Here are summaries of the most widely read stories from the past week on Africa Private Equity News.
1. Helios to acquire up to 49% of Mozambican flour miller Merec Industries
Helios Investment Partners has agreed to acquire up to 49% of Merec Industries, Mozambique’s largest flour milling company, through Helios Fund V. Seller Invictus Investment, which acquired Merec in January 2025, will remain the majority shareholder. Read the full article
A MESSAGE FROM OUR SUPPORTERS
Southern Africa private capital fundraising surges by 162% and exit proceeds rise
Fundraising by Southern African private capital firms rose from R8.4 billion in 2024 to R22.0 billion ($1.3 billion) in 2025, according to the SAVCA Private Capital Industry Survey 2026. Read more
2. EIB proposes investment in Admaius’ Virunga Africa Fund II
The European Investment Bank has disclosed a proposed $85 million (€76 million) investment in Virunga Africa Fund II, a $500 million pan-African private equity fund managed by Admaius Capital Partners. The fund will invest in mid-sized companies, with half of its capital expected to go to North Africa. Read the full article
3. Kuunda completes $5m secondary share sale led by E4E Africa
South African digital lending technology company Kuunda has completed a $5 million secondary share sale led by existing shareholder E4E Africa. Accion Ventures, Portugal Gateway Fund and Seedstars Africa Ventures also increased their stakes. Read the full article
PREMIUM CONTENT
Dealmaker’s Log: A database of African private capital transactions
The Dealmaker’s Log supports deal origination, market mapping, and tracking individual investors or funds over time. Filter to the country, sector, investor or transaction type you cover; compare activity across sectors, geographies and years; or follow the private capital cycle from fundraising through to exits. Access the Dealmaker’s Log here
4. Fortis Green Renewables invests in GRIPS Energy Group
Fortis Green Renewables Investment Management and Zeitinger Invest have made a growth equity investment in GRIPS Energy Group, a developer of commercial and industrial solar and battery storage projects. The funding will finance the acquisition of operational renewable energy assets in Senegal, Botswana, Zambia and Uganda. Read the full article
5. Sango Capital expands investment team with two hires
Johannesburg-based Sango Capital, which invests in Africa-focused private equity funds and makes direct co-investments, has hired Darryn Schovell as principal from Ethos Private Equity and Rainer Steinhagen as vice president from DEG. Read the full article
PREMIUM CONTENT
Adenia Partners is listing Kenyan retailer Quickmart: We find out more
Kenyan retailer Quickmart, a portfolio company of Adenia Partners, has received regulatory approval for its IPO and listing on the Nairobi Securities Exchange, in a deal that values the company at about $230 million. Africa Private Equity News editor-in-chief Jaco Maritz spoke to Martha Osier, a partner at Adenia and a board member of Quickmart, to find out more. Watch the interview