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Sanlam Alternative Investments has become the first private institutional shareholder in Africa GreenCo Group Limited, investing US$10 million for a 10 percent stake.
Africa GreenCo Group Limited said Sanlam Alternative Investments’ commitment affirms the conviction that Africa’s energy transition would scale only when the continent had its own creditworthy, commercially bankable market infrastructure.
The company described the investment as a step toward building that infrastructure in a statement issued in Lusaka on Friday May 22, 2026.
GreenCo stated that its integrated, creditworthy offtake and trading platform aligned strongly with Sanlam Alternative Investments’ mission to become the premier sustainability-led impact investor in Africa and globally.
The investment is expected to further scale GreenCo’s trading operations.
GreenCo reported that it had traded more than 2 Terawatt-hour of electricity to date and held the highest purchase-side market share across SAPP’s competitive markets and also has significant renewable capacity at commercial operation.
“Over the past decade, Sanlam Alternative Investments has deployed more than K17 billion into 40 sustainable infrastructure projects across Africa. The projects were delivered through managed funds, including Sanlam Alternative Investments’ Sustainable Infrastructure Fund,” the company said.
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GreenCo said this layer determined whether new generation reached financial close and whether private power could be moved efficiently across countries and the region.
The firm described itself as a pioneering renewable energy trader and buyer accelerating the energy transition across the Southern African Power Pool.
“The company’s model is strengthened by the support of GuarantCo, part of the Private Infrastructure Development Group, which is internationally rated AA- by Fitch and A1 by Moody’s,” it said.
GreenCo stated that it occupied the part of the energy value chain that determined whether new power generation was actually delivered.
Mark Moorhouse, Executive Head of Infrastructure Finance, said the investment was a natural extension of more than a decade of infrastructure investment across the continent.
Moorhouse stated that this had been done through backing the market architecture that allowed Africa to finance its own energy transition on commercial terms, while supporting the reliable, increasingly low-carbon power that economic growth depends on.
He said the company had been a pioneer in the clean energy ecosystem of South Africa and the wider continent.
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