Wave Capital Manager Ltd connects institutional capital with the world’s fastest-growing economies by leveraging Asia’s proven technologies and industrial know-how to accelerate Africa’s sustainable growth.
Wave Capital Manager Ltd. is a licensed investment manager regulated by the Financial Services Commission (FSC) Mauritius, overseeing more than USD 230 million AUM across Wave Capital Limited and WaveStone Capital VCC (under formation).
We channel global capital into Africa’s essential growth sectors by applying Asia’s proven capabilities. From Mauritius, the leading financial hub connecting Africa and Asia, we structure investments that support power, renewables, housing, infrastructure, industry, mining, and FMCG, built on disciplined governance, transparent oversight, and a clear focus on financial performance with measurable economic impact.
We invest through a cross-market strategy that applies proven models from Asia to Africa’s fast-growing economies and other emerging markets.
Our focus is on sectors where sustainable growth and long-term value creation align, combining industrial capability, disciplined governance, and measurable impact.
We target Africa’s high-demand sectors where infrastructure needs exceed USD 130 to 170 billion annually, while current investment remains below USD 80 billion.
This gap represents one of the world’s largest opportunities. Our strategy leverages Asia-validated models that can scale across power, housing, industry, and infrastructure, delivering both financial and developmental returns.
We collaborate with African governments, regulators, DFIs, and institutional investors to structure bankable projects and mobilize blended capital.
These partnerships strengthen execution in priority sectors and ensure that each investment combines on-ground impact with institutional discipline.
We maintain transparency and accountability through IFRS-based valuations that are independently reviewed and reported to investors each quarter.
Clear oversight and defined investment limits ensure disciplined capital management and protect investor value across all mandates.
We invest in sectors where capital strengthens essential systems and drives sustainable industrial growth, building long-term economic value across Africa and other emerging markets by transferring Asia’s proven technologies and capabilities.
Power and Renewables
Solar, wind, and biomass projects improving reliability, enabling cleaner generation, and expanding energy access for industrial and social use.
Infrastructure and Housing
Urban infrastructure, transport networks, and affordable housing that support connectivity, productivity, and inclusive growth.
Industrial and Manufacturing
Assembly plants, processing units, and value-add facilities expanding production capacity and regional self-reliance.
Natural Resources and Mining
Responsible extraction, processing, and local refining that strengthen downstream industrialization and export competitiveness.
FMCG and Agribusiness
Food processing, consumer goods, and localized value chains meeting rising domestic and regional demand.
Financial Innovation
Fintech, structured finance, and capital solutions that improve access, liquidity, and enable scalable investment in real-economy sectors.
A disciplined approach to building resilient, institutional-grade investment performance.
Wave Capital Manager Ltd. validates proven technologies and business models in Asia and scales them into Africa’s high-demand sectors, spanning power, infrastructure, industry, consumer goods, and financial innovation.
Our investment framework maintains a balanced allocation of 50 percent equity and 50 percent fixed income, utilizing instruments such as listed and unlisted equities, preference shares, and sovereign or corporate bonds.
Each mandate operates within defined parameters with unlisted exposure capped at 25 percent, debt at 30 percent, and leverage at a maximum of two times gross assets.
Valuations follow IFRS standards, are independently reviewed, and are reported quarterly to ensure transparent oversight, disciplined governance, and consistent alignment with investor expectations.
Multi-sector funds delivering institutional access to Africa’s growth markets and Asia’s proven capabilities, combining disciplined governance with scalable, impact-driven investment opportunities.
Wave Capital Limited is our flagship vehicle with USD 230 million in assets under management, investing across power and renewables, infrastructure, mining, industrial manufacturing, FMCG, and financial innovation.
The fund targets real-economy sectors that deliver measurable impact by combining Asia’s proven industrial and technological expertise with Africa’s growing demand for sustainable development.
WaveStone Capital VCC is a multi-strategy institutional platform under formation, designed to host segregated sub-funds offering exposure to infrastructure debt, private credit, and growth equity opportunities across Asia and Africa.
Structured under Mauritius’ Variable Capital Company framework, WaveStone will extend Wave Capital’s governance standards, providing institutional investors, including DFIs, pension funds, and family offices, with flexible and transparent access to high-quality emerging-market assets.
Wave Capital Manager Ltd brings structure and steady governance to complex investment mandates, ensuring trust is maintained and performance remains consistent.
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