Member News
6 August 2025
Sahel Capital backs agribusiness firm
Sahel Capital, a leading investment manager focused on the food and agriculture sectors across sub Saharan Africa, has successfully closed a $590,000 loan facility to Rasad Nigeria Limited through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The facility comprises $450,000 for working capital and $140,000 for capital expenditure. This transaction aligns with SEFAA’s mission to empower smallholder farmers by supporting socially responsible agribusinesses that foster inclusive growth and rural development.
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Member News
6 August 2025
Kasada secures EUR15mn debt facility for a greenfield hospitality development in Abidjan
Kasada, the leading pan-African hospitality investment platform, recently closed a €15 million debt facility provided by the Africa Go Green Fund (“AGG”), managed by Cygnum Capital. The facility will provide finance for a greenfield hospitality development in Abidjan, Côte d’Ivoire. The project, to be located in the Angré district, will feature a hotel with a total of 170 keys, co-working facilities under the Wojo brand, and a dedicated MICE (Meetings, Incentives, Conferences, and Exhibitions) venue. This will be the first international branded hotel in the Angré area and Kasada’s 5th hotel in Abidjan, strengthening its footprint and commitment to deliver sustainable best-in-class hospitality in the Abidjan market.
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Member News
5 August 2025
TLcom Capital, Enza Capital, et al. back South African Travel Fintech
Travel‑centric fintech TurnStay has closed a $2 million seed financing round.
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Member News
1 August 2025
Mediterrania Capital Partners and CDG Invest Growth invest in Dislog Dispositifs Médicaux
30-07-2025; Casablanca. Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce its investment in Dislog Dispositifs Médicaux (DDM) through a DM 540 million capital increase together with CDG Invest Growth. This fund-raising – the largest in Dislog’s history – has marked a decisive turning point in the development of its healthcare division.
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Member News
29 July 2025
Helios backs SUN Mobility
Bengaluru (INDIA) / London (UK), July 29, 2025: Helios Climate (“HC”), Africa’s premier climate-focused investment platform, in partnership with the Private Infrastructure Development Group (PIDG), today announced a landmark investment in SUN Mobility, a global leader in energy infrastructure and battery swapping solutions for electric vehicles.
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Member News
29 July 2025
LeapFrog Investments makes full exit from Goodlife Pharmacy
Nairobi, Kenya: LeapFrog Investments, the pioneering Profit with Purpose investor, today announces its successful exit from Goodlife Pharmacy, East Africa’s largest retail pharmacy platform. The business has been acquired by CFAO Healthcare, a leading distributor of pharmaceutical and medical products in Africa.
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Member News
24 July 2025
SIFEM invests in the Alterra Africa Accelerator Fund I
SIFEM is pleased to announce an investment in the Alterra Africa Accelerator Fund I, a pioneering fund focused on providing catalytic capital and hands-on support to early-stage, high-growth businesses across Africa.
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Member News
22 July 2025
Verod exits TAG West Africa 
Verod Capital Management Limited ("Verod") is pleased to announce the successful exit of Verod Capital Growth Fund II from TAG Investments EW Africa Limited ("TAG West Africa") with Transnational Academic Group Limited (existing shareholders) acquiring Verod’s stake. TAG West Africa owns and operates the Lancaster University Ghana campus in academic partnership with Lancaster University, UK.
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Member News
18 July 2025
African Development Bank makes a US$40mn equity investment in Project Zafiri
The Board of Directors of the African Development Bank has approved a $40 million equity investment in Project Zafiri, a transformative equity platform and flagship initiative under Mission 300. This investment will accelerate the expansion of renewable energy access across Africa.
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Member News
16 July 2025
AIIM exits renewable energy investments
As South Africa grapples with ongoing electricity shortages and a heavy reliance on aging coal-fired power plants, renewable energy remains critical to ensuring long-term energy security and economic stability. With a strong secondary market emerging for renewable energy assets, strategic investment and successful exits are becoming increasingly important in shaping the future of the country's energy landscape.
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Member News
15 July 2025
BII, Swedfund, et al. launch Growth Investment Partners Zambia
British International Investment (BII), the UK’s development finance institution and impact investor, Zambia’s National Pension Scheme Authority (NAPSA) and Swedfund today announced the launch of Growth Investment Partners Zambia (GIP Zambia). This pioneering investment company is designed to provide long-term, flexible capital, primarily in local currency to small and medium-sized enterprises (SMEs) in Zambia.
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Member News
14 July 2025
Verdant Capital completes a US$3mn investment in Bfree
The investment will support Bfree’s distressed loan portfolio financing in Africa, thereby improving the credit scores of the distressed borrowers, enabling them the access to credit from financial institutions in the future.
