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A MESSAGE FROM OUR SUPPORTERS
PwC: South Africa Economic Outlook 2026
South Africa’s economy remains on a recovery path in 2026, but rising global pressures and cost dynamics are slowing momentum and reshaping the outlook for the months ahead. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Adenia buys majority stake in Minet from Capitalworks
Adenia Partners, a private equity firm focused on growth opportunities in Africa, has acquired a majority stake in Minet Group, one of Africa’s largest independent insurance brokerage and risk advisory firms. The stake was acquired from Capitalworks. Read the full article
2. Capitalworks launches new South African PE fund with backing from IFC and Standard Bank
Capitalworks has announced the launch of Capitalworks Private Equity Fund IV (CWPE IV), a South African-focused generalist private equity fund targeting total commitments of $350 million. CWPE IV will continue the strategy pursued through Capitalworks’ predecessor funds by investing in established mid-market companies with strong growth prospects, defensible market positions and the potential to scale. Read the full article
3. Nigeria: Kuramo Capital to manage new fund of funds
Nigeria’s Bank of Industry (BOI), the implementing agency for the Investment in Digital and Creative Enterprises (iDICE) programme of the Federal Government, has appointed Kuramo Capital Management as fund manager of the DICE Fund of Funds. The DICE Fund of Funds is structured to achieve a minimum total capitalisation of $170.6 million, with the Federal Government contributing an anchor commitment of $85.3 million. Kuramo is mandated to raise matching private-sector capital on a dollar-for-dollar basis. Read the full article
4. TLG Capital fund reaches $120m second close
TLG Capital has announced the $120 million second close of its TLG Africa Growth Impact Fund II. The second close is led by Proparco and Calvert Impact Capital, a subsidiary of US-based impact investing firm Calvert Impact, alongside six additional new investors and increased allocations from several first close investors including Swedfund. Read the full article
5. Metier sells minority stake in Cape Town Biogas to Infra Impact Investment Managers
South Africa-based Infra Impact Investment Managers, through its Mid-Market Infrastructure Fund 1, has acquired a minority shareholding in Cape Town Biogas (CTB). The investment was acquired from existing shareholder Metier Sustainable Capital Fund II, which remains the controlling investor. CTB is an organic waste processing facility that utilises anaerobic digestion technology to process 250 tonnes of organic waste per day into three outputs – compressed biomethane, renewable beverage-grade carbon dioxide, and agricultural inputs. Read the full article
Dealmaker’s Log: African private equity and VC deals in June 2026
Africa Private Equity News recently published the June 2026 issue of our Dealmaker’s Log, which tracks the reported African private equity/debt and venture capital transactions from last month (and extending back to an archive of transactions since May 2023). Access the Dealmaker’s Log here
Where Sango Capital sees opportunity in Africa
Africa-focused investor Richard Okello compares investing on the continent to riding a speedboat through rough seas while trying to drink a glass of wine without spilling a drop. The job is to get from point A to point B with the liquid intact. Watch/read the interview here
