Mediterrania Capital Partners eyes investment opportunities in Rwanda

Mediterrania Capital Partners, a key player in supporting the growth of mid-cap companies in Sub-Saharan Africa, is focused on sectors crucial for economic development such as healthcare, education, consumer goods, and financial services. With a portion of their fund allocated to West and Central Africa, the firm is now setting its sights on the East African market, with a specific focus on Rwanda. CEO Albert Alsina shared insights with CNBC Africa on the firm's investment strategy and impact across the continent. Mediterrania Capital Partners has been investing in Africa for the past 15 years, with around $1.2 billion invested in various companies. The firm's mission goes beyond delivering good returns for investors; they also aim to create significant social impact. With investments in 26 African countries, Mediterrania Capital Partners has already produced three unicorns, including the largest hospital group in South Africa, Agditel Group in Morocco. The firm has built over 40 hospitals in the past few years and successfully facilitated the IPO of several companies, supporting them in expanding regionally. Alsina highlighted the importance of not only generating returns but also bridging development gaps in African countries. Financial inclusion has emerged as a key sector for investment in Africa. The low level of bankarisation on the continent necessitates the presence of fintech companies to offer payment solutions, savings options, insurance products, and digital platforms. Mediterrania Capital Partners has invested in fintech firms like Cofina and Cash Plus, transforming them into vehicles for financial inclusion and touching the lives of over 200 million Africans. The firm's strategy involves investing, creating value, helping entrepreneurs scale up, and eventually exiting investments. Alsina emphasized that financial inclusion and fintech are pivotal for Africa's growth. Expanding into East Africa, Mediterrania Capital Partners sees Rwanda as a promising market due to the government's stability, business-friendly environment, and ambition to become a fintech hub for the region. The CEO expressed confidence in Rwanda's potential to lead the way in fostering financial services and the overall ecosystem in East Africa. Fintech has played a vital role in driving the growth of SMEs in the African market, according to Alsina. Financial services serve as the lifeblood of companies, enabling them to thrive. The firm's investments in Cofina and Cash Plus have supported SMEs by providing financing and enhancing financial inclusion for citizens. Mediterrania Capital Partners aims to create unicorns within Africa, with Agitel and TCC already surpassing billion-dollar valuations. These companies are not only leading in their local markets but are also evolving into regional players, contributing to the continent's economic development and prosperity.