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Member News
11 July 2025
Norton Rose Fulbright advises Kholo Capital on R200mn investment
Norton Rose Fulbright South Africa has advised Kholo Capital Fund Managers (Pty) Ltd, acting on behalf of Kholo Capital Mezzanine Fund I Partnership, on its R200 million investment into Bayport Securitisation (RF) Ltd.
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Member News
10 July 2025
Alitheia Capital et al. invest in Hinckley E-Waste Recycling
Alitheia Capital and Goodwell Investments are pleased to announce their investment in Hinckley E-Waste Recycling Ltd. This impact-focused funding will enable the award-winning, Nigeria-based recycler to create a healthier environment, safer jobs, and improved livelihoods throughout its region of operations.  
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Member News
9 July 2025
IFC and Proparco back Helios Sports and Entertainment
Washington, D.C., July 9, 2025: In a significant move to accelerate job creation and enhance the competitive sports and entertainment sector in Africa, IFC, a member of the World Bank Group, and Proparco, a subsidiary of the Agence Française de Développement Group (AFD Group), today announced an equity investment of up to $50 million in Helios Sports and Entertainment (“HSEG”), an investment vehicle dedicated to sport, media and entertainment across Africa.
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Member News
7 July 2025
Sahel Capital invests in a Kenyan-based fish processing company
Sahel Capital, a leading food and agriculture-focused investment manager in sub-Saharan Africa, has closed a $1,000,000 loan facility—comprising $800,000 for capital expenditure and $200,000 for working capital—through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The investment supports SEFAA’s mission to expand economic opportunities for smallholder farmers by empowering the social enterprises that serve them.
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Member News
7 July 2025
Adenia Partners announces two promotions in its leadership team
We are pleased to share two important promotions in our leadership team that reflect our continued growth and highlight strength and depth of team we’re building at Adenia Partners.
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Member News
7 July 2025
Development Partners International signs US$190mn investment into Egypt’s private healthcare group
London and Cairo, 07, July 2025 – Development Partners International (“DPI”), through funds it advises, and co-investors, have signed a binding agreement for a $190 million minority stake investment in Alameda Healthcare (“Alameda” or the “Group”), Egypt’s leading private healthcare group (the “Transaction”). The Transaction, which is primarily a capital increase, is subject to obtaining the relevant regulatory and other approvals and is expected to close in Q3 2025.
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Member News
6 July 2025
TLG Capital et al. invest US$6.5mn in Nairobi-based Ark Group
Kenya’s SME financing ecosystem has just marked a significant milestone. TLG Capital, a leading private credit fund specialising in sub-Saharan Africa, has finalised a first-of-its-kind SME transaction with the Development Bank of Kenya.
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Member News
3 July 2025
Alterra Capital Partners announce sale of TICT business
Global investment firm Carlyle (NASDAQ: CG) today announced it has agreed to sell Safety SA, a South African testing, inspection, certification and training (“TICT”) business, to Centre Testing International Group Co., Limited (“CTI”). The financial details of the transaction were not disclosed.
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Member News
23 June 2025
AfricInvest exits AFG Holding 
AfricInvest is pleased to announce its successful exit from AFG Holding, marking the culmination of a high-impact partnership that has significantly propelled the Group’s regional expansion and institutional transformation.
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Member News
23 June 2025
BII and PIC sign a Memorandum of Understanding (MoU) to accelerate collaboration in investments across Africa
British International Investment (BII) and the Public Investment Corporation (PIC) and have signed a Memorandum of Understanding (MoU) to accelerate collaboration in investments across the African continent.
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Member News
19 June 2025
Oasis Capital exits its investment in Mansa Bank Cote d’Ivoire
Abidjan, Côte d’Ivoire – Oasis Capital, an SME growth investor in West Africa, is proud to announce the exit of its investment in MANSA BANK Côte d’Ivoire, a fast-growing bank in Côte d’Ivoire. This exit marks the first full exit of Oasis in the Francophone market and the second of the Oasis Africa Fund I portfolio.
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Member News
18 June 2025
Metier exits its investment in Master Plastics
Master Plastics (Pty) Limited (“Master Plastics”) is proud to announce the next chapter in its growth journey, enabled by a strategic funding package comprising equity and structured debt support from Nedbank CIB (“Nedbank”) and Investec Investment Banking (“Investec”). This transaction was completed in partnership with Manley Diedloff (CEO of Master Plastics) and Metier Private Equity (“Metier”), an existing shareholder, and positions the business for further growth.
