Verdant Capital is pleased to announce that the Verdant Capital Hybrid Fund has completed an additional USD 4.5 million investment in LOLC Africa Singapore Limited, bringing the total investment in LOLC Africa to USD 13.5 million. This follows the Fund’s initial USD 9 million investment in June 2023. Both investments are structured as holding company loans, directed towards LOLC Africa’s subsidiaries in Zambia, Rwanda, Egypt, Kenya, Tanzania, Nigeria, Malawi, Zimbabwe, Ghana, and the Democratic Republic of Congo.

As the first external investor in LOLC Africa, the Fund is playing a catalytic role in expanding LOLC’s financing footprint for micro, small, and medium enterprises (MSMEs) across the continent. The Fund’s Technical Assistance Facility has also supported Social Ratings and Client Protection Pre-Certifications for subsidiaries in Zambia and Egypt, with more technical assistance initiatives underway.

LOLC, founded in Sri Lanka in 1980, entered the African market in 2018 and is globally recognized as a top-performing microfinance group. Its business model focuses on financial inclusion at the “bottom of the pyramid,” aiming to enhance access to MSME finance, customer deposits, and economic opportunity across underserved regions.

The Fund’s investment will further strengthen the capital base of LOLC Africa’s existing and potential subsidiaries, while supporting its socially responsible growth model. These investments align with Verdant Capital’s mission to back top-tier, high-impact financial institutions driving inclusive growth across Africa.

About Verdant Capital
Verdant Capital is a leading Pan-African investment bank and investment manager with offices in Johannesburg, Ebene, Accra, Harare, Kampala, Kinshasa, and Frankfurt. It is licensed by the Financial Services Commission (Mauritius), authorised by the Financial Sector Conduct Authority (South Africa), and is a BaFin-registered AIFM.

The Verdant Capital Hybrid Fund invests in hybrid capital instruments—including subordinated debt, mezzanine instruments, preference shares, and stapled structures—targeting inclusive, digitally enabled financial institutions serving MSMEs. The Fund currently has USD 38 million in commitments, with a target of USD 100 million at final close in 2024.

For more information, visit: www.verdant-cap.com

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