This week in impact investment in Africa - 27 March

This is a curated roundup of all the notable developments in the African impact investment space this week:

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VOICES OF AVCA: Peter Clinton Mutumba, Oxano Capital

Oxano Capital is an impact-focused investment firm that provides growth capital and strategic support to high-potential small and medium-sized enterprises across Sub-Saharan Africa. Learn more from Peter’s interview with AVCA.

Adenia Raises $180M for Fund Targeting African Mid-Market Companies

Adenia Partners raised $180 million for its Adenia Entrepreneurial Fund I in less than a year, focusing on control investments in small and lower mid-cap companies across Africa.

Five notable African private capital fundraising closes

Key five African private capital fundraising closes over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones.

DEG commits €15m to Adenia Entrepreneurial Fund I

German development financier DEG has disclosed a signed investment of €15 million in the Adenia Entrepreneurial Fund I (AEF I), managed by Adenia Partners.

PIDG commits €4.3m to scale Afreenergy Solar in Senegal

The Private Infrastructure Development Group (PIDG) has committed €4.3 million to scale Afreenergy Solar, a specialised platform developing clean energy solutions for commercial and industrial (C&I) customers in Senegal. The company aims to expand over time into selected markets in West and Central Africa.

IFC proposes up to $130m commitment to BlackRock-managed fund

The International Finance Corporation has disclosed a proposed commitment of up to $130 million in the Infrastructure Resilience Development Fund (IRDF), a global closed-end private infrastructure debt fund managed by BlackRock.

BFA's Kimbo Fund backs Angola mobility start-up Anda

BFA Asset Management, through the Kimbo Fund, has committed $1.2 million to Anda, an Angolan mobility company.