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Member News
17 June 2025
P1 Ventures and LoftyInc Capital back Salus Cloud
Over the last 15 years, Andrew Mori has built technology products and led engineering teams for businesses across Africa. After leaving Konga, where he was the eCommerce company’s Director of Technology, he started Deimos, a cloud solutions provider that has previously been named one of Africa’s fastest-growing companies.
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Member News
12 June 2025
AfricInvest leads R200mn funding round for Nile with a co-investment from FMO
AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF), has led a R200m funding round for Nile.ag, a leading agricultural technology platform, with a co-investment from FMO, the Dutch entrepreneurial development bank, as well as renewed support from existing investor, Platform Investment Partners.
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Member News
10 June 2025
Amethis announces the appointment of Muhummud Sheik as investment manager in South African office
We are delighted to announce the arrival of Muhummud Sheik as an Investment Manager in our new South African office. Muhummud and Investment Director Marieke Geurts will be leading our South African transactions and the establishment of this new office.
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Member News
7 June 2025
AfricInvest's the Franco-African Fund exits its investment in Mathevon
Paris, May 27, 2025 – AfricInvest Europe announces the exit of the Franco-African Fund from Mathevon, a leading French industrial company specializing in high-precision machining.
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Member News
5 June 2025
Two new senior advisors to join 4DX Ventures
ACCRA, GH / ACCESS Newswire / June 5, 2025 / 4DX Ventures, a leading pan-Africa venture capital firm investing primarily in early-stage technology companies, announced today that Mimi Alemayehou and Kurankye Sekyi-Otu have joined the firm as Senior Advisors as 4DX continues to scale its platform and deepen its impact across the continent.
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Member News
4 June 2025
Mediterrania Capital Partners announces the final close of its fourth fund at EUR600mn
04-06-2025; Malta / Mauritius / Casablanca. Mediterrania Capital Partners, a leading Private Equity firm focused on growth investments for small and medium-sized enterprises (SMEs) and mid-cap companies across North and Sub-Saharan Africa, is proud to announce the final close of its fourth fund, Mediterrania Capital IV Mid Cap (MC IV), at €600 million.
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Member News
3 June 2025
Bpifrance and Flat6Labs back WaterTech startup
Congratulations to Kumulus Water on raising €3.1M in seed funding!
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Member News
27 May 2025
Kasada secures EUR19.4mn financing for hospitality investment in Senegal
Johannesburg, South Africa – 27 May 2025 – Nedbank Corporate and Investment Banking (Nedbank CIB) has reinforced its role as a leading financier in key African markets with the successful closure of a EUR19.4 million sustainability-linked development and term loan for Kasada, the leading independent real estate private equity platform dedicated to the hospitality sector in Africa, in Senegal.
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Member News
27 May 2025
AfricInvest exits MDP
Cairo, Egypt – 27 May 2025 – MDP, a leading payments technology infrastructure group in the Middle East and Africa, is pleased to announce a new phase of growth following a strategic investment led by Lorax Capital Partners (“LCP”). The transaction marks the exit of long-time partner AfricInvest, whose support has been instrumental to the group’s expansion in recent years.
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Member News
23 May 2025
British International Investment invests US$5mn in electric motorbike company
We are delighted to support ARC Ride which provides affordable, reliable and clean e-mobility solutions for rapidly developing cities in Kenya. The company is addressing the challenge by providing battery-as-a-service solutions that can reduce the upfront cost of electric two-wheelers and enables quicker battery swaps. Our $5m investment will fund the roll-out of 5,000 electric two-wheelers also known as Boda Boda, and expand ARC Ride’s battery swapping network across East Africa.
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Member News
23 May 2025
Standard Bank pioneers ZARONIA-linked bond issuance
The Standard Bank of South Africa Limited (“SBSA”) is proud to announce the first issuance of a listed bond in South Africa using the newly established South African Rand Overnight Index Average (“ZARONIA”) floating interest rate benchmark.
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Member News
22 May 2025
AfricInvest, FMO, and Norfund back East African financial group
Nairobi, Kenya, 21st May 2025 - I&M Group PLC has completed the capital raise of KES 4.19 billion from the sale of 86.5 million new ordinary shares to East Africa Growth Holdings (EAGH), a Mauritius-domiciled special purpose vehicle backed by leading global impact investors AfricInvest, FMO, and Norfund.
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Member News
21 May 2025
XSML Capital provides senior secured debt to a Zambian hotel
XSML Capital has provided senior secured debt to Latitude 15°, a boutique hotel in Lusaka, Zambia, to support the addition of new rooms, enhanced conference facilities, and the installation of a solar energy system.
