Enko Capital gets $100m for credit fund

From the newsletter

Africa-focused asset manager Enko Capital has secured $100 million for its private credit fund, with renewable energy featured as a priority sector. The fund will provide dollar-denominated financing to mid-sized businesses across Africa, which often struggle to access credit from traditional lenders. The fund targets gross returns of 14–16%.

• The targeted mid-sized firms are too large for micro-finance but too risky for banks, resulting in a significant credit shortfall.

• Dollar-denominated private credit offers more flexible and longer-term financing options compared to short-term bank loans. This makes it attractive for infrastructure-heavy sectors with long earn-back periods.

More details