – that invests in high-impact funds and one of Salt Capital’s longstanding investors.

LONDON / LAGOS / ABIDJAN, April 13, 2026 — Falcon Aerospace Limited (trading as VivaJets), Nigeria's premier business aviation platform, has closed a landmark US$15 million credit facility backed by TLG Capital, Premium Trust Bank, and Access Bank UK. Structured by TLG Capital as a bespoke facility Nigerian and UK banking partners, the transaction is among the largest SME-focused aviation financings ever completed in Côte d'Ivoire. It funds the establishment of an Abidjan operations hub, the development of in-country aviation maintenance infrastructure, and the expansion of corporate connectivity across a Francophone West African market that has long been underserved by conventional aviation finance.

Investment supports a women-led agribusiness building a more reliable poultry supply chain.

PowerLabs, a Nigerian energy and climate-tech startup, today announced the successful close of its pre-seed funding round led by Breega, with participation from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures. This strategic investment will accelerate the rollout of Pai Enterprise, the company’s flagship AI-enabled energy orchestration platform across commercial and industrial enterprises in Nigeria and lay the foundation for expansion into key West African markets.

TLG Capital partners with Shona Capital Zambia Limited to deliver fast, flexible lending to underserved Zambian businesses, marking TLG's first investment in Zambia

Acumen has invested in Mountain Harvest, a Ugandan specialty coffee company working with smallholder farmers to improve incomes and promote climate resilience through regenerative agriculture. The investment reinforces Acumen’s dedication to building inclusive agricultural markets that enable farmers to earn a living income while protecting the ecosystems they depend on.

Inside Capital Partners (“Inside”) is pleased to announce its investment in HEPI (Hautes Études Pratiques Internationales), the education platform behind VATEL Madagascar, a leading provider of internationally recognised hospitality and tourism management programmes in Madagascar.

The Board of Directors of the African Development Bank Group has approved an equity investment of up to USD 15 million in the Alterra Africa Accelerator Fund L.P. ("Alterra" or the "AAA Fund"), a multi-sector private equity fund dedicated to scaling high-growth enterprises across Africa.

The Board of Directors of the African Development Bank Group has approved a $15 million equity investment in the SPE PEF III private equity fund to support growth-stage businesses across Africa. The decision was taken in Abidjan on 25 March 2026.

By committing $15 million to the Adenia Entrepreneurial Fund (AEF), Proparco renews its long-standing partnership with Adenia and reaffirms its support for African SMEs and mid-sized companies, key drivers of job creation, inclusive growth, and regional integration across the continent.

26 March 2026 – ADEMAT, a leading power security solutions group in Côte d’Ivoire, is entering a new phase of development following the acquisition of a majority stake by Amethis, a pan-African private equity firm, from SPE Capital.

BFA Asset Management’s Kimbo Fund invests USD 1.2 million in ANDA, backing a new generation of Angolan founders reimagining transport and finance from Luanda

24 March, 2026, Johannesburg, South Africa — littlefish, the merchant operating system powering the relationships between Africa's biggest banks and the merchant class, today announced the close of a $9.5 million Series A round led by Partech, with participation from TLCOM, Flourish Ventures, and Proparco. The round marks a significant milestone in the company's mission to transform how financial institutions serve small and mid-sized businesses across the continent.

South Africa's Happy Pay raises $5M Seed Round led by Partech to scale the region's first ad-subsidised payments network, delivering cost-free Buy Now Pay Later payments for consumers.

African technology startups will receive a financing boost through a €40 million commitment from EIB Global, the development arm of the European Investment Bank (EIB), to the first Africa-focused investment vehicle from leading European venture capital firm Speedinvest. The investment strengthens EU–Africa ties, supports digital transformation, and promotes inclusive economic growth across the continent.

Cairo, Egypt – March 2025 – A consortium of investors led by SPE Capital (SPE), through its Private Equity Fund III (PEF III), and including the European Bank for Reconstruction and Development (EBRD), Proparco (the French development finance institution), and the Belgian Investment Company for Developing Countries (BIO), today announced the closing of its investment in Orchidia Pharmaceutical Industries S.A.E., a leading ophthalmic pharmaceutical manufacturer operating in Egypt and across the Middle East and Africa.

NEW YORK—The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, is investing $7 million in Persistent’s Africa Climate Venture Builder Fund (Persistent ACV Fund)—a $70 million blended fund accelerating climate innovation and inclusive green growth across Africa.

The Board of Directors of the African Development Bank Group today approved an investment of 6.5 million euros in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

We are proud to announce our new investment in Zamgoat Group (Zamgoat Products Ltd), a meat processing company headquartered in Lusaka, Zambia. This marks a significant milestone in our mission to support high-potential, impact-driven businesses across Africa.

London and Cairo, 19th February 2026 – Development Partners International (“DPI”) today announced the completion of their $190 million investment in Alameda Healthcare, Egypt’s leading private healthcare group.

