Enko Capital, managing US$1.3 billion, has successfully closed the first round of its impact-focused credit fund.
So far, the Fund has raised US$100 million and aims to reach US$150 million, with a hard cap of US$200 million.
Notably, early investors include BII, IFC, SICOM Global Fund, a European impact investor, and African pension funds.
Enko Capital Supporting African SMEs
Moreover, the Fund targets mid-market companies across Sub-Saharan Africa, offering them US dollar-denominated private credit.
It focuses specifically on established businesses in agriculture, telecoms, manufacturing, renewable energy, and financial services.
By providing tailored financing, the Fund actively supports companies often overlooked by traditional lenders in Africa.
Driving Growth And Impact
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According to BII CEO, Leslie Maasdorp, the Fund sends a strong signal about private credit’s commercial potential.
Meanwhile, Enko managing partner, Alain Nkontchou, emphasised that investors increasingly trust Africa’s sustainable development.
Consequently, the Fund empowers SMEs, unlocking growth, creating jobs, and advancing sustainable development across the continent.
Additionally, this investment marks the first joint effort between BII and IFC in Africa.
IFC Vice President, Mohamed Gouled, explained that financing mid-sized companies drives inclusive economic growth.
With its first close complete, Enko Capital now bridges the mid-market financing gap, proving private credit generates profit and impact.
