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Tana Africa Capital

Public data, unclaimed profile

Evergreen investment holding founded in 2011 by the Oppenheimer family and Temasek, with offices in Johannesburg and Abidjan; about USD 650m raised since inception. Pan-African remit. Primary sectors: FMCG, retail, education, healthcare, agribusiness; secondary: manufacturing, financial services, logistics, business services, digital payments. Looks for proven, profitable businesses in large, fast-growing markets with minimal public-sector dependency and add-on acquisition potential, over long holding periods. Minority and majority stakes (Sundry Markets, Interswitch, Furniture Palace with KITEA).

Investment thesis

Investment ticket
Instruments
Equity
Preferred sectors
Retail & distribution, Education, Healthcare, Agribusiness, Manufacturing, Financial services, Logistics, Services, Fintech
Target geographies
West Africa, East Africa, North Africa, Southern Africa, Central Africa
Stages (based on reference deals)
Growth

Team and contacts

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Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Sundry Markets

August 2022 · Nigeria
GrowthUndisclosed amountEquityRetail & distributionCo-Lead

Activity : Food retail

Instrument : Minority stake

Modern grocery retailer in Nigeria.

Why they invested

  • One of Nigeria's fastest-growing modern grocery retailers

Co-investors Sango Capital (Co-Lead)

Source : tana-africa.com

Interswitch

May 2022 · Nigeria
GrowthUndisclosed amountEquityFintechCo-Invest

Activity : Payments and mobile money

Instrument : Strategic investment

Pan-African digital payments and commerce group.

Why they invested

  • Payments infrastructure supporting financial inclusion

Co-investors LeapFrog Investments

Source : tana-africa.com

Furniture Palace

March 2022 · Kenya
GrowthUndisclosed amountEquityRetail & distributionLead

Activity : Specialty retail

Instrument : Majority stake

Kenya's leading furniture retailer. Deal led by Tana Africa Capital, which brought in KITEA, a Moroccan furniture retailer already in its portfolio.

Why they invested

  • Market leader
  • Pan-African add-on acquisition by an existing portfolio company (KITEA)

Team

  • Noorali ManjiFounder
  • Rahul HariaCEO

Source : tana-africa.com

Africa Protein Holdings

July 2021
GrowthUndisclosed amountEquityAgribusinessLead

Activity : Food processing

Instrument : Minority stake

Leading meat processor in East Africa.

Why they invested

  • Regional leader in meat processing

Source : tana-africa.com

In short

Tana Africa Capital invests across the following sectors: Retail & distribution, Education, Healthcare, Agribusiness, Manufacturing, Financial services, Logistics, Services, and Fintech, in the following areas: West Africa, East Africa, North Africa, Southern Africa, and Central Africa. Check in 30 seconds whether your company fits these criteria.