Member News

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.

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.

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.

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.

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.

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.

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.

EG Capital is pleased to announce that Global Africa Growth Corporation (GAGC) has joined the EG-Economic Empowerment Fund (EG-EEF) as an investor.

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.

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.

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.

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.

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.

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.

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.

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.