Outlook

Private Credit in Africa: Mid-Year Outlook

Bank deleveraging and SME financing gaps continue to create opportunities for disciplined private credit strategies.

Abstract editorial illustration: private credit

A structural financing gap

Mid-sized African companies remain under-served by bank lending. Private credit managers with local origination and workout capability can fill that gap.

What asset owners should look for

  • Local origination networks and sector expertise.
  • Security packages and demonstrated recovery experience.
  • Currency alignment between loans and investors.

AOA facilitated the raising of USD 10 million for a private credit fund, demonstrating how African institutional capital can be organised into investor-ready vehicles.

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