Africa’s Quiet Capital Shift: What Nigeria’s First $1B PE Story Teaches Us

How Nigeria’s $1B PE Firm Redefined African Investment. In Nigeria’s investment story, few chapters are more pivotal than the rise of African Capital Alliance. From MTN to manufacturing, ACA’s trajectory from $35 million to over $1.2 billion AUM reveals the true playbook for long-term capital success in emerging markets. Read our breakdown of what made it work, and why it still matters.