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Member News
19 May 2025
The Africa50 Infrastructure Acceleration Fund acquires a significant stake in Mass Céréales al Maghreb
Casablanca - May 19, 2025 – The Africa50 Infrastructure Acceleration Fund (Africa50 IAF) has signed a share purchase agreement to acquire a significant stake in Mass Céréales al Maghreb (MCM), a key player in Morocco's grain handling and port logistics sector, which is expected to mark the first investment by the Fund.
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Member News
16 May 2025
AfricInvest co-leads EUR13.5mn Series B round for a a lifesaving technology platform
AURA, a lifesaving technology platform making emergency response services more accessible and affordable, has raised a €13.5 million Series B funding round co-led by the Cathay AfricInvest Innovation Fund (CAIF) and Partech. This latest round, which brings AURA’s total funding to €21 million, will fund the company’s expansion into the United States and the development of a global “clearing house” to dispatch emergency response without borders.
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Member News
15 May 2025
EG Capital announces first close of EG-Economic Empowerment Fund L.P.
NAIROBI, Kenya – May 15, 2025 – EG Capital is pleased to announce the successful completion of the first milestone in the rolling First Close of the EG-Economic Empowerment Fund L.P. (EG-EEF), with signed commitments over US$10 million, and soft commitments over USD $35 million as of Q1 2025. This achievement demonstrates strong investor confidence in EG Capital's mission to drive sustainable development in Africa through strategic private debt investments in high-growth SMEs.
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Member News
15 May 2025
Aruwa Capital Management invests US$1.5mn in safety footwear manufacturer
Aruwa Capital Management, a growth equity and gender-lens fund investing in Nigeria and Ghana, is pleased to announce a $1.5 million investment in Yikodeen Company Limited ("Yikodeen" or the "Company"), a leading local manufacturer of safety and industrial footwear company. Aruwa Capital was the sole investor in the round and completed the investment from its sophomore fund, Aruwa Capital Fund II.
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15 May 2025
PIC appoints Patrick Dlamini as the new Chief Executive Officer
Pretoria, 15 May 2025 – The Board of Directors of the Public Investment Corporation (PIC) welcomes the confirmation by Cabinet of Mr. Patrick Dlamini as the new Chief Executive Officer (CEO) of the PIC, South Africa’s state-owned asset manager.
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Member News
13 May 2025
BII, FMO, Swedfund, and SIFEM jointly commit to a private credit fund
BluePeak Private Capital, a leading alternative asset management firm dedicated to small—and medium-sized growth companies, has secured a $80 million first close for its new fund. BluePeak Private Capital Fund II (BPCF II) is an impact-driven private capital fund that seeks to provide its investors with superior risk-adjusted returns and downside protection by investing in scalable businesses operating in Africa across several sectors. The fund is the successor to BluePeak Private Capital Fund I.
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13 May 2025
IFC announces investment in AfricInvest Group's Small Cap Fund
IFC - International Finance Corporation is investing in AfricInvest Group's Small Cap Fund. This investment is part of IFC's SME Ventures program and its mission to help close the financing gap for SMEs in emerging economies – in Africa alone, private equity investment remains among the lowest globally, representing only 3% of total investments in emerging markets.
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7 May 2025
Afreximbank launches US$1bn Africa Film Fund
Kigali, Rwanda 07 May 2025: African Export-Import Bank (Afreximbank), through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), has committed to spearhead the launch of the Africa Film Fund (‘the Fund’) as part of its Creative Africa Nexus Programme (CANEX). This transformative undertaking of up to US$1 billion is designed to revolutionize Global Africa’s film and creative industry.
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7 May 2025
Norfund backs Aruwa Capital and Ventures Platform portfolio company
Norfund has made its first direct equity investment in African fintech through OmniRetail, a Nigerian technology platform that provides small shops in Nigeria, Ghana, and Côte d’Ivoire with access to credit, fast product delivery, and digital payment solutions.
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7 May 2025
DEG invests EUR13mn in Amethis Fund III
DEG is investing EUR 13 million in Amethis Fund III, continuing its long-standing partnership with Amethis. The fund focuses on North and Sub-Saharan Africa, supporting mid-sized companies across key sectors such as healthcare, FMCG, manufacturing, business services, financial services, and infrastructure-related industries.
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4 May 2025
Al Mada Ventures and DPI’s Nclude Fund lead US$13mn fundraise
While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure.
