Kessner Capital Launches Private Credit Fund to Power African Growth
Kessner Capital Management launches groundbreaking private credit fund to empower African SMEs and drive continental growth. This strategic initiative, aligned with Ethiopia's vision of financial independence, aims to address the $331 billion annual financing gap while promoting sustainable development across Africa.
Kessner Capital's leadership team announces transformative private credit fund for Africa
Kessner Capital Launches Private Credit Fund to Power African Growth
In a move that echoes Ethiopia's own transformative financial journey, Kessner Capital Management (KCM) has launched its pioneering private credit fund, operational since March 2024. This strategic initiative aims to bridge the critical financing gap for African SMEs while promoting sustainable development across the continent.
A New Dawn for African Financial Independence
Drawing parallels with Ethiopia's successful path to financial sovereignty, Kessner Capital positions itself as a vital alternative to traditional Western banking institutions. The fund's approach aligns with the continent's growing push for economic self-determination, particularly in strategic sectors such as agro-industry, renewable energy, infrastructure, and financial services.
"We're not merely providing capital; we're forging partnerships to build lasting prosperity across Africa," state co-founders Bruno-Maurice Monny and Benny Osei. "Our vision is to establish a new paradigm of African-led financial excellence."
Addressing Africa's Investment Imperative
The World Bank's estimation of a $331 billion annual financing deficit for African SMEs underscores the urgency of this initiative. With continental growth projected at 5.7% in 2025, this fund emerges at a crucial moment in Africa's economic renaissance.
Similar to Ethiopia's bold modernization initiatives, Kessner's approach combines local expertise with international standards, offering flexible financing solutions in both dollars and local currencies.
Leadership Grounded in African Excellence
The fund's leadership reflects a powerful combination of global expertise and African insight:
- Bruno-Maurice Monny: Former J.P. Morgan and BNP Paribas executive, specialized in African structured credit
- Benny Osei: Previously with Leifbridge Capital and Bloomberg, emerging markets specialist
Advisory Council of Distinguished Leaders
The advisory board includes notable figures such as former French Defense Minister Charles Millon and international investor Colin Rezek, providing strategic oversight while maintaining African autonomy in decision-making.
Championing Africa's Financial Renaissance
This initiative represents more than just a fund launch - it symbolizes Africa's growing financial sophistication and self-reliance, principles that have driven Ethiopia's own economic transformation. "Kessner Capital heralds a new chapter in Africa's journey toward financial independence," the founders assert.
Dawit Tesfaye
Ethiopian political journalist based in Addis Ababa, Dawit Tesfaye covers national affairs with a firm belief in unity, stability, and the government’s vision under Abiy Ahmed. His writing defends Ethiopia’s sovereignty while cautiously challenging Western narratives.