JOHANNESBURG, South Africa, February 25, 2025/APO Group/ –Kholo Capital Mezzanine Debt Fund I (“Kholo Capital” or “the Fund”) (www.KholoCapital.com/), has reached final close at R1,4 billion in commitments, in order to make long-term mezzanine debt investments in small and medium sized businesses in Southern Africa (i.e., South Africa, Botswana, Namibia, Lesotho and Swaziland). The funding provided to these businesses will positively impact communities and support economic growth, job creation, alleviation of poverty and advancement of transformation in the Southern African region. The Fund provides growth capital, BEE Financing and acquisition funding into sectors of the Southern African economy with high social impact including social housing, healthcare, education, renewable energy, food and food security, ICT, financial technology and infrastructure. The Fund follows the United Nation’s 17 Sustainable Development Goals as guiding principles with key focus on those linked to Job Creation (i.e., Decent work and Economic growth, Reduced Inequalities and Gender Equality) and those linked to Sustainable Growth (i.e.; Affordable and Green Energy, Sustainable Cities and Communities and Climate Action). The R1,4 billion in commitments was secured from leading South African institutional investors.

Kholo Capital believes that mezzanine debt funding, being a subordinated loan position that sits between senior debt and equity in the capital structure of a business, is attractive because it plugs any equity funding gaps and provides businesses with a tailored and flexible loan solutions in support of their growth requirements. Kholo Capital’s investment criteria include investing in small and medium sized businesses generating minimum R25m EBITDA across various growth sectors of the Southern African economy, thereby providing much needed access to capital within a preferred range of R70m to 200m per investment. The benefit of mezzanine debt loan funding lies not only in the ability to tailor funding terms like debt servicing requirements (e.g., providing capital repayment moratoriums), and also because it is a loan funding instrument it avoids the significant equity dilution which is sometimes the sad reality when businesses try to fund their growth ambitions by raising pure equity funding.

Mokgome Mogoba, Founder and Managing Partner at Kholo Capital, said: “We are very bullish about South Africa, the South African economy and the future prospects of this beautiful country and the surrounding region. We are heartened and motivated by the optimism and the resilience of its people. We aim to create in excess of 500 new jobs at a rate of more than 40 nett jobs created per investment and we have committed to investing more than 50% of the Fund in black empowered companies. We are excited at the opportunity to bring creative funding solutions to the Southern African market and to form long term sustainable partnerships with businesses over a 4 to 7-year investment horizon, realising not only strong commercial returns for our investors, but also providing transformational funding that has a positive ESG impact on businesses and surrounding communities as we also look to boost our rural and township economies.”

Zaheer Cassim, Founder and Managing Partner at Kholo Capital, added: “Mezzanine debt funding is non-dilutive by nature and therefore is an attractive funding option for family-owned businesses, BEE companies or any business that needs to raise capital and hold onto the equity in the business. And with the banks becoming more risk averse due to regulatory requirements, lending to small and medium sized businesses has reduced, creating a great opportunity for flexible mezzanine debt structures.  We are grateful that our investors recognise the opportunity and have shown us tremendous support.”

With a strong pipeline of opportunities, Kholo Mezzanine Debt Fund I is well positioned to advance its investment objectives, and make a sustainable impact in support of the real economy.

BRAZZAVILLE, Republic of the Congo, February 24, 2025/APO Group/ –With the Republic of Congo preparing to launch a new Gas Code and Gas Master Plan to incentivize investment across the natural gas value chain, the participation of investment companies in the country’s energy sector will be a requisite for international companies seeking to navigate complex government and corporate deals.

The inaugural Congo Energy & Investment Forum (CEIF) 2025, taking place in Brazzaville from March 24-26, will feature the participation of some of the top energy investment firms operating on the continent. Speakers at this year’s event will include Abdullahi Bashir, Group Managing Director, AA&R Investment; Adou Toure, Investment Advisor to the U.S. Development Finance Corporation (DFC); as well as Didier Rault, CEO, World Mining Investment.

The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société nationales des pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

Congo’s regulatory landscape and industry outlook is incentivizing new players to join the market. The country aims to attract fresh investment across the growing oil and gas value chain, with the fiscal and regulatory environment having become increasingly more transparent, making it simpler for companies to invest. As such, the participation of AA&R Investment at this year’s CEIF 2025 is set to showcase the significant role a structured investment environment can play in ensuring a timely and efficient entry for new companies to the country’s energy market.

Congo’s Gas Master Plan aims to advance the country’s gas monetization agenda by catalyzing new infrastructure development, including gas pipelines, processing facilities and gas-to-power plants. The plan also seeks to reduce energy imports and raise electricity access, currently at 50%. With its significant resource base, forward-looking approach to policy implementation and commitment to low-carbon oil and gas, Congo has emerged as a highly attractive investment market. With experience across a wide range of regions and industries, World Mining Investment is well-positioned to leverage its expertise in government and corporate deals to showcase how existing operators and service providers can strengthen their footprint in Congo at CEIF 2025.

