Enko Capital has announced that its Impact Credit Strategy, which recently reached a first close of US$100 million, has made a strategic investment in Metalosul, an Angolan subsidiary of the Omatapalo Group.
The financing will support the acquisition of photovoltaic panels for a 724 MW solar infrastructure project in Luanda, one of the largest renewable energy developments in Angola.
This investment provides flexible, long-term private credit to accelerate the delivery of clean energy infrastructure while expanding access to reliable electricity in the country.
Investment Details and Objectives
The transaction will fund the procurement of essential photovoltaic panels and related infrastructure components for the large-scale solar facility.
By deploying capital through its Impact Credit Strategy, Enko Capital is supporting a project that contributes directly to Angola’s energy diversification and decarbonisation goals.
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The investment reflects Enko Capital’s focus on providing patient, flexible financing to mid-market companies delivering climate-resilient infrastructure with measurable environmental and social impact.
Leadership Commentary
Pedro Martins, CFO of Omatapalo Group, stated:
“This collaboration with Enko Capital represents an important step for Omatapalo Group as we accelerate the delivery of sustainable energy infrastructure in Angola. Beyond the financing, this partnership reflects a shared commitment to drive the energy transition, expand access to reliable energy, and create long-term value for our communities.”
Saad Sheikh, Partner at Enko Capital, added:
“Our flagship investment in Metalosul and the Angolan solar PV project demonstrates our unwavering commitment to translate climate commitments into concrete infrastructure that delivers clean electricity and builds local capacity.”
Strategic Significance
This transaction highlights the increasing role of private credit in financing Africa’s energy transition.
It also reinforces Enko Capital’s strategy of supporting scalable, high-impact infrastructure projects in frontier markets, where traditional financing options are often limited.
The 724 MW solar development is expected to make a meaningful contribution to Angola’s power generation capacity, reduce reliance on fossil fuels, and support broader economic and social development in the region.
Looking Ahead
Enko Capital’s investment in Metalosul through its Impact Credit Strategy provides critical long-term financing for Angola’s 724 MW solar PV project in Luanda.
This transaction accelerates the delivery of large-scale clean energy infrastructure while demonstrating the growing importance of private credit in Africa’s renewable energy sector.
Enko Capital Overview
Enko Capital Management LLP is a London-based African investment management firm founded in 2008, specialising in public debt, private credit, private equity and frontier market investments across Africa.
The firm operates offices in London, Johannesburg, Abidjan and Mauritius.
Enko Capital AUM: Enko Capital manages approximately US$1.6 billion in assets under management (AUM) across its investment strategies, according to the firm’s latest corporate information.
Earlier 2025 reports cited AUM between $1.3 billion and $1.4 billion, reflecting continued growth.