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2 May 2025
IFC appoints Ethiopis Tafara as its Vice President for Africa
Nairobi, Kenya, May 2, 2025—IFC today announced Ethiopis Tafara as its Vice President for Africa. In this role, Mr. Tafara will lead IFC’s investment and advisory efforts supporting job creation and private sector development across Africa, where IFC is actively driving growth in infrastructure, agribusiness, manufacturing, finance, telecoms, and other vital sectors.
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29 April 2025
Renew Capital invests in Tendo
Renew Capital invests in Tendo to empower individuals to launch ecommerce businesses through social media with no upfront capital investment in inventory.
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29 April 2025
TLG Capital announces US$75mn first close of African Private Credit Fund backed by Swedfund, Norfund, Bpifrance, IFC, et al.
London / Lagos, April 29, 2025 – To support small and medium sized enterprises in Africa—and to protect jobs at those businesses—IFC and TLG Capital today announced the first close of a new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75 million raised.
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28 April 2025
Aruwa raises US$35mn at second close
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.
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Member News
26 April 2025
Mediterrania Capital Partners exits Akdital
25-04-2025; Casablanca. Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan Africa, is pleased to announce the successful full exit of its investment in Akdital through the MC III fund. The investment has delivered exceptional financial returns and measurable impact outcomes.
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23 April 2025
AHL Venture Partners et al. back agri-commodity trading business
Blue Earth Capital (“BlueEarth”), a global specialist impact investor, today announces a $ 25 million private credit commitment to Robust International (“Robust”), a leading global processor and exporter of agricultural commodities focused on cashew and sesame seeds. The investment, in which BlueEarth’s investment vehicles participated alongside co-investors AHL Venture Partners and Ceniarth, marks BlueEarth’s third sustainability-linked loan and will help Robust improve its in-country sourcing capabilities, increase value-addition processing capabilities in Nigeria, and support sustainable growth for smallholder farmers.
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22 April 2025
Mediterrania Capital Partners exits FMCG firm in North Africa
Casablanca. Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce its successful exit from Dislog, a market leader in the manufacture and distribution of key fast-moving consumer goods (FMCG) in Morocco.
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Member News
16 April 2025
Co-Chief Investment Officer, Peter Maila, to leave FMO
As of 1 July 2025, Peter Maila, our Co-Chief Investment Officer, will continue his career at Zvilo, a supply chain finance company headquartered in London. Peter was an early investor in the company and will now lead Zvilo’s expansion into the African market as CEO Africa. Peter will conclude his work at FMO at the end of June.
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15 April 2025
FSD Africa Investments commits GBP10mn to ARM-Harith
Nairobi, 15 April 2025, 10AM EAT: FSD Africa Investments (FSDAi), the UK-backed specialist development finance investor, is investing GBP 10 million into ARM-Harith’s Climate and Transition Infrastructure Fund (ACT Fund) to unlock local institutional capital for climate infrastructure. ARM-Harith Infrastructure Investment Limited is a leading African private equity firm committed to catalysing economic growth through sustainable infrastructure.
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15 April 2025
Development Partners International launches DPI Venture Capital
London and Cairo – 15 April, 2025 – Development Partners International LLP (“DPI”) is announcing the launch of DPI Venture Capital which will target investments in early stage, growth-orientated technology businesses across Africa.
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9 April 2025
AfricInvest leads US$4mn investment in a fintech company
Build Ventures, Axian Group, Mistral, Island Capital Partners, Concrete, and others contribute to the round to fund accelerated growth in payment operations automation.
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8 April 2025
Sahel Capital backs agribusiness company
Sahel Capital, an investment manager specialising in the food and agriculture sectors across sub-Saharan Africa, has provided a $500,000 working capital loan to Tafalo, through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
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8 April 2025
Swedfund commits EUR26mn to AfricInvest’s FIVE platform
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.
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7 April 2025
Verdant Capital commits additional US$4.5mn to LOLC Africa
The investment will support LOLC’s global expansion strategy in Africa, by financing MSMEs, thereby fostering financial inclusion, employment creation, income generation, and economic growth.
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3 April 2025
Janngo Capital, Oikocredit, and Enza Capital in digital banking deal
Djamo is one of several digital banking startups targeting Africa’s underbanked. But unlike many that focus on large markets like Nigeria, Egypt, or South Africa, Djamo has carved out a niche in Francophone West Africa, specifically the Ivory Coast and, more recently, Senegal. It now serves over 1 million customers across both countries.
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2 April 2025
PIC commits US$40mn to Africa50
Casablanca, Morocco, 2 April 2025 - Africa50 Group, the pan-African infrastructure investor and asset manager, today announced that the Public Investment Corporation (PIC), representing the Government Employees Pension Fund (GEPF) of South Africa, has made an investment of US$40 million, becoming its 36th shareholder.
