19 June 2026, Cape Town, South Africa – On the sidelines of the Africa Energy Forum, Anzana Electric Group (AEGL) and Convergence Partners Energy Finance (CPEF) today announced that they have entered into indicative terms for a proposed US$20 million structured capital investment into Anzana, to support the company’s acquisition pipeline and project development across its African hydropower and distribution platform.
The proposed facility would fund near-term M&A and project development, with capital weighted toward operating and brownfield assets in Anzana’s core markets including the Lobito Corridor. It is intended to bridge the platform to its next phase of growth and a larger capital raise as its asset base matures.
“This proposed partnership gives us the right kind of capital at the right point in our growth,” said Brian Kelly, Chief Executive Officer of Anzana Electric Group. “Convergence Partners Energy Finance understands African energy from the ground up. They are not just providing funding, they are backing a thesis we share: that distributed hydropower and distribution infrastructure can be built into scalable, bankable platforms across the continent.”
“Africa’s energy transition is held back not by a shortage of capital, but by a shortage of the right capital,” said Laurentius Human, Managing Partner: Convergence Partners Energy Finance. ” We focus on the gap between bankable and scalable. We sit in the risk stack alongside our partners, not above them. What we bring is not only financial capital but also knowledge capital: the deep African energy and operational experience that helps platforms like Anzana unlock value others cannot reach. Anzana is precisely the kind of business this instrument was built for.”
The proposed investment remains subject to the completion of due diligence, definitive documentation, and the parties’ respective approvals.
About Anzana Electric Group
Anzana Electric Group is a leading developer, investor, and operator of hydropower and grid distribution projects across Africa. With presence in East, Central, and Southern Africa, Anzana delivers reliable, affordable power to communities, businesses, and industries. Its innovative approach to partnerships with government, development funders, and private sector in the region is intended to unlock the potential that electricity infrastructure can bring to economic growth. Anzana is backed by private American investors and Gridworks Development Partners, an Africa-focused electricity transmission and distribution investor wholly owned by British International Investment.
About Convergence Partners Energy Finance
Convergence Partners Energy Finance (CPEF) is a structured capital vehicle within the Convergence Partners group borne out of an acknowledgment that energy and digital infrastructure increasingly require simultaneous development. A Mauritius-based permanent capital vehicle, CPEF provides mezzanine and structured capital to growth-stage businesses across the African energy technology ecosystem – capital engineered to behave like equity, designed to bridge bankable companies to scale without forcing premature dilution or transferring control.
