Member News
14 October 2026
Cascador et al. launch US$200mn fund
The Lagos-based accelerator, Cascador, in collaboration with Nigerian commercial bank Sterling Bank, has launched a $200 million SME Credit Backstop Fund to help Nigerian small businesses get larger, longer loans.
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13 October 2026
FSD Africa et al. partner to launch US$100mn Africa Nature Impact Fund
Finance Earth, FSD Africa and FSD Africa Investments (FSDAi) have partnered to launch the Africa Nature Impact Fund (“Africa Nature”), a first-of-its-kind financing platform with a target of raising USD 100 million for early-stage nature and nature-based carbon projects. The announcement today at the Carbon Markets Africa Summit in Kigali marks a key milestone in the development of the platform which is seeking to reach first close in 2027 at USD 20 million with a cornerstone commitment from FSDAi of GBP 5 million (USD 6.6 million).
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8 October 2026
IFC et al. launch private debt vehicle with US$300mn first close
Washington D.C./Zurich, October 8, 2026— The International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector, and BlueOrchard Finance Ltd (BlueOrchard), a leading global impact investment manager and member of the Schroders Group, have joined forces to channel long-term institutional capital into emerging markets, helping create jobs and expand economic opportunity in regions where private investment has historically been difficult to mobilize.
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28 September 2026
FinDev Canada commits US$40mn to fintech credit fund
Montreal (Quebec), 16 September 2026 – The Honourable Randeep Sarai, Secretary of State (International Development), announced a USD 40 million loan on behalf of Canada’s bilateral development finance institution (DFI), FinDev Canada, to Lendable MSME Fintech Credit Fund II (or the Fund), a global-focused debt fund operating in Latin America, Africa, and Asia. The commitment will support economic growth, financial inclusion, and gender equality. This represents FinDev Canada’s third commitment with Lendable MSME Fintech Credit Fund II.
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22 September 2026
FinDev Canada invests US$33mn in climate-focused fund
New York (New York), 22 September 2026 – Canada’s bilateral development finance institution, FinDev Canada, announces a USD 33 million commitment to BlueOrchard Climate Action Mobilisation Fund ("the Fund or BOCAMF”), a private debt fund structured as a blended finance vehicle that achieved its first close of USD 250 million. The Fund received commitments from private-sector institutional investors Aviva Life and Daido Life Insurance Company, as well as Schroders, and British International Investment (BII).
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15 September 2026
BII, FinDev Canada, et al. commit US$250mn to the first close of BlueOrchard's fund
USD 250 million secured from private and public investors: The BlueOrchard Climate Action Mobilisation Fund SCA SICAV-RAIF (“BOCAMF” or “The Fund”) has achieved a first close of significant scale, with senior financing in the form of investment-grade notes provided by private-sector institutional investors Aviva Investors and Daido Life Insurance Company, as well as commitments from Schroders, British International Investment (BII) and FinDev Canada.
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11 September 2026
Proparco commits US$10mn to Africa50 fund
Proparco has committed USD 10 million to the senior tranche of the Africa Green Infrastructure Alliance – Project Development Fund (AGIA-PD), managed by Africa50. The investment will support the development of a pipeline of bankable green infrastructure projects across Africa, helping accelerate the continent's energy transition while improving access to essential services such as electricity and water.
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8 September 2026
Proparco invests US$15mn in South Africa-focused fund
Proparco has committed USD 15 million to Capitalworks IV, the fourth private equity fund managed by South African investment firm Capitalworks. The investment will support the growth of mid-sized companies in South Africa , contributing to economic development, job creation and the mobilisation of private capital.
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Member News
31 August 2026
PIC anchors VC fund
Mamor Capital Ventures (Mamor Capital) has reached a R300 million first close for Fund 1, providing the black women-owned and managed venture capital firm with the capital to begin investing in post-revenue South African technology businesses as it continues raising towards a target fund size of R550 million.
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28 August 2026
Swedfund commits US$20mn to energy-focused fund
Swedfund is providing a USD 20 million loan to the Africa Go Green Fund to support companies that reduce emissions and improve energy efficiency across Africa. The investment will increase access to debt financing for businesses working in areas such as green buildings, clean cooking, green transport and industrial energy efficiency.
