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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: Kholo Capital and Tensai Private Equity back Isambane Mining MBO
The Kholo Capital Mezzanine Debt Fund I and Tensai Private Equity announced the provision of R275 million (about $16.4 million) in mezzanine debt funding to support the management buy-out (MBO) of Isambane Mining, a mid-tier mining contractor in South Africa.
The R275 million mezzanine funding package comprises R200 million (about $11.9 million) provided by Kholo Capital and R75 million (about $4.5 million) from Tensai Private Equity. Read the full article
2. Inside Capital Partners takes stake in Madagascar education platform
Inside Capital Partners has announced an investment in Hautes Études Pratiques Internationales (HEPI), the education platform behind Vatel Madagascar, a provider of hospitality and tourism management programmes in Madagascar.
The investment will support HEPI’s ambition to scale its platform through the development of a new campus, the expansion of academic offerings, and a continued focus on practical, market-aligned education. Read the full article
3. Harvest Fund III reaches final close
Endeavor South Africa has announced the close of its Harvest Fund III at R230 million (about $13.6 million). This venture fund brings together both entrepreneurs and institutional investors focused on backing and scaling the next generation of high-growth technology businesses across South Africa.
Harvest Fund III reached its final close following a first close of R190 million (about $11.3 million) in October 2024. The fund has already deployed capital into a number of companies, including GoTyme Bank, Onafriq, Entersekt and Plentify. Read the full article
4. AgDevCo increases commitment to East African aquaculture company
AgDevCo, the specialist agriculture investor, has made a $15 million follow-on investment in Victory Group, an East African aquaculture company producing and distributing Nile tilapia.
Victory Group farms tilapia on Lake Victoria in Kenya and Lake Kivu in Rwanda. The company sells fresh fish to thousands of market traders, via more than 100 sales outlets. Read the full article
5. TLG Capital closes $5m scaling facility for Shona Capital Zambia
TLG Capital, a private credit fund manager specialising in sub-Saharan Africa, has closed a $5 million scaling facility for Shona Capital Zambia, an SME lender providing fast and flexible loans to businesses in Zambia.
The facility is structured to support the growth of Shona’s loan book: capacity will be released in subsequent tranches as Shona scales, with additional guarantors and institutional partners expected to join as the transaction grows.
The investment, made from TLG’s Africa Growth Impact Fund II, marks TLG’s first foray into Zambia. Read the full article
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