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
Luanda, Angola – 25 March 2026 – BFA Asset Management (“BFAAM”), through its Private Impact Fund (the “Kimbo Fund”), today announces a USD 1.2 million strategic growth investment in ANDA, an Angolan company specialising in urban and inter-municipal transport and logistics solutions.
The transaction is more than a capital deployment. It is a meeting of two kindred journeys – and a shared conviction that Angola’s most promising companies deserve the same calibre of institutional backing found anywhere in the world.
Different Roads, Same Destination
Rui Oliveira, CEO of BFAAM, is a former investment banker from Citi and Morgan Stanley studied at the University of Oxford and Imperial College London before building a career in global capital markets. Sergio, ANDA’s founder, trained at MIT and also a former banker from Goldman Sachs. Both followed paths that could have kept them abroad indefinitely – on trading floors, in boardrooms, in cities where the infrastructure was already built and the playbooks already written.
Instead, both chose to come home.
Rui returned to build an institutional-grade asset management platform from Luanda – one that applies the rigour of global capital markets to the opportunities that exist right here. Sergio came back to solve a problem he saw every day growing up: the gap between where people are and where they need to be. Both were told, in different ways, that what they wanted to build couldn’t be built from Angola. Both decided to do it anyway.
This investment is what happens when two misfits who refused to follow the conventional script find each other.
Why ANDA, Why Now
ANDA is currently experiencing demand that far exceeds its installed capacity – a rare and powerful signal in any market, and an unmistakable one in a sector as fundamental as transport and logistics. The Kimbo Fund’s investment will enable ANDA to capitalise on this momentum through two strategic pillars:
• Fleet modernisation and capacity expansion to meet surging demand across urban and inter-municipal routes.
• Logistics infrastructure scale-up to deepen service delivery to businesses and institutions nationwide.
In Their Own Words
“Sergio and I share something that’s hard to put on a term sheet: we both left environments where everything is already structured and came back to build something that’s truly meaningful,” said Rui Oliveira, Chief Executive Officer of BFAAM. “The Kimbo Fund exists to back founders like him – people with world-class training, deep local conviction, and the courage to build where others won’t. ANDA isn’t just a transport company; it’s proof that the next generation of Angolan entrepreneurs can compete with anyone, from anywhere, on their own terms.”
“We are excited about our strategic partnership with BFA Asset Management, a key milestone in the expansion of our mobility and fintech offering. Sergio, founder of ANDA, followed, The investment from the Kimbo Fund will drive the growth of our multi-asset fleet and the development of cutting-edge technology, as we use artificial intelligence to better serve our customers at scale. At the heart of our mission is creating economic opportunities for young people in Angola, combined with investment in education through Anda Academy, and providing safe, accessible and sustainable mobility for all. The support from BFA Asset Managenent is a strong endorsement of our mission and reinforces our role as a catalyst for long-term economic, social and environmental impact in the country.”