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26 August 2026
AHL Venture Partners announces second close of its fund at US$45.5mn
AHL Venture Partners (“AHL”) is pleased to announce the second close of the AHL Africa Credit Fund I (ACF). The close includes a new US$15 million debt commitment from Ceniarth LLC, a family office focused on catalytic, patient capital for underserved communities, and brings total capital raised for the Fund to US$45.5 million, from family offices and family foundations, against a US$70 million target.
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26 August 2026
Ventures Platform reaches US$84mn final close for second fund with commitments from EBRD, Norfund, et al.
Final close exceeds $75 million target, with new institutional backing from EBRD, Alphatron, and Norfund amidst a challenging global environment for African Venture Capital.
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24 August 2026
CardinalStone Capital Advisers announces a first close of its second fund at US$76mn
CardinalStone Capital Advisers, a leading West Africa-focused private equity fund manager, announces a first close of its second fund, CCA Growth Fund II, at US$76 million.
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24 August 2026
Africa Finance Corporation launches Nigeria Infrastructure Climate-Resilient Fund
Lagos, 24 August 2026 : AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria) as a dedicated platform to mobilise domestic institutional capital for investment in climate-resilient infrastructure projects across Nigeria and the wider African continent.
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14 August 2026
AfDB and CDP back North Africa-focused fund
The African Development Bank Group has approved a $15 million equity investment in the RMBV North Africa Fund III to support growth companies with a special focus on consumer growth sectors and expanding access to jobs and quality goods and services.
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Member News
6 August 2026
PIC on behalf of the GEPF backs Climate Fund Managers
Cape Town, 6 August 2026: Climate Fund Managers, a climate-focused blended finance investment manager, today announced the first close of SA-H2 Fund (SA-H2), also known as Climate Investor Three (CI3) South Africa, with ZAR 3.0 billion (~USD 182 million¹) commitments.
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6 August 2026
Africa50 secures US$50mn from Cassa Depositi e Prestiti and Proparco
Dar es Salaam, Tanzania - 6 August 2026 - The Infra for Africa Forum and Africa50 General Shareholders Meeting, hosted by the Government of the United Republic of Tanzania, kicked off in Dar es Salaam on Wednesday 5 August 2026. The global gathering takes place at Julius Nyerere International Convention Centre, from 5-6 August 2026 and convenes heads of state, private investors, developers, and experts to advance action that unlocks next-generation infrastructure and finances Africa’s economic transformation.
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4 August 2026
BII commits US$20mn to Africa50 Infrastructure Acceleration Fund
British International Investment (BII), the UK’s development finance institution, has committed $20 million to the Africa50 Infrastructure Acceleration Fund, joining the African Development Bank Group, the International Finance Corporation (IFC) and more than 20 African institutional investors in backing the vehicle.
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Member News
20 July 2026
I&P managed FASA commits US$8mn to Acumen Resilient Agriculture Fund II
FASA has committed $8 million to Acumen Resilient Agriculture Fund II (ARAF II), a blended finance fund investing in high-growth agricultural businesses across East, West and North Africa. This is FASA’s second investment, announced a few weeks after its first commitment to Catalyst Fund.
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16 July 2026
FMO commits US$12.5mn to Acumen Resilient Agriculture Fund
FMO, the Dutch entrepreneurial development bank, has committed USD 12.5 million to Acumen Resilient Agriculture Fund II (ARAF II), an impact investment fund that focuses in agribusinesses supporting smallholder farmers across Africa adapt to climate change, improve their livelihoods and strengthen food security. Building on the success of ARAF I, which reached more than 3 million smallholder farmers, ARAF II will expand from East and West Africa into North Africa and aims to benefit at least 4 million additional farmers.
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16 July 2026
ARAF raises an additional US$90mn
The next chapter for Acumen’s investment platform for climate-resilient agri- and food businesses is backed by Green Climate Fund, FMO, Proparco, Swedfund, BIO, and FASA, and will serve millions of smallholder farmers.
