Five African private capital moves in March 2026
A selection of African private capital transactions as featured in our March 2026 Dealmaker’s Log.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
We highlight five African private capital transactions, as featured in our March 2026 Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Adenia Partners fund reaches $180m hard cap
Africa-focused investment firm Adenia Partners announced the first close of its 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.
AEF is focused on control investments in small and lower mid-cap companies – the largest and most undercapitalised segment of the continent’s private sector. Read the full article
2. SPE Capital-led consortium invests in Egypt’s Orchidia Pharmaceutical Industries
A consortium led by SPE Capital has completed an investment in Orchidia Pharmaceutical Industries, an Egyptian manufacturer of eye-care medicines.
The investment was made through SPE Capital’s Private Equity Fund III and includes the European Bank for Reconstruction and Development, Proparco, the French development finance institution, and the Belgian Investment Company for Developing Countries. Read the full article
3. Zambia’s Goldenlay changes hands as Phatisa and AgDevCo exit
Phatisa has sold its majority stake in Goldenlay, Zambia’s largest table-egg producer, to Vanden Avenne Group, a Belgian integrated feed and protein manufacturer. AgDevCo, a long-term debt provider to Goldenlay, is also exiting as part of the transaction. Financial terms of the transaction are undisclosed.
Goldenlay is a fully integrated table egg producer based in Zambia’s Copperbelt province, combining large-scale production, upstream feed farming and a nationwide route-to-market serving retail, informal trade and selected regional exports. Read the full article
4. AIIM’s African Transition Acceleration Fund secures $50m
FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have announced their combined anchor commitment of $50 million to the first close of the African Transition Acceleration Fund, a vehicle managed by African Infrastructure Investment Managers.
The fund, which is targeting $200 million, is designed to accelerate investment in Africa’s energy transition. ACP and FSDAi are joined by the International Finance Corporation’s Frontier Opportunities Fund, and several senior equity co-investors including the IFC, KfW, Proparco, and other private investors. Read the full article
5. Nedbank Private Equity exits Marltons Pet Care
Nedbank Private Equity (NPE), together with a co-investor, has concluded the exit of Marltons Pet Care, a South African pet care brand.
NPE acquired the business in 2019. The investment involved carving Marltons out from a division of a listed company and establishing it as a standalone platform.
The business has been sold to Montego Pet Nutrition, a South African pet food manufacturer. Read the full article
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now