Africa Capital

About Us

In a market where the norm is to suspend reality and promote false dreams; where all that glitters is often not gold and where conflicts of interest abound, we aim to cut through the pretence.

Africa Capital makes investments in cash generating businesses within the SME sector where we see our resources and experience delivering accelerated growth towards a market leadership position.

Our Vision

To invest in potential that creates industry leaders.

Our Goal

Unlocking value through opportunity.

Our Values

Understanding specific situations, creating value through experience and innovation, and maintaining trust, transparency, and respect.

Intuition

To understand specific situations before they become general propositions.

Intelligence

To marry experience with human capital and financial engineering, creating value addition in each investment.

Integrity

To offer trust, transparency and respect in everything we do.

GEOGRAPHY

With physical offices in Dubai, Johannesburg and Nairobi we are well positioned to manage our investments in companies across the region.

Africa Capital is currently invested as a majority or significant minority shareholder in companies within the relocations, real estate, connectivity, AI related security and trade facilitation, logistics and health and wellness sectors.

These companies currently operate in 22 countries across Africa and the Middle East and jointly employ over 1000 people.

2004

After a decade long career as successful investment bankers, Kavit Handa and Alykhan Lalani take the bold step of founding The Intouch Group (a private equity focused business based in Dubai specializing in Africa and the Middle East.) Intouch Relocations is our first acquisition and SensAsia Urban Spas our first funding.

2005-2008

After a successful fundraise of USD 10 million, Intouch acquires, trades and grows a Dubai based residential portfolio, paying back investors USD 22 million and beginning the journey of proprietary investing.

2008

The D3 fund is successfully launched with the intent of creating the largest privately owned commercial landlord in the DIFC.

2012

Post disposal of oil and gas investments in Kenya, Intouch Capital is rebranded Africa Capital.

2014

Africa Capital lead the acquisition of Elliot Relocation services in South Africa (Africa’s largest destination service provider) This is rebranded and bolted onto Intouch Relocations creating the largest DSP in the Middle East & Africa. Africa Capital also acquires the rights for oil Blocks L4 & L14 in Kenya.

2015

Africa Capital co-founds ReturnHound with Aramex PJSC. AFCAP exits Dubai Luxury Homes LLC to Sothby's International Real Estate allowing them to create their presence in the Middle East.

2016

Africa Capital sells down its rights to Blocks L4 & L14 to Midway Resources who spend USD 50 million further developing the site post acquition.

2018

Africa Capital in a negotiated settlement buys out all limited partners. Return Hound is fully acquired by Aramex PJSC

2020

Africa Capital completes Level 8, the largest single plug and play office space in the DIFC.

2022

Africa Capital restructures with the founders choosing to pursue different paths. Kavit Handa remains Chairman and founds AFCAP Consulting to explore opportunities around community impact and economic upliftment.

2023

Afcap Consulting joins forces with Elcome Ltd to create Karibu Holdings who in partnership with Starlink (SpaceX) will provide a digital blanket across various rural communities in Kenya, Mozambique, South Sudan and Sierra Leone.

2024

Africa Capital exits Level 8 in the largest single property sale recorded in the DIFC in 2024.