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15 July 2026
TLG Capital's debt fund closes series II at ₦20.69bn, oversubscribed
Nigeria’s pioneer Naira-denominated Private Debt Fund, FCMB-TLG Private Debt Fund, records 103.43% subscription, deepening the pool of long-term local-currency capital available to mid-sized companies
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7 July 2026
Kuramo Capital Management announces investment platform closings
Kuramo Capital Management has announced the closing of several mandates representing approximately $500 million equivalent of primarily local funding from African pension funds and African development finance institutions.
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7 July 2026
Swedfund invests an additional US$5mn in the TLG Africa Growth Impact Fund II
Swedfund is investing an additional USD 5 million in TLG Africa Growth Impact Fund II (TLG II). The investment will further support the preservation and creation of decent jobs in small and medium sized companies that otherwise struggle to access financing.
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6 July 2026
Kuramo Capital announces successful first close of NGN48bn Kuramo Africa Opportunity Fund IV L.P
Kuramo Capital Limited is pleased to announce the successful first close of Kuramo Africa Opportunity Fund IV L.P., securing commitments of NGN48 billion from local institutional investors. It reached this milestone by receiving commitments from five local Pension Fund Administrators in Nigeria. This is the first successful close of a local currency fund for a pure private equity play (outside of infrastructure funds) in Nigeria.
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6 July 2026
Sango Capital appointed to manage US$460mn across three African fund portfolios
Johannesburg, SA, July 6th, 2026: Sango Capital has been appointed manager of approximately $460 million in committed capital across three African fund portfolios following a management change initiated by a consortium of institutional limited partners. The appointment extends Sango's platform of secondaries, continuation vehicle, and portfolio management solutions for institutional LPs in African private markets.
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6 July 2026
Standard Bank backs Adenia Partners
Standard Bank, Africa’s biggest bank by assets, has successfully delivered a holistic financing solution to Adenia Partners, enabling the private equity firm to acquire a controlling stake in Minet Holdings, a leading pan-African insurance brokerage business operating across nine countries.
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Member News
2 July 2026
Kuramo Capital appointed as manager of iDICE Fund of Funds
Kuramo Capital Management is pleased to announce its appointment as the Manager for the iDICE Fund-of-Funds, under the Investment in Digital and Creative Enterprises (iDICE) programme led by the Bank of Industry (BOI) and supported by African Development Bank (AfDB), Islamic Development Bank (IsDB) and French Development Agency (AFD).
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29 June 2026
TLG hits US$120mn AGIF II second close
Proparco, Calvert Impact, Africa Re, Swedfund, IFC, Tsao Family Office and TLG Capital announce the $120m second close of the TLG Africa Growth Impact Fund II (AGIF II), reinforcing their shared commitment to scaling innovative private credit solutions for African SMEs.
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11 June 2026
Proparco invests in Moroccan venture capital fund
Proparco, through FISEA (an AFD Group fund managed by Proparco), has become a cornerstone investor in EmergingTech Ventures Fund II, an early-stage venture capital fund dedicated to high-potential technology startups operating in Morocco, Tunisia, Senegal, and Côte d’Ivoire.
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8 June 2026
ARM-Harith reaches US$76mn First Close
ARM-Harith Infrastructure Investments Limited (“ARM-Harith”), a leading pan-African private equity fund manager focused on sustainable energy and infrastructure investment, has announced the first close of its Successor Fund, a climate transition Fund (the “Fund”) at ~US$76 million equivalent.
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5 June 2026
FSD Africa Investments' backed VC fund reaches first close
Mauritius – 5 June 2026 – 3IF Ventures (or the “Fund”), the first impact venture capital fund dedicated to Africa’s insurance start-up ecosystem, today announced the First Close of the Inclusive Insurance Investment Fund (3IF Ventures) at USD 12 million. The fund is co-anchored by FSD Africa Investments (FSDAi) and ZEP-RE (PTA Reinsurance Company), and will provide equity capital from pre-seed to Series B to early-stage businesses across Africa.
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27 May 2026
AHL Venture Partners credit fund hits US$30.5mn first close
AHL Venture Partners (“AHL”) is pleased to announce the successful first close, in less than 12 months, of the AHL Africa Credit Fund I (“ACF”) at US$30.5 million.
