Subject: ITL - Africa Deal Watch - May Edition

We are pleased to share the May 2026 edition of Africa Deal Watch, featuring notable private equity and venture capital transactions across the continent.


This edition highlights Sabou Capital’s $2 million impact-linked, naira-denominated debt facility to Tomato Jos, a tomato-paste manufacturer headquartered in Kaduna, Nigeria, reflecting continued support for impactful businesses operating in Africa’s food and agribusiness value chain. It also features Sango Capital’s $120 million secondary transaction, through which the firm acquired interests in four African funds from an institutional investor rebalancing its global portfolio.


Additional transactions covered this month span logistics, mining, renewables, forestry, healthcare and financial inclusion, illustrating the diversity and resilience of deal activity across African markets.

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The information in this e-newsletter was prepared by Intercontinental Trust Limited to provide potential clients with a broad overview of the opportunities available in Mauritius. While all reasonable care has been taken in the preparation of this e-newsletter, Intercontinental Trust Limited accepts no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, sustained by any person that relies on it. Readers are advised to consult with appropriate, qualified professional advisors before taking action. Intercontinental Trust Limited will be pleased to discuss any specific issues.