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25 March 2025
Renew Capital invests in a payment service provider
JOHANNESBURG, South Africa, March 25, 2025 – NjiaPay, a payment service provider (PSP), is changing the payment landscape for South African businesses. NjiaPay offers a single integration for merchants, eliminating the need to manage multiple integrations. With features like intelligent routing, built-in redundancy and centralized reconciliation and data management, NjiaPay ensures a seamless payment experience and enhanced payment success rates.
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21 March 2025
Inside Capital gets commitment from Norfund
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.
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20 March 2025
DEG is increasing its stake in Mediterrania Capital fund
DEG is continuing its long-standing collaboration with Mediterrania Capital Partners and is increasing its stake in the latest fund Mediterrania Capital IV Mid-Cap by a further EUR 15 million, bringing the total amount invested to EUR 25 million. The private equity fund invests across core sectors essential to economic development in North Africa and French-speaking markets in West Africa.
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20 March 2025
Alitheia Capital et al. exit Baobab Nigeria
Alitheia Capital and Goodwell Investments are excited to announce the first exit of their joint uMunthu Fund: Baobab Nigeria, a financial institution creating meaningful impact in sub-Saharan Africa by providing inclusive banking services to individuals and MSMEs in underserved areas. More than 12 years after investing in Baobab Nigeria (first via their GWAMDC fund and later uMunthu), Alitheia and Goodwell have now exited the investment. This is not only a testament to the impressive growth and financial stability Baobab Nigeria has achieved with the support of these two investors, but it also proves the ability of patient capital to drive both financial and impactful returns.
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20 March 2025
Swedfund commits EUR15mn to the AfricInvest Small Cap Fund
Swedfund has committed EUR 15 million to the AfricInvest Small Cap Fund, a private equity initiative focused on supporting small and medium-sized enterprises (SMEs) across Africa.
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17 March 2025
Alterra announces a US$20mn commitment from British International Investment
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.
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13 March 2025
Africa50 et al. to launch US$500mn DRE Nigeria Fund
Bridgetown, Barbados, 12 March 2025 – The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA) and Africa50 today announced an innovative partnership for a US$500 million DRE Nigeria Fund to develop and finance distributed renewable energy (DRE) projects in Nigeria. NSIA, SEforALL and Africa50 signed the Fund’s Heads of Terms agreement at the SEforALL Global Forum in Barbados.
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12 March 2025
IFC partners with Standard Bank to provide US$250mn loan for green building and affordable housing in South Africa
Johannesburg, South Africa, March 12, 2025 – To support the construction and purchase of green buildings and homes in South Africa, including in the affordable housing sector and for women home-owners, IFC today announced a loan to The Standard Bank of South Africa Limited (Standard Bank), the country’s largest bank by asset value.
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11 March 2025
IFC backs Kazyon Group
Cairo, Egypt, March 11, 2025 – IFC is extending its partnership with Kazyon Group to support the development and expansion of Morocco’s discount grocery retail sector, improving access to quality food and creating tens of thousands of jobs, especially for young people and women in rural areas across the country.
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8 March 2025
Norfund's Climate Investment Fund invests in South African energy platform
The Climate Investment Fund is investing in a new South African platform for renewable energy, operated by Pele Green Energy Group. The capital will finance projects that will avoid 1.9 million tons of CO2.
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7 March 2025
Alterra invests in Java House
7 March 2025 - Leading African private equity firms Alterra and Phatisa have signed agreements to acquire 100% of Java House Africa (“Java House” or the “Company”) from emerging-market investor Actis, for an undisclosed sum. The investment marks a significant milestone in Java House’s growth journey, reinforcing its position as a category leader on the continent.
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6 March 2025
Adenia Partners welcomes Franck Falézan to Investment Committee
Adenia Partners, a leading private equity firm focused on growth opportunities in Africa, has appointed Franck Falézan to the Investment Committee of Adenia Capital IV, and its most recent oversubscribed flagship fund, Adenia Capital V. A highly accomplished investment professional and entrepreneur, Falézan brings over 25 years of experience in strategic leadership to the role.
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5 March 2025
LoftyInc Capital announces US$43mn first close of its new LoftyInc Alpha Fund with commitments from FMO, Proparco, IFC, et al.
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.
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3 March 2025
Sahel Capital invests US$400k in MM LEKKER through working capital loan
Sahel Capital, a prominent investment manager in the food and agriculture sector in sub-Sahara Africa, has successfully closed an investment of US$400,000 working capital loan through its Social Enterprise Fund for Agriculture in Africa (SEFAA). SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them.
