COVENANT AFRICA

PARTNERS

Promises Kept. Built to Last.

VIRGINIA, USA · WEST AFRICA

Covenant Africa Partners brings long-term private capital to the priorities of the countries we serve. Public, PPP or strictly private projects: we invest as a partner to governments, development finance and private sponsors, inside one shared capital stack, building enterprises that create jobs, strengthen food security and endure.

Bring us a project Investor inquiries
Illustration: rice paddies at sunrise
Governments and authorities

A partner for your priority projects

Long-term capital that fits your mandate and works alongside your financing partners.

How we partner → Communities and cooperatives

Ownership in what is built

Jobs, training and a real share in the facilities your members supply.

How we work → Investors

Access, protected

Government-aligned projects inside a fund built to protect your capital.

For investors →

The opportunity

Africa is home to the world's fastest-growing economies.

11 of 15

of the world's fastest-growing economies are African, each growing over 6% a year.

1.5B

people, with a median age of about 19 — the youngest workforce on earth.

$2.5T

consumer market expected by 2030, driven by a growing middle class.

Yet, in the words of the Milken Institute:

The $2.5 Trillion Opportunity US Investors Can't Access

“The total amount invested through US funds is shockingly small, given the size of Africa's economic potential.”
British A. Robinson, Chair, Africa, Milken Institute International · November 2025

The capital exists. The projects exist. What US investors have lacked is access: a trusted partner on both sides to bring them together.That is why we started Covenant Africa.

Sources: Milken Institute (Oct and Nov 2025, citing McKinsey); UN Economic Commission for Africa; Pew Research Center. Figures rounded.

Why it matters

Where aid falls short, we build the foundations of lasting change.

AidOur foundations
Short-term reliefLasting change
DependencyAutonomy
Food shipped inFood grown and milled at home

We build the farms, mills, storage and power that let a community feed itself, earn a living and keep what it builds.

114.8T

CFA francs of investment planned under Côte d'Ivoire's 2026–2030 National Development Plan.

70%

of that investment is to come from the private sector.

7.2%

average annual growth targeted for 2026–2030.

Source: Côte d'Ivoire National Development Plan 2026–2030 (Council of Ministers, February 4, 2026). Figures rounded.

Illustration: baobab trees on the savanna at dusk

How it works

Every partner brings something real. Everyone comes out ahead.

  1. 1

    We align

    We start from national priorities and our partners' mandates, whether a public program, a PPP or a strong private project.

  2. 2

    We build the stack together

    Public programs, development finance, local banks and our equity in one plan, with each partner deploying capital in step against verified milestones. Most African projects never reach financial close; ours are built to.

  3. 3

    Communities own a share

    Local jobs, fair prices to farmers and suppliers, local ownership, and local leaders trained to run what we build.

  4. 4

    We give back

    The first 10% of our share of profits from every fund goes to the Covenant Africa Foundation: clean water, schools and health, chosen with each community.

Protected by design

Political risk insurance

Sought on every project from MIGA (World Bank Group) or the US DFC.

Currency discipline

The CFA franc is pegged to the euro, and export revenue earns hard currency.

Milestone release

Capital moves only against independently verified progress.

Incentives in writing

Tax holidays and investment-code benefits confirmed before we invest.

Debt at the project

Never guaranteed by the Fund; international arbitration in every contract.

Independent checks

Independent administrator and annual audit from first close.

Where we invest

Côte d'Ivoire, Ghana and Togo. One playbook, country by country.

We start where our relationships are deepest and government programs are clearest: three neighbors along one stretch of coast. Every new country follows the same playbook.

Côte d'IvoireGhanaTogoAbidjanAccraLomé
Côte d'Ivoire · first
Ghana · first
Togo · next

What we build

Food securityRice and staple crops
ProcessingCocoa, cashew, shea, palm, rubber
Poultry and feedFeed mills, poultry
Storage and logisticsDrying, warehousing, cold chain
Power and bio-energySolar, biomass, bio-fuels
Animal healthVeterinary vaccines

Current pipeline · Côte d'Ivoire

Current projects under review

Cocoa processing, an animal vaccine laboratory, palm oil and fruit juice processing, poultry and egg production, natural rubber processing, and a rice platform in the northeast. No commitments yet; further projects in Côte d'Ivoire, Ghana and Togo are welcome.

Illustration: grain silos, a rice mill and solar arrays at dusk

Who we are

Trusted on both sides of the Atlantic.

Matt Hoffman

Managing Partner & CEO

Founded Covenant Africa Partners to bring disciplined private capital to the projects African governments have already committed to build. US private fund manager and founder of Alphascend Capital Group.

Francis Kumako

Managing Director, Africa

Co-founder of Covenant Africa Partners. Born in Côte d'Ivoire, with more than 12 years in U.S. commercial banking. Leads origination, diligence, partnerships and country operations across West Africa.

