Enko Capital Launches $100 Million Fund to Support Africa’s Green and Agricultural Sectors
Enko Capital, an Africa-focused investment management firm, has secured US$100 million at the first close of its Enko Impact Credit Fund (EICF), a new private credit vehicle designed to strengthen Africa’s mid-market economy. The fund targets businesses across key sectors including agriculture, renewable energy, telecommunications, manufacturing, and financial services, with an emphasis on sustainable and cash-generating enterprises.
The fund aims to address one of Africa’s persistent financing challenges: the limited access to medium- and long-term funding for mid-sized companies that are often underserved by commercial banks. By providing USD-denominated private credit, Enko Capital plans to bridge this gap and support companies that drive job creation, industrial development, and sustainable growth across Sub-Saharan Africa.
According to the firm, the target size for the Enko Impact Credit Fund is US$150 million, with a hard cap of US$200 million. The first close attracted backing from several development finance institutions, including the International Finance Corporation (IFC) and British International Investment (BII), underscoring growing global confidence in Africa’s mid-market credit opportunities.
The fund will focus on Sub-Saharan Africa, excluding South Africa, and will prioritize “non-cyclical” industries, businesses that maintain steady cash flows even amid economic fluctuations. This approach aims to build resilience in the region’s private sector while supporting sustainable economic growth.
Enko Capital stated that the fund’s investment strategy will align with environmental, social, and governance (ESG) principles, ensuring that supported businesses contribute to both economic and impact-driven outcomes. In particular, the agriculture and renewable energy sectors are expected to benefit, given their central roles in food security, energy transition, and climate resilience across the continent.
Founded in 2008 by Alain and Cyrille Nkontchou, Enko Capital manages approximately US$1.3 billion in assets across equity, private credit, and fixed-income funds. The launch of the Enko Impact Credit Fund marks a continuation of the firm’s mission to provide innovative financial solutions that empower African enterprises and strengthen the continent’s investment landscape.
As the fund progresses toward its final close, expected to reach US$150 million or more, its deployment will be closely watched as a signal of investor appetite for Africa’s sustainable growth story.