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19 May 2026
Investisseurs & Partenaires' fund-of-funds FASA makes its first investment
FASA (“Financing for Agri-SMEs in Africa”) has just made its first investment by committing $5 million to Catalyst Fund, a pan-African venture capital fund supporting entrepreneurs developing solutions to help communities adapt to the growing impacts of climate change, including droughts, extreme weather and food insecurity. This initial commitment helped attract additional public and private investors, allowing Catalyst Fund to reach $30 million in committed capital today.
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18 May 2026
Africa Finance Corporation approves US$100mn commitment to technology fund managers including Lightrock 
London, United Kingdom – 18 May 2026 - Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that its Board has approved a commitment of up to US$100 million to invest in Africa-focused technology fund managers.
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Member News
15 May 2026
Lightrock launches Accelerate7 following a US$500mn fund close
15 May 2026: Lightrock, the London-headquartered investment platform, today announces the launch of Accelerate7, following the final close of a USD $500 million fund dedicated to backing businesses advancing United Nations Sustainable Development Goal 7 (SDG 7).
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Member News
11 May 2026
Mastercard Foundation Africa Growth Fund anchors Nigeria-based impact fund
Young people across secondary cities in West and Central Africa are building businesses that work. They’re rebuilding food systems, creating manufacturing jobs, and solving real problems in their communities. But when they try to scale, they hit a wall. The capital they need doesn’t reach them, not because their businesses aren’t viable, but because the infrastructure to access it doesn’t exist where they are.
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7 May 2026
Impact Fund Denmark makes an additional investment of DKK 40mn in Somalia-focused fund
Impact Fund Denmark has made an additional investment of DKK 40 million in the Nordic Horn of Africa Opportunities Fund (NHAOF). The investment will increase access to capital for small and medium-sized enterprises in Somalia. This is crucial in a country that very few investors dare to enter and where the lack of long-term financing is holding back growth, investment and job creation.
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28 April 2026
Proparco invests US$5mn in Novastar fund
Novastar Ventures has announced the final close of its third fund, Africa People and Planet Fund III (NVIII), at $147 million, making it one of the largest Africa-focused venture capital funds. Alongside international investors, Proparco is supporting the fund, which invests in companies that combine economic growth with positive environmental impact, now with a pan-African approach.
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24 April 2026
Africa Finance Corporation receives commitment to its infrastructure fund
Nairobi, 24 April 2026: Africa Finance Corporation, the continent's leading infrastructure solutions provider, yesterday announced a commitment from the Development Bank of Southern Africa (DBSA) to its US$750 million Infrastructure Climate Resilient Fund (ICRF). The agreement, signed at AFC's ongoing The Africa We Build Summit in Nairobi, marks a significant step in scaling climate adaptation finance across Africa and underscores strengthening African institutional alignment around infrastructure as a catalyst for climate resilience, regional integration, and long-term economic transformation.
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31 March 2026
Novastar reaches final close of its third fund
March 31, 2026 (London): Novastar Ventures, one of the first and largest VCs investing in Africa, today announces the final close of its third fund, Novastar Ventures Africa People and Planet Fund III (NVIII), at US$147 million.
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30 March 2026
Breega receives AfDB commitment
The Board of Directors of the African Development Bank Group has approved a €7.5 million investment in the Breega Africa Seed I Fund, to support Africa’s most promising technology start-ups in their early stages.
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19 March 2026
Adenia hits US$180mn hard cap at first close and announces its first investment
Port Louis, Mauritius, 19 March 2026 – Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities across Africa, today announced the successful first close of the Adenia Entrepreneurial Fund I (AEF) at its hard cap of $180 million. This comes less than a year after the launch of the fundraising process with an original target size of $150 million and brings the total capital raised by Adenia to over $1 billion.
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12 March 2026
FSDAi et al. anchor US$50mn first close of AIIM's African Transition Acceleration Fund 
March 12, 2026 | Nairobi, Kenya— FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have jointly announced their combined anchor commitment of $50 million in catalytic capital to the first close of the African Transition Acceleration Fund (ATAF), a catalytic vehicle managed by African Infrastructure Investment Managers (AIIM). The fund, which is targeting $200 million, is designed to accelerate investment in Africa’s energy transition, vitalise economies, and create sustainable jobs. ACP and FSDAi are joined by the International Finance Corporation’s (IFC) Frontier Opportunities Fund; and several senior equity co-investors including the IFC, KfW, Proparco, and other private investors.
