Progression Capital Africa

Overview

Progression Capital Africa is a private equity firm specializing in financial services, financial technology, and adjacent sectors. The firm focuses on investing in early-stage to mature companies across Sub-Saharan Africa, with a particular emphasis on East and Southern Africa. Their investment strategy aims to achieve medium and long-term capital appreciation while generating positive social impact. The managing partners bring over four decades of combined experience in micro, retail, commercial, and investment banking. The firm's investment approach includes equity and quasi-equity instruments, with an average investment size ranging from USD 2 million to USD 8 million. They typically seek a board seat to actively participate in the strategic direction of their portfolio companies. The investment horizon is generally five to eight years, aligning with their goal of fostering sustainable growth and development within the financial sector. Progression Capital Africa's portfolio spans several countries, including Kenya, Ethiopia, Uganda, Tanzania, Rwanda, Zimbabwe, and Zambia. Their focus on financial inclusion and technology-driven solutions underscores their commitment to enhancing access to financial services and promoting economic development in the region.

Investment Focus

• Equity and quasi-equity instruments
• Board seat
• Investment horizon of 5-8 years
• Focus on financial inclusion and technology-driven solutions