Lagos, Nigeria, 24 February, 2026 – Grene Capital Management Nigeria Limited (“Grene Capital”) has announced the completion of a management buyout that will see the firm operate as an independent, Africa focused real asset fund manager, spun out from the growth market infrastructure investor, Actis.

Grene Capital was established to invest in stabilized, institutional quality real estate offering institutional investors steady predictable cash flows and a hedge against inflation.  The firm currently manages a closed-end real estate fund with approximately US$82 million in assets under management. The fund, raised primarily from Nigerian pension funds, has invested in two institutional-quality assets: Jabi Lake Mall in Abuja and Heritage Place office building in Ikoyi, Lagos. 

The existing leadership team has led the fund since its inception at Actis, and will continue to manage and expand the portfolio, supporting continuity in strategy, operations and investor commitments. 

Funke Okubadejo, Managing Partner/CEO of Grene Capital Management Nigeria Limited, noted:

“This transition strengthens our ability to operate as a fully independent Africa focused real asset investment manager while maintaining continuity for our investors and partners. Our focus remains on disciplined asset selection, active asset management and delivering stable, inflation hedged cash flows and attractive risk adjusted returns from high-quality assets in key gateway cities in Nigeria and other parts of Africa”. 

The transaction follows a strategic refocus of Actis’ real estate investment approach towards investments in Asia, and to digital infrastructure investments across Asia, Latin America and the Middle East. Actis remains active in the broader infrastructure and energy sectors in Africa.

David Morley, Vice Chairman at Actis added:  

“Ownership of the fund manager has transitioned to a highly experienced leadership team that has been responsible for the fund’s strategy and performance from the start. Grene Capital’s operations, assets and investment approach remain unchanged, and we are supportive of a smooth transition as the business continues under independent ownership.” 

Grene Capital’s investment strategy continues to prioritise defensible, stabilised assets. Its mission is to mobilise institutional and private capital into resilient real assets delivering enduring value for investors and sustainable growth for the markets served.

The transaction has received the required regulatory and LP approvals, including from the Securities and Exchange Commission of Nigeria and the Federal Competition and Consumer Protection Commission of Nigeria.

About Grene Capital Management Nigeria Limited

Grene Capital Management Nigeria Limited is a Nigerian-based private equity fund manager licensed by the Securities and Exchange Commission of Nigeria. It focuses on investing in income-producing, stabilised real assets in Nigeria and selected Sub-Saharan Afr• 1.5 MWp installation delivers 175,000 kWh of clean energy monthly
• Expansion significantly reduces diesel reliance and strengthens operational resilience at one of Grene Capital’s flagship assets
• Builds on Jabi Lake Mall’s pioneering status as Nigeria’s first solar-powered mall

Lagos, 06 July 2026 — Grene Capital, the Africa-focused real assets manager, today announced the completion of a major solar expansion at Jabi Lake Mall in Abuja, further strengthening the asset’s position as one of Nigeria’s leading retail and lifestyle destinations.

The original 600 kWp installation established Jabi Lake Mall as Nigeria’s first solar-powered mall and one of the earliest large-scale renewable energy deployments in the country’s retail sector. The latest expansion, delivered in strategic partnership with Elektron Renewables acting as project developer, builds on that foundation and demonstrates continuity in investment philosophy. The expansion adds 900 kWp of photovoltaic capacity to the mall’s existing solar installation, increasing total installed solar capacity to 1.5 MWp.

“This project reflects how disciplined, long-term capital investment can strengthen an asset’s performance and resilience at the same time,” said Tolu Sokenu, Partner at Grene Capital. “We look for opportunities to enhance the quality and relevance of our assets in ways that create lasting value — and future-proof a market-leading mall.”

According to Sianny Ayodele, Head of Elektron Renewables: “Distributed renewable energy is becoming increasingly central to the resilience and efficiency of commercial and industrial assets across Africa. Projects like Jabi Lake Mall show how institutional capital can accelerate the deployment of scalable energy infrastructure that strengthens asset resilience, improves energy stability, and delivers measurable development impact while supporting long-term economic growth.“

The upgraded system is expected to generate approximately 175,000 kWh of clean electricity monthly, offset diesel generation and avoid about 1,680 tonnes of CO₂ emissions annually while enhancing resilience to grid volatility and rising energy costs. This reinforces Grene Capital’s ESG strategy, integrating environmental responsibility, operational efficiency, and long-term asset resilience across its portfolio.

About Grene Capital            

For media enquiries, please contact:

• Grene Capital Ese Adejuwon  info@grenecapital.com 
• Actis   Sarah Douglas Sdouglas@act.is