Here are summaries of the most widely read stories from the past week on Africa Private Equity News.
1. Airnergize Capital reaches final close with DBSA commitment
Airnergize Capital, the clean technology investment platform of New GX Capital, has completed the final close of its Fund I at R3.89 billion ($238.65 million). The Development Bank of Southern Africa participated as lead development finance institution with a R240 million ($14.72 million) commitment. Read the full article
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Southern African VC shows growing maturity and attractive exit pipeline
Southern Africa’s venture capital industry continues to demonstrate resilience, adaptability and growing maturity, with investors deploying R2.48 billion ($152.15 million) across more than 200 funding rounds in 2025, while increasingly backing existing portfolio companies through successive growth stages. Read more
2. Enko Capital’s Francophone West Africa fund secures LP commitment
Caisse des Dépôts et Consignations of Benin (CDC Benin), a public financial institution, has invested in Enko Capital’s Francophone West Africa SME Strategy, a private equity fund dedicated to small and medium-sized enterprises in the region. Read the full article
3. South Africa: Iris Fresh secures funding from Vumela Fund
The Vumela Fund, managed by Edge Growth, has invested in Cape Town-based fresh produce exporter Iris Fresh. The funding will support operational expenditure and working capital as the business enters its next phase of expansion. Iris Fresh sources fruits and vegetables from growers across South Africa and neighbouring countries for international markets. Read the full article
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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. All On backs PowerGen’s expansion in Nigeria
All On, an impact investor seeded by Shell, has made a mezzanine investment in PowerGen Renewable Energy Nigeria. PowerGen is a renewable energy platform with offices in Kenya, Nigeria, Sierra Leone and the Democratic Republic of Congo. Read the full article
5. IronOak buys stake in Pepkor distribution centre portfolio
YW Capital, a South African corporate advisory and investment firm, and RMB, the corporate and investment banking arm of FirstRand, have completed a R2.25 billion ($138.2 million) logistics property transaction through IronOak, YW Capital’s industrial and logistics real estate investment platform. IronOak acquired a 65% stake in Badger Properties, which owns three distribution centres used by Pepkor-owned retailers PEP and Ackermans. Read the full article
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The French serial entrepreneur who became a private equity investor in Africa
Alexis Caude, managing partner of Adenia Partners, discusses his entrepreneurship journey, his investment successes in Africa, and how he manages his personal money. Read/watch the interview