With aims to increase financing and guarantees to help unlock private sector investment in Congo’s energy sector, the U.S. DFC’s participation at CEIF 2025 is expected to benefit small businesses and financial service companies seeking to improve supply chains, infrastructure and development in the country. The institution has a rich portfolio of projects across Africa, including the trans-national Lobito Atlantic Railway, which contribute to mobilizing private sector investment and expand access to structured financing mechanisms.

“The participation of investment firms such as AA&R Investment, the U.S. DFC and World Mining Investment at CEIF 2025 is crucial for shaping the future of Congo’s energy sector. Their involvement highlights the growing international confidence in the country’s evolving regulatory framework and abundant natural resources. By bringing together key players in the global energy and infrastructure sectors, the conference is well-positioned to foster collaboration, unlock new investment opportunities and drive sustainable growth in Congo’s energy market,” states Energy Capital & Power Events and Project Director Sandra Jeque.

LONDON, United Kingdom, February 24, 2025/APO Group/ –Secretary Chris Wright, U.S. Department of Energy, has been confirmed as a speaker and guest of honour at the 10^th Powering Africa Summit (PAS), taking place at JW Marriott Washington, D.C. across March 6-7. This is an important step to provide an answer to the question that all of African energy is now asking: how will the new Administration approach the strategic energy relationship between the U.S. and Africa?

Under the Summit theme, The Future of the US & Africa Energy Partnership, U.S. Secretary of Energy Chris Wright will deliver a keynote address at the 10^th annual Powering Africa Summit. Wright will be joined by representatives from the U.S. Department of State: Ambassador Troy Fitrell, Senior Bureau Official, Bureau of African Affairs; Kimberly Harrington, Acting Principal Deputy Assistant Secretary, Bureau of Energy Resources; and Stephen Banks, Acting Deputy Assistant Secretary for Energy Diplomacy, Bureau of Energy Resources. All will share their vision for this future relationship between African countries and the US-based investors that are so vital to realizing their energy ambitions.

“As Secretary of Energy, I am committed to unleashing all forms of affordable, reliable and secure energy here at home and advancing that mission of energy security around the world – and nowhere is that more critical than the continent of Africa. I look forward to joining the Summit to reaffirm the strategic energy partnership between the U.S. and Africa and share my vision for advancing innovation and removing barriers to energy access, both at home and around the world,” Secretary Wright said.

Ministers and governments from 19 African countries will arrive in Washington D.C., where the Africa Welcome Address will be given by H.E. Honourable Adebayo Adelabu, Minister of Power, Nigeria. Together with H.E. Honourable Jeremiah Kpan Koung, Vice President, Liberia; H.E. Honourable Dr. Dele Alake, Minister for Solid Minerals Development, Nigeria; H.E. Honourable Mahmoud Mustafa Esmat, Minister of Electricity & Renewable Energy, Egypt; H.E. Honourable Karim Badawi, Minister of Petroleum & Mineral Resources, Egypt; H.E. Honourable Bogolo Joy Kenewendo, Minister of Minerals & Energy, Botswana; H.E. Honourable Alex Wachira, Principal Secretary, Ministry of Energy & Petroleum, Kenya; and Amina Benkhadra, Director General, Office National des Hydrocarbures et des Mines (ONHYM), Morocco, he will meet distinguished Ministers and leaders from South Africa, Senegal, Ethiopia, Zimbabwe, Togo, Sierra Leone and more to drive energy development across the continent.

Flagship ministerial boardrooms and regional energy cooperation sessions will discuss and debate   derisking projects, South Africa’s energy future, the need for West African regulatory reforms, and the role of hydrogen in North Africa. New areas of opportunity such as bitcoin mining and data centers will be discussed through an East African lens. The Mission 300 initiative, set to provide electricity access to 300 million people in sub-Saharan Africa by 2030, is also high on the agenda.

The 10^th Anniversary Gala Drinks Reception sponsored by Genesis Energy, will celebrate International Women’s Day, ahead of March 8.

Critical to the week’s discussions will be a host of private players including Alliant Insurance Services, GE Vernova, ARM-Harith Infrastructure Investment, Globeleq, Africa50, Nextracker, Schneider Electric, Newmarket Capital and the summit’s general sponsor, Sun Africa, who are looking to a new future for the U.S.-Africa relationship.

Sun Africa CEO, Adam Cortese said: “We are seeing a sea change in how the U.S. participates in foreign infrastructure development and our unique model of development is an excellent illustration of how U.S. energy companies can thrive in emerging markets on a strictly commercial basis. Sun Africa remains committed to harnessing Africa’s immense energy resources through innovative structures, state-of-the-art technology and strong alliances while maintaining our long-standing market-based approach to development.  At Sun Africa, we believe energy development on the continent truly represents an opportunity for win-win partnerships and look forward to sharing our experience.”

Simon Gosling, MD of EnergyNet added: “This summit has always been about bringing together African countries seeking investment with U.S.-based investors who see the vast potential on the continent.  It is more important than ever to establish the crucial energy projects that Africa needs. PAS25 will put the continent center stage and make sure that both sides have a future relationship to be excited about.”

Media Credentials Requited for Powering Africa Summit

The Secretary will open the Summit on 6 March, delivering a Keynote Speech at 09:45, followed by a Fireside Chat with Mission 300 Accelerator CEO, Andrew Herscowitz.