Investisseur référencé à partir d'opérations publiées. Secteurs, pays, instruments et tickets affichés d'après ses opérations ; le fonds peut revendiquer sa fiche pour préciser sa thèse.
At a glance
Based on observed investment behaviour: 6 recorded deals
- Investor type
- Private equity or venture capital fund (inferred, not verified)
- Capital type
- Private credit (inferred from deals)
- Observed ticket
- 7.5 M$, median 7.5 M$ (1 disclosed amount)
- Countries
- South Africa (4), Kenya (1), Tanzania (1)
- Activities
- Banking (1), Digital lending and scoring (1), Insurance (1)
- Instruments
- Senior debt (4), Equity (2)
- Stages
- Debt (4), Growth (1), Series A (1)
- Recent activity
- 5 deals in 12 months, latest Aug 2026
Stated thesis versus observed behaviour
No stated thesis: the comparison is not possible.
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Criteria inferred from recorded deals: the fund has not stated its thesis yet.
- Investment ticket
- n/a
- Instruments
- Senior debt*, Equity*
- Preferred sectors
- Energy*, Fintech*, Manufacturing*, Financial services*
- Target geographies
- South Africa*, Kenya*, Tanzania*
* added from its deals
- Stages (stated by the fund and from its deals)
- Series AGrowthDebt
NCBA Group
August 2026 · KenyaSigned, conditions pendingGrowth855 M$EquityFinancial servicesLead
Offer closed on 10 July 2026; Central Bank of Kenya approval on 28 August; completion expected in Q3 or early Q4, subject to final approvals.
Activity : Banking
Instrument : Partial offer for 66% at KSh 105 per share (about KSh 110bn): 20% cash, 80% Nedbank shares; 79.9% of the capital tendered, scaled back to 66%
Kenyan banking group (commercial bank, digital lending with Safaricom).
Why they invested
- South African bank expanding into East Africa
Source : hapakenya.comN2 · Cross-checked (2+ outlets) · Other sources : Techmoonshot, People Daily
Recent public deals: they say better than a thesis what the fund actually signs.
Harmony Gold Mining
July 2026 · South AfricaDebt1,250 M$Senior debtManufacturingCo-Lead
Facilities closed on 28 July 2026; refinancing of the bridge loan for the CSA copper mine acquisition.
Activity : Mining and quarrying
Instrument : Sustainability-linked syndicated facilities of about US$1.25bn (US$500m, AUD 500m and ZAR 7bn), including about US$180m of green loans; Nedbank CIB arranger, Citi global coordinator; over three times oversubscribed
South African gold producer, copper in Australia (CSA, Eva Copper).
Why they invested
- Sustainability-linked debt for miners
Co-investors Citi (Co-Lead)
Source : miningweekly.comN2 · Cross-checked (2+ outlets) · Other sources : The Corporate Treasurer, Nedbank CIB
Mulilo — centrale solaire de Beaufort West
April 2026 · South AfricaDebtUndisclosed amountSenior debtEnergyCo-Lead
Financial close announced on 20 April 2026.
Co-investor alongside Investec
Activity : Off-grid solar and solar kits
Instrument : 380 MWdc project financing, one of the country's largest solar plants; lenders Absa, Standard Bank, Investec and Nedbank
Western Cape solar plant, about 818 GWh a year.
Why they invested
- Private renewable power via wheeling
Co-investors Absa (Co-Lead), Standard Bank (Co-Lead)
Source : mulilo.comN1 · Primary source · Other sources : Investec
Mulilo — stockage par batteries Mercury
April 2026 · South AfricaDebt86.42 M$Senior debtEnergyCo-Lead
Financial close on 9 April 2026.
Co-investor alongside Standard Bank
Activity : Storage and batteries
Instrument : ZAR 1.4bn project, BESIPPPP (Bid Window 2), 15-year contract with NTCSA; lenders Standard Bank, Absa and Nedbank · Vehicle : BESIPPPP Bid Window 2
Lithium-iron-phosphate battery storage near Viljoenskroon (Free State), commercial operation in Q4 2027.
Why they invested
- Grid-backed power storage
Co-investors Absa (Co-Lead)
Source : corporateandinvestment.standardbank.comN1 · Primary source · Other sources : Engineering News
Discovery (rachat du siège social)
February 2026 · South AfricaSignedDebt250 M$Senior debtFinancial servicesLead
Agreement announced on 6 February 2026; completion not announced.
Activity : Insurance
Instrument : Purchase of 1 Discovery Place (Sandton) from Growthpoint and the Truzen 114 Trust for ZAR 4.05bn, fully debt-funded; Nedbank CIB equity and debt sponsor
Health and life insurer, bank.
Source : senspdf.jse.co.zaN1 · Primary source · Other sources : Moneyweb
Series A7.5 M$EquityFintechCo-Invest
Co-investor alongside Seedstars Africa Ventures
Activity : Digital lending and scoring
Vehicle : Seedstars Africa Ventures
Kuunda provides a B2B Lending-as-a-Service platform embedding credit and working capital for mobile-money agents and SMEs.
Why they invested
- Addressing the financing gap for SMEs and agents
- Credit embedded directly into payment platforms
- Regional expansion of financial inclusion
- Model based on transaction data
Co-investors 4Di Capital, Accion Ventures, E4E Africa, Portugal Gateway Fund
Source : accion.org
Nedbank invests across the following sectors: Energy, Fintech, Manufacturing, and Financial services, in the following areas: South Africa, Kenya, and Tanzania. Check in 30 seconds whether your company fits these criteria.