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27 February 2025
Helios receives EIB commitment for Fund V
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.
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25 February 2025
Alterra Capital Partners acquires majority stake in East African travel group
Nairobi, Kenya / Johannesburg, South Africa – Alterra Capital Partners (“Alterra”) is pleased to announce a strategic investment in ARP Africa Travel Group (“ARP Africa”), partnering with the founding family to accelerate expansion across East Africa and beyond.
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Member News
20 February 2025
BII, Swedfund and Norfund invest US$85mn in the specialist investor transforming agriculture across sub-Saharan Africa
British International Investment (BII), the UK’s development finance institution and impact investor, alongside Swedfund and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The equity investment comprises up to $50 million from BII, $20 million from Swedfund, and $15 million from Norfund, with the funding aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas.
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Member News
20 February 2025
ARAF portfolio receives investment from BII 
British International Investment has announced an additional $4 million investment in SunCulture, a Kenya-based company that designs, manufactures, finances, and services solar energy systems and irrigation equipment.
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Member News
19 February 2025
Renew Capital and Janngo Capital lead investment in Dabchy’s Pre-Series A funding round
Tunis, February 18, 2025 – Dabchy, the pioneering circular e-commerce marketplace for second-hand fashion and goods in the Middle East and North Africa (MENA) region, announces the successful closing of a pre-Series A funding round – a substantial seven-figure investment that ranks as the third largest by an international venture capital firm in Tunisia over the past two years. The round was led by Janngo Capital, Africa’s largest gender-equal tech VC fund, recently backed by the Tunisian Fund of Funds ANAVA, alongside strategic co-investors, including the American venture funds Renew Capital and Village Capital. Several committed business angels also participated, including Karim Beguir, the founder of InstaDeep, one of Tunisia’s most renowned startups.
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Member News
13 February 2025
African Infrastructure Investment Managers announces two new key appointments to spearhead its African Transition Acceleration Fund
African Infrastructure Investment Managers (AIIM), Africa’s largest dedicated sustainable infrastructure equity manager, today announced two new key appointments to spearhead its African Transition Acceleration Fund (ATAF 1) - Lisa Pinsley, as the Fund Head and new member of the AIIM Executive Committee, and Zoë Pierre, as Investment Manager.
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Member News
13 February 2025
European Investment Bank, Proparco, et al. invest in African fund
During the EIB Group Day, the European Investment Bank (EIB) and Investisseurs & Partenaires (I&P) announced the signing of a financial partnership worth €15 million for the new I&P Afrique Entrepreneurs 3 (IPAE 3) fund. The signing ceremony was attended by EIB Vice-President Ambroise Fayolle as well as Jérémy Hajdenberg and Sébastien Boyé, co-CEOs of Investisseurs & Partenaires (I&P).
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Member News
13 February 2025
Sango Capital acquires a majority of the Limited Partner interests in Synergy Private Equity Fund II
Sango Capital has acquired a majority of the Limited Partner (LP) interests in Synergy Private Equity Fund II L.P., strengthening its partnership with Synergy Managers (Mauritius) Limited, which remains the General Partner (GP). This follows Sango’s earlier acquisition of majority LP interests in another Synergy-managed fund, enabling deeper collaboration across both portfolios.
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Member News
12 February 2025
Raenest secures US$11mn series A with backing from Ventures Platform, P1 Ventures, Seedstars Africa Ventures, et al.
Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M.
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Member News
11 February 2025
Renew Capital and Enza Capital back Affinity in US$8mn seed round
Accra & London, February 11th, 2025 - Affinity Africa announces it has raised US$8 million in an oversubscribed Seed Round led by Grazia Equity and BACKED VC to accelerate its mission of delivering affordable and accessible financial services to the underserved and unbanked communities. The digital banking platform, which focuses on individuals and micro, small, and medium enterprises (MSMEs), officially launched in Ghana in October 2024 and has onboarded over 50,000 customers to date, 65% of whom never had access to formal banking products and over 60% are women operating in the informal sector.
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Member News
11 February 2025
P1 Ventures closes its US$50mn VC fund
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.
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Member News
7 February 2025
Amethis and Proparco announce exit from the capital of Merec
In 2018, a consortium led by Amethis and its partners Proparco and Kibo Capital Partners made a strategic investment in Merec, a dominant player in flour milling and secondary processing in Mozambique, aiming to support the company in expanding its manufacturing facilities and its diversification into a regional FMCG group specializing in wheat-based products.
