Sabou Capital secures Mastercard Foundation Africa Growth Fund investment
Nigeria-based impact fund targets SMEs in overlooked secondary regions.
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Sabou Capital, a Nigeria-based impact fund, has secured an anchor investment from the Mastercard Foundation Africa Growth Fund, a $200 million fund supporting African-owned and led investment vehicles to drive inclusive growth across the continent.
The firm, lead by partners Surayyah Ahmad and Christian Amouo, seeks to invest in tech-enabled SMEs across secondary regions. It aims to unlock growth for businesses across West and Central Africa that are often overlooked despite strong fundamentals.
“We target secondary cities and regions that mainstream capital bypass,” says Ahmad. “Many of these businesses are investment-ready: the revenues are there, the model works, and the market is real. Yet they are excluded because they lack the investor-readiness infrastructure required by conventional capital.”
Amouo adds: “What we see across markets is not a lack of viable businesses, but a mismatch between how capital is structured and how these companies actually grow. Our role is to bridge that disconnect so businesses can move forward on terms that reflect their realities.”
Sabou Capital invests in early-growth stage companies across agriculture, healthcare, logistics and mobility, fintech, and climate tech in Cameroon, Côte d’Ivoire, Senegal, and Nigeria, with ticket sizes ranging from $300,000 to $2 million.
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