About Afrotopia Capital


Afrotopia Capital Ltd is an investment company incorporated in Republic of Mauritius. It is specialized in acquiring significant minority or majority stakes in privately held and family-owned businesses that operate in Francophone West and Central Africa.

Afrotopia Capital’s investment team is based in Abidjan, Côte d’Ivoire. This presence on the ground:

Value creation approach

Afrotopia Capital has adopted a business model that fits the specific needs of African markets. This model favors a long-term approach with a strong focus on liquidity while retaining the flexibility provided by patient capital.

The preferred long-term investment horizon (6 to 8 years) allows the execution of transformative value creation plans in portfolio companies.

Afrotopia Capital’s investment team leads a group of dedicated resources that work collaboratively with sponsors and their management teams. This deep operational involvement is executed in a limited yet diversified portfolio of companies to ensure maximum effectiveness.

ESG and impact

Environmental, social and governance criteria (ESG) are key drivers of Afrotopia Capital’s investment decisions and value creation plans.

The screening of target companies and the monitoring of portfolio companies are based on clear and measurable ESG criteria.

Afrotopia Capital’s investment team conducts ESG due diligence activities before any investment is completed with the following objectives:

  • Outline corrective and pro-active actions to be implemented post-closing;
  • Set up a timetable to enact these changes and adopt ESG best practices.

An annual ESG review is conducted in portfolio companies. Constant monitoring of actual progress vis-à-vis ESG scorecard is established through precise reporting, clear objectives, and measurable performance criteria.

Geographic focus

Afrotopia Capital has a primary geographic focus on Francophone West and Central Africa which allows solid protection against currency volatility, superior deal sourcing through identification of proprietary and exclusive deals, cost containment, and greater operational efficiency.

Select opportunities for bolt-on acquisitions in neighboring Anglophone West African countries will be considered.

Primary focus on Francophone
West and Central Africa
Opportunities for bolt-on acquisitions in
Anglophone West Africa

Sector focus

Afrotopia Capital focuses on 5 sectors:

  • FMCG (food and non-food);
  • Retail;
  • Light manufacturing;
  • Agribusiness;
  • Business services.

Investment opportunities in healthcare and education will be considered selectively and on an opportunistic basis.