Latest African Private Capital Transactions: February 2026 Highlights
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The African investment landscape is dynamic, showcasing significant movements in private capital. Here, we spotlight five notable transactions that illustrate the growing interest in the continent’s diverse sectors, as documented in the February 2026 Dealmaker’s Log.
1. Harith’s Acquisition of FlySafair
Harith and its affiliates have executed a sale and purchase agreement for the acquisition of FlySafair, a prominent low-cost airline in South Africa. Established in 2006, Harith is a Johannesburg-based investment firm managing over $3 billion in assets. The firm has a diverse investment focus, including energy, digital connectivity, transportation, and logistics.
2. DPI’s Milestone Investment in Alameda Healthcare
Development Partners International (DPI), a private equity firm focusing on Africa, has finalized a landmark $190 million investment in Alameda Healthcare, a significant player in Egypt’s private healthcare sector. This investment is particularly noteworthy as it represents the largest healthcare investment in Egypt to date. Read more about this transaction here.
3. A.P. Moller Capital’s Morocco Transport and Logistics Fund
A.P. Moller Capital, a Copenhagen-based infrastructure fund, has announced the final closing of its APM Capital Morocco Fund. This fund concentrates on transport and logistics investments in Morocco and has secured commitments amounting to MAD 1.64 billion (approximately $178 million). The initiative is backed by the Mohammed VI Investment Fund and various institutional investors, increasing total investments in Morocco’s transport sector to MAD 2.24 billion (around $243 million). More details can be found here.
4. Phatisa Food Fund 3 Reaches First Close
The Phatisa Food Fund 3 (PFF 3) has successfully reached an $86 million first close, attracting commitments from key investors including British International Investment and FinDev Canada. This fund aims to capitalize on Africa’s food value chain, targeting scalable businesses with strong commercial and impact potential. The fund is set to conduct rolling closes, targeting a hard cap of $300 million. Learn more here.
5. AfricInvest Exits EFC Zambia
AfricInvest Financial Sector fund has successfully exited its investment in the Entrepreneurs Financial Centre (EFC) Zambia, following its acquisition by NMBZ Holdings, a financial services group based in Harare, Zimbabwe. For further details, click here.
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