Enko Capital , the Africa-focused investment firm led by Cameroonian banker Alain Nkontchou, has secured a fresh 30 million commitment from South Africas Public Investment Corporation PIC, strengthening its bid to expand private credit access for mid-sized African businesses.
The injection , one of PICs most strategic allocations this year, deepens its long-running partnership with Enko and comes as the investment manager works toward a 150 million final close for its flagship private credit fund, capped at 200 million.
The fund reached a 100 million first close earlier this year , backed by British International Investment BII, the International Finance Corporation IFC, and several African institutions.