This is the largest Guinea SME deal in the last decade. Democratising access to private credit beyond a handful of familiar markets in Sub Saharan Africa is essential if the region is to prosper as one. TLG Capital looks to invest in precisely places where others hesitate. Engaging the best business builders with seriousness, humility, and long-term intent. Progress is not the product of waiting for certainty, but of acting with discipline and conviction in its absence.

Standard Bank, Africa’s biggest bank by assets, is proud to announce that it has played a significant role in supporting Sanlam Private Equity (SPE), a division of Sanlam Investments, in its acquisition of Medhold, a leading supplier of medical devices and surgical supplies in South Africa and other selected African markets.

Sahel Capital, a leading food and agriculture-focused investment manager in sub-Saharan Africa, has renewed and enhanced a loan facility to $1.8 million through its Social Enterprise Fund for Agriculture in Africa (SEFAA). This investment underscores SEFAA’s mission to expand economic opportunities for smallholder farmers by strengthening the social enterprises that serve them. The facility supports Sukuma Commodities, one of the largest processors and exporters of high-quality coffee in Uganda from an initial $1 million investment in 2024, Sukuma has grown exports by over 60%, deepened engagement with smallholder farmers, and received technical assistance enabling registration under the EU Deforestation Regulation. The company has also strengthened its farmer registration systems, further supporting its supply chain and sustainability commitments.

Sahel Capital, a leading investment manager focused on the food and agriculture sectors across sub-Saharan Africa, has successfully closed a USD 1.5 million working capital loan to Rasad Nigeria Limited through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The new facility represents a renewal and scale-up of SEFAA’s earlier financing and will support Rasad’s growing working capital needs across the cocoa value chain.

London, UK – February 3, 2026; Founded in 2024, GoCab was created to address a fundamental challenge across Africa: limited access to ethical financing and vehicle ownership for gig-economy workers. By combining mobility, technology, and inclusive finance, the company enables drivers and delivery couriers to generate stable income while progressively gaining ownership of their vehicles. By 2025, GoCab had taken a leading position in several African markets, supporting thousands of drivers and contributing to cleaner, more sustainable urban mobility systems.

Retail Holding, a leading Moroccan group in the food and specialized retail sector, and the pan-African fund Amethis MENA Fund II, today announce the acquisition of the operations of the OCS Group in Morocco and Senegal. The Retail Holding/Amethis consortium succeeds investment funds Adenia and Proparco, shareholders of the OCS Group since 2021.

British International Investment (BII), the UK’s development finance institution and impact investor, and Alexforbes Investments (Alexforbes), South Africa’s leading and largest multimanager, have each committed R500 million to the Revego Africa Energy Fund. It marks a pivotal step in developing South Africa’s secondary market for renewable energy assets.

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals from Admaius Capital Partners (“Admaius”), a prominent Africa-focused private equity firm, alongside Dr. Sherif Bassiouny, Chairman of Parkville, and Dr. Mahmoud Farrag, CEO of Parkville. Parkville is a leading Egyptian healthcare and pharmaceutical company active in the pharmaceutical, cosmeceutical, and nutraceutical sectors. The transaction is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.

Nairobi, 22 January 2026: FSD Africa Investments (FSDAi), a UK-backed specialist financial sector investor, has announced a USD 7.5 million investment in the Ci-Gaba (Progress) Fund, a Ghanaian-domiciled fund of funds designed to mobilise pension capital into private equity and private debt investments across Ghana and West Africa.

Montreal (Quebec), 21 January 2026 – Canada’s bilateral Development Finance Institution, FinDev Canada, announces a USD 15 million loan to Lendable MSME Fintech Credit Fund II SCSp, SICAV-RAIF (“LMFCF II” or the “Fund”), a 7-year global-focused debt fund with a target size of USD 250 million. The Fund operates in Latin America, Africa, and Southeast Asia, and has a focus on promoting financial inclusion and gender equality.

Sahel Capital announced a first close at $29 million and a first investment for its Sahel Capital Agribusiness Fund II (SCAF II), anchored by KfW Development Bank and an unnamed U.S.-based family office.

Blue Earth Capital (“BlueEarth”), a specialist global impact investor, today announces the first close of its dedicated impact secondaries strategy, with commitments exceeding USD 100 million from leading institutional investors from Europe and the United States, including Proparco, the French DFI, the Ursimone Wietlisbach Foundation, and Stella (Germany). The close marks the launch of Blue Earth Capital’s first dedicated impact secondaries offering and a pivotal milestone in the firm’s mission to drive innovation and scale efficient impact capital deployment globally.

London, 09 January 2026: DEG (Deutsche Investitions- und Entwicklungsgesellschaft), the German development finance institution and a subsidiary of KfW, has committed a EUR 30 million loan to the Africa Go Green Fund (AGG), managed by Cygnum Capital. The financing will support the expansion of climate-friendly and energy-efficient solutions across Africa.

Mauritius, 23 December 2025 — Adiwale Fund I has acquired a minority stake in Clinique Ambroise Paré, in Conakry, Guinea.