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Member News
7 February 2025
Sahel Capital provides US$500k loan to Agriarche to support smallholder farmers in Nigeria
Sahel Capital through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has provided a $500,000 working capital loan to Agriarche LLC, a Nigerian company dedicated to improving market access for smallholder farmers.
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Member News
7 February 2025
Adenia Partners welcomes Rinolan Moodley as a Partner for South African office
Adenia Partners is delighted to welcome Rinolan Moodley as a Partner based in our South Africa office, helping us to capitalize on emerging opportunities across Southern Africa and enhancing our ability to deliver superior value to our investors.
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Member News
6 February 2025
Proparco and FMO invest in sustainability-focused fund
Proparco supports Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investment, which is gathering a coalition of investors to support developments in regenerative agriculture, agroforestry, and sustainable forestry in emerging markets. These targets are closely aligned with Proparco’s recently developed Natural Capital strategy.
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Member News
5 February 2025
Axian and Proparco invest in VC fund
Saviu Ventures, one of the leading Venture Capital firmsin Francophone Africa, has reached the second close of Saviu II, its second fund, with support from institutional investors including the Dutch Good Growth Fund, Proparco, and AXIAN Investment, to continue investing in the region's most promising startups.
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Member News
5 February 2025
Adiwale Partners invests in West African producer of organic pineapple juice
Mauritius/Abidjan, 5 February 2025 – Adiwale Fund I announces its investment in Jus Délice, the leading West African producer of organic pineapple juice and concentrate, based in Togo. This investment will enable the financing of a new production line and the exit of Moringa, a fund established by Edmond de Rothschild, and a majority investor in the company since 2018.
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Member News
30 January 2025
Verdant Capital announces the completion of its US$2mn mezzanine investment in UsPlus
The investment will support UsPlus’ expansion of working capital solutions tailored to Small to Medium Enterprises (SMEs) operating across various critical sectors in South Africa.
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Member News
27 January 2025
AfricInvest secures EUR10mn commitment from Proparco
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.
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Member News
27 January 2025
P1 Ventures receives backing from Egypt's fund of funds
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.
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Member News
23 January 2025
DEG invests in South African online insurance platform
DEG is providing South African online insurance platform Naked with USD 4 million in equity capital. This new injection of capital will support the company’s growth by deepening its investment in automation and AI, product and market expansion, and enhancing advertising to attract and grow its customer base. DEG first invested in Naked in 2023. The total volume of the current round of financing is approximately USD 38 million. The investors also include global impact investor BlueOrchard and the existing backers IFC (a member of the World Bank Group), Yellowwoods and Hollard.
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Member News
23 January 2025
Nigerian banking services platform is backed by Lightrock, DPI, BII, et al.
Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic investment” from the global payments giant as both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises (SMEs) across Africa.
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Member News
22 January 2025
Adiwale Fund I announces a follow-on investment in Enko Education
Mauritius/Abidjan, 22 January 2025 - Adiwale Fund I (“Adiwale”) announces a follow-on investment in Enko Education, a group of African international schools, to support its expansion across the continent. With 16 schools across 10 African countries (Botswana, Burkina Faso, Cameroon, Côte d’Ivoire, Mali, Mozambique, Senegal, South Africa, Togo and Zambia), Enko Education is the largest network of International Baccalaureate schools in Africa. It provides quality education to 7,500 students, half of which are female.
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Member News
21 January 2025
Renew Capital invests in a fintech company 
NAIROBI, Kenya, January 21, 2025 — Sevi, a fintech company regulated by the Central Bank of Kenya, is revolutionizing stock financing for wholesalers and retailers through its “stock now, pay later” platform. Sevi addresses the challenge of insufficient working capital by providing users with access to credit while ensuring suppliers are paid upfront.
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Member News
14 January 2025
Novastar Ventures backs Sistema.bio
London and Nairobi, January 14, 2024—Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide, announces Novastar Ventures as its newest investor. Novastar has joined Sistema.bio’s recent internal financing round of USD 7.75 million with a USD 3.5 million investment. This will accelerate Sistema.bio’s expansion into new African markets, new agricultural and energy products and its overall growth.
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Member News
13 January 2025
Intercontinental Trust appoints Varounen Goinden as Chief Operating Officer
Holder of an MBA from IAE Paris Sorbonne Business School and from Université Paris Dauphine and Fellow Member of the Association of Chartered Certified Accountants (FCCA), Varounen Goinden brings extensive expertise in the international financial services sector. His professional career is marked by strategic positions, notably as Director of Operations of Management Companies and Head of Business Development for Mauritius, India and Africa.
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