Member News

Aruwa Capital Management, a Lagos based female founded and led early stage growth equity and gender lens fund manager, has raised 90% towards its $40 million target for its second fund, Aruwa Capital Fund II. Aruwa Capital is doubling down on its proven investment strategy, backing high-growth, impact-driven businesses that are transforming key industries in Nigeria and Ghana.

Swedfund invests EUR 26 million in AfricInvest’s Financial Inclusion Vehicle (FIVE), a platform designed to support financial institutions across Africa. The investment aims to increase access to financial services for underserved individuals and small businesses, with a focus on digital innovation, economic empowerment and inclusion.

We are pleased to announce our $7.5 million investment in Inside Equity Fund II L.P., a private equity fund dedicated to supporting small and medium-sized enterprises in some of the most underfinanced and least developed markets in Southeast Africa.

London/Nairobi, 17 March 2025 – Alterra Capital Partners, an Africa-focused private equity firm, today announced a $20 million commitment from British International Investment (BII), the UK’s development finance institution and impact investor, to the Alterra Accelerator Africa Fund (AAA Fund). The AAA Fund is focused on impactful investments across key sectors in Africa which drive financial inclusion, digital transformation, job creation and women’s empowerment.

March 5th, 2025: LoftyInc Capital Management has announced the first close of $43m for its new LoftyInc Alpha Fund, a late-seed focused investment vehicle that will drive growth for Africa’s most promising tech startups across key geographies, including Nigeria, Egypt, Kenya, and Francophone Africa.

The European Investment Bank (EIB Global) has announced a $75 million investment in Helios Investors V, L.P. (Helios Fund V). The announcement was made by EIB Vice-President Ambroise Fayolle at the ongoing Finance in Common Summit in Cape Town, South Africa.

P1 Ventures – the early-stage, Pan-African VC – has completed the final close of its first $50 million institutional fund and welcomed African conglomerates, family offices, and partners at global VCs, alongside the World Bank’s IFC. Senior advisors include Index Ventures’ founding team member, Bernard Dalle and Emil Michael, former Uber CBO who scaled it globally.

Proparco has announced a €10 million investment in the latest fund dedicated to small and medium-sized enterprises (SMEs) from AfricInvest, a long-standing partner and major player in impact investing in Africa.

Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) a government body focused on empowering small businesses, has made a strategic move to bolster the country’s growing startup ecosystem with a USD 7.5 M investment across three regional venture capital funds.