← All fundsTana Africa Capital
Public data, unclaimed profileEvergreen 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
- Mark Tindall — Chief Executive Officer
- Pieter Cilliers — Managing Director
- Kwabena Bucknor — Principal
- Arthur Engotto — Principal
- Yannick Sanni — Vice President
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Reference deals
Recent public deals: they say better than a thesis what the fund actually signs.
Sundry Markets
August 2022 · NigeriaGrowthUndisclosed 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 · NigeriaGrowthUndisclosed 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 · KenyaGrowthUndisclosed 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 Manji — Founder
- Rahul Haria — CEO
Source : tana-africa.com
Africa Protein Holdings
July 2021GrowthUndisclosed 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.