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12 March 2026
Proparco announces a US$15mn investment in AIIM's African Transition Acceleration Fund 
Proparco announces a $15 million investment in the African Transition Acceleration Fund (ATAF), a new pan-African fund dedicated to financing climate infrastructure at an early stage of development. The fund, managed by African Infrastructure Investment Managers (AIIM), has reached a first close as part of a targeted USD200 million fundraising.
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10 March 2026
Mediterrania Capital Partners announces the first closing of  its second fund dedicated to real estate investment in Morocco, with investor commitments reaching MAD 380mn
Casablanca, 10th March 2026 – Mediterrania Capital Partners Gestion, a Private Equity fund management company, announces the first closing of MCP RE II FPCC RFA, its second fund dedicated to real estate investment in Morocco, with investor commitments reaching MAD 380 million.
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2 March 2026
RH Managers announces the launch of R75mn impact-driven fund 
Johannesburg, South Africa, 02 March 2026 – RH Managers, a Johannesburg based private equity firm in partnership with the Small Enterprise Development Finance Agency (SEFDA), has announced the launch of R75 million impact-driven fund to empower private medical professionals, expand access to quality healthcare in underserved communities, and help address the persistent underemployment of doctors in South Africa. The Doctor SME Fund is designed to address the funding gap faced by early- and growth-stage doctor-led healthcare businesses operating in underserved urban and peri-urban communities.
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14 February 2026
EG Capital welcomes  anchor African Investor in the EG-EEF Fund
EG Capital is pleased to announce that Global Africa Growth Corporation (GAGC) has joined the EG-Economic Empowerment Fund (EG-EEF) as an investor.
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13 February 2026
Proparco joins first close of DPI’s fund
Proparco, the French development finance institution participated to the first closing of ADP IV, DPI’s latest fund, alongside other Development Finance Institutions (DFI) as well as private investors.
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11 February 2026
Delta40 raises US$20mn
New York, New York – February 11, 2026 — Delta40 today announced $20 million in funding secured to support its integrated Venture Studio and Fund. The milestone marks Africa’s first institutional raise linking venture building and early-stage capital, merging investment with hands-on studio support from experienced operators to build and scale startups across the continent.
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8 February 2026
Swedfund invests US$15mn in a food fund
Swedfund is investing USD 15 million in Phatisa Food Fund 3, which focuses on established companies across the food value chain in multiple African markets. The investment aims to improve food security, support decent job creation, and contribute to more resilient and sustainable food systems.
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5 February 2026
Proparco commits to Helios Climate Fund
By investing in the Helios Climate Fund, Proparco is deepening its strategic partnership with Helios Investment Partners and reaffirming its ambition to accelerate Africa’s low-carbon transition by mobilizing private capital for sustainable climate and economic impact.
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28 January 2026
XSML Capital closes African Rivers Fund IV at US$142mn
January 28, 2026 – XSML Capital, a leading provider of growth capital to SMEs in African frontier markets, today announced the final close of African Rivers Fund IV (ARF IV) at US$ 142 million, exceeding its hard cap of US$ 135 million.
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19 January 2026
Sahel Capital Agribusiness Fund II reaches first close at US$29mn, makes first investment
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.
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15 January 2026
Amethis Fund III reaches final close at EUR406mn
Amethis Investment Fund Manager S.A., the alternative investment fund manager dedicated to responsible long-term growth across Europe, Africa and the Middle East, together with its partner Edmond de Rothschild Private Equity, are pleased to announce the final closing of Amethis Fund III S.C.A., SICAV-RAIF1, (“AFIII” or “the Fund”) in line with its target at EUR 406M.
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8 January 2026
Verdant Capital secures a US$15mn commitment
Micro, small, and medium-sized enterprises are essential for job creation and economic growth throughout Africa, yet they face significant challenges in accessing credit. This limits the growth potential of individual entrepreneurs.
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