The 5 most popular stories on Africa Private Equity News the past week
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
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Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. South Africa’s PIC invests $30m into Enko Capital’s private credit strategy
South Africa’s Public Investment Corporation has made a $30 million investment into Enko Capital’s private credit fund. The fund is targeting a final close of $150 million in second half of 2026, with a hard cap of $200 million.
The fund’s objective is to provide bespoke financial solutions necessary to support growing companies in Africa. Read the full article
2. African Development Bank commits to Adenia fund
The African Development Bank has authorised a $15 million equity investment in the Adenia Entrepreneurial Fund 1.
The fund, managed by Adenia, will channel growth capital to small- and mid-cap companies in various African countries, which work in sectors that contribute to economic resilience. Such sectors include light industry, consumer goods and services, renewable energies, health, and education. Read the full article
3. South Africa: Summit Africa fund secures IFC commitment
South African private equity firm Summit Africa has secured a $20 million investment commitment from the International Finance Corporation (IFC) to its second private equity fund, Summit Private Equity Fund II. The IFC has also approved a $5 million co-investment envelope.
Summit has already secured approximately R900 million ($52.5 million) in investment commitments toward the fund’s target size of R2.5 billion to R3 billion (about $174.8 million). Read the full article
4. TLG Capital in Tanzania agro-processing transaction
TLG Capital has closed a $15 million facility for Kijenge Animal Products, an Arusha-based agro-processing platform. The transaction was structured alongside CRDB Bank to refinance legacy obligations and unlock working capital for production. Read the full article
5. Chui Ventures announces close of Fund I
Chui Ventures, a pan-African seed-stage venture capital fund with a gender-inclusive mandate, has announced the final close of its debut Fund I at $17.3 million, surpassing its original fundraising target of $10 million.
The fund backs local African founders building mass-market, tech-enabled solutions across sub-Saharan Africa. Read the full article
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