Five African private capital moves in February 2026
A selection of African private capital transactions as featured in our February 2026 Dealmaker’s Log.
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We highlight five African private capital transactions, as featured in our February 2026 Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Harith moves to buy South African low-cost airline FlySafair
Harith and its affiliates have entered into a sale and purchase agreement to acquire FlySafair, a South African low-cost airline.
Founded in 2006, Harith is a Johannesburg-based pan-African investment firm with over $3 billion in assets under management. It focuses on sectors including energy, digital connectivity, transportation, and logistics. Read the full article
2. DPI finalises $190m deal for Alameda Healthcare
Development Partners International (DPI), a London-based Africa-focused private equity firm, has announced the completion of its $190 million investment in Alameda Healthcare, an Egypt-based private healthcare group.
The investment, primarily a capital raise, is described by DPI as the largest healthcare investment of its kind in Egypt to date. Read the full article
3. A.P. Moller Capital completes final close of Morocco transport and logistics fund
A.P. Moller Capital, a Danish infrastructure fund manager headquartered in Copenhagen, has held a final closing on its APM Capital Morocco Fund. The Morocco-focused transport and logistics investment fund was established under an initiative of the Mohammed VI Investment Fund – a Moroccan sovereign investment fund – with participation from Moroccan and foreign institutional investors.
The fund closed with total commitments of MAD 1.64 billion (about $178 million). A.P. Moller Capital – Emerging Markets Infrastructure Fund II K/S, a Danish fund managed by A.P. Moller Capital, committed an additional MAD 600 million (about $65 million) alongside the fund. This brings total capital available for investment in Morocco’s transport and logistics sector to MAD 2.24 billion (about $243 million). Read the full article
4. Phatisa Food Fund 3 reaches first close
Phatisa Food Fund 3 (PFF 3) has reached an $86 million first close, with commitments from British International Investment, FinDev Canada, Norfund, Swedfund, the IFC, and Phatisa.
Building on the strategy and performance of its predecessor funds, PFF 3 will invest across Africa’s food value chain, targeting scalable businesses that combine strong commercial fundamentals with impact.
PFF 3 is targeting rolling closes over the next 12 months, with a hard cap of $300 million. Read the full article
5. AfricInvest exits EFC Zambia
The AfricInvest Financial Sector fund has exited Entrepreneurs Financial Centre (EFC) Zambia following the acquisition of the institution by NMBZ Holdings, a financial services group headquartered in Harare, Zimbabwe. Read the full article
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