Enko Capital Raises USD 100 M First Close For Africa-Focused Private Credit Fund

Enko Capital, a leading Africa-focused alternative asset manager, has achieved the first close of its Enko Impact Credit Fund, raising USD 100 M toward its USD 150 M target.

Investors in the first close include British International Investment (BII), the International Finance Corporation (IFC), SICOM Global Fund, and several African pension funds, family offices, and asset managers.

The fund will provide US dollar–denominated private credit to mid-market companies across sub-Saharan Africa, targeting established, cash-generating firms in agriculture, telecoms, manufacturing, renewable energy, and financial services.

According to Alain Nkontchou, Managing Partner at Enko Capital, the milestone underscores rising investor confidence in private credit as a tool for sustainable African development. Backers like BII and IFC highlighted the fund’s potential to bridge Africa’s mid-market financing gap, attract global capital, and strengthen a resilient private credit market that supports job creation and long-term growth across the continent.