Five notable private credit deals
We highlight five private credit investments, as featured in our Dealmaker’s Log.
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We highlight five private credit investments over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. AfricInvest’s Transform Health Fund invests $8.5m in Morocco’s Promamec
AfricInvest, through its blended-finance impact vehicle, the Transform Health Fund (THF), has invested $8.5 million in Promamec, a Moroccan supplier of medical equipment and consumables. The investment will support Promamec’s working capital needs and strengthen its capacity to deliver equipment and consumables to healthcare providers in Morocco.
The company supplies a broad range of specialised medical equipment, including dialysis, imaging, and surgical solutions, as well as consumables used daily in patient care. Read the full article
2. South Africa: Kholo Capital and Maia Capital in building materials deal
The Kholo Capital Mezzanine Debt Fund I and Maia Capital Partners have provided R250 million (about $14 million) mezzanine debt funding to Catapult Group. The funding is intended to support growth capital expenditure and to refinance a portion of existing senior debt, thereby enhancing cash flow flexibility as the company enters its next growth phase.
Catapult is a South African manufacturer and distributor of specialised building products, with a strong presence in the commercial, industrial, and residential real estate sectors with a 3,000-store retail distribution footprint. Read the full article
3. Aavishkaar Capital backs African spice exporter
Aavishkaar Capital has made its fourth investment in Africa, providing a loan to Horizon Group Africa in partnership with KfW, Germany’s state-owned development bank. The funding comes from the Global Supply Chain Support Fund.
The Horizon Group, founded in Nigeria in 2006, aggregates and processes high-value whole spices such as ginger, turmeric, cloves, cinnamon, cardamom and black pepper through its facilities in Nigeria, Tanzania, and Madagascar supplying markets in the EU, Asia, and the United States. The loan will help the company purchase raw materials and meet growing demand from international buyers. Read the full article
4. TLG Capital in Kenyan education deal
TLG Capital, a private credit fund focused on investing in sub-Saharan Africa, has partnered with the Development Bank of Kenya to close a $6.5 million investment into Kenya-based Ark Junior School and Playstreet Kindergarten, collectively known as the Ark Group.
Ark currently operates two schools in Nairobi and one in Kitengela, serving over 850 students. Read the full article
5. Sahel Capital in Cameroon agribusiness deal
Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa, has provided a $1.5 million working capital loan to Nulla Group.
Nulla is a Cameroon-based maize aggregator and processor. At its core, Nulla produces maize grain on a farm located in the West Region of Cameroon, while building an agribusiness ecosystem. The company’s aggregation model is central to its business as it connects smallholder farmers to a stable and fair market, empowering them with enhanced productivity through advanced technology and efficient logistics. Read the full article
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