Every project is built with an experienced technical and operating partner, chosen through our diligence. US and in-country counsel are being engaged; an independent fund administrator and auditor will be selected before first close.

Trusted access

Relationships at head-of-state and ministerial level across West Africa and beyond.

Projects come to us through governments and communities that want them built. We go where five things hold:

Political stabilityEconomic stabilityDebt under controlStable currencyLeaders committed to private capital

Kingdom business

Built on covenant, not extraction.

Too much of Africa's history with foreign capital has been taking out more than was put in. We exist to do the opposite: to build up Africa, so its people have the freedom to own, lead and prosper from what is built on their land.

Covenant

We keep our promises: faithful in year one and year ten, the same terms and the same truth for everyone at the table.

Build up Africa

We train and promote African leaders, place ownership with communities, and hand over what we build.

Shared prosperity

Fair prices to farmers, fair wages to workers, value processed at home, and investors rewarded for their trust.

Collaborative wins

Governments, communities, lenders and investors each come out ahead, or we do not proceed.

Excellence

Institutional standards in everything: verified milestones, independent audit, honest reporting.

Respect

For every person, for the beliefs and traditional leaders of every community, for the land, and for every dollar entrusted to us.

First-fruits

Jobs and fair wages come first. Then the first 10% of our share of profits from every fund goes to the Covenant Africa Foundation.

Intercession

Every partner, project and community we serve is covered in prayer. We seek wisdom before we seek returns.

Legacy

Local leaders, enterprises built to last for generations, and nations that feed and power themselves.

Covenant Africa is an impact firm built on Christian principles. We serve every community equally, regardless of faith, tribe or origin.

For investors

Make a difference inside a well-run fund.

Our investors want two things: impact that lasts and capital that is stewarded with discipline. We are built for both, for long-term investors who share our commitment to the countries we serve.

Fund I at a glance

Fund
Covenant Africa Development Fund I, LP (in formation)
Target size
$100 million
Investors
Verified accredited investors only, under Rule 506(c) of Regulation D
Fees
4% one-time development and organization fee; 2% annual management fee
Carried interest
20%, only after investors receive their capital back plus an 8% preferred return
First-fruits
10% of the firm's carried interest goes first to the Covenant Africa Foundation
Oversight
Independent administrator, annual audit, investor advisory committee

Proposed terms. Final terms are set only in the offering documents.

Long-term by design, with open books: quarterly financial and impact reports, an investment committee with an independent member, a written conflicts policy, and a Foundation with its own board.

For governments and partners

Bring us a priority project — public, PPP or private.

We work with ministries, local authorities, development finance institutions and private sponsors as a long-term partner inside one shared capital stack, fitting your mandate wherever possible.

What we look for

  • Projects aligned with national priorities, inside your mandate wherever possible
  • Partners ready to bring their share to the stack
  • An experienced sponsor or operator
  • A solid market and secure land tenure

What we bring

  • Patient, long-term equity capital
  • Access to experienced technical and operating partners
  • A coordinated capital stack with public programs, development finance and banks
  • US institutional standards of governance and reporting

Next steps

  1. 1

    Share

    You send us your priority projects and available studies.
    → An initial response and a dedicated contact.

  2. 2

    Review together

    Joint due diligence with your teams: site visits, studies, sponsors.
    → A clear answer: proceed, adjust or pass.

  3. 3

    Finance

    Financing built with your programs, development partners and banks.
    → One shared financing plan and timeline.

  4. 4

    Decide and build

    Our investment committee decides, then we sign.
    → Coordinated disbursement and local jobs.

Integrity in governance. We conduct every partnership in accordance with the highest international standards, including the UN Convention against Corruption (UNCAC) and the US Foreign Corrupt Practices Act (FCPA). Every commitment is made in writing, on the merits of the project.

  • Anyone who works with governments on our behalf has a written scope and a fixed fee, never a success fee.
  • No facilitation payments.
  • Giving is never a trade: Foundation grants follow their own independent process.

The Foundation

Two doors: invest, or give.

The Covenant Africa Foundation supports education, health, water, nutrition and relief in the communities where we work. It is being established as a separate charitable organization with its own board and books, funded first by ten percent of our share of profits and by donors. It will never receive investor capital.

How we give back, in four layers

In the business

Local jobs, fair wages, training and a path to management for the people who run what we build.

In every project

A community commitment written into every project's budget, agreed with local leaders before we build.

Through the Foundation

Education and trades, clean water and sanitation, health and nutrition, and relief when crises strike.

Alongside government

Where public money is budgeted for a road, water or a school, we add to it through written agreements with the local authority and the community.

Once the Foundation is established, donors will be able to give cash, stock, donor-advised fund grants and planned gifts. Giving and investing are always kept separate.

Contact

Start a conversation.

Governments, project partners and investors: tell us about the project, the program it serves and the partners involved, or what you would like to know about investing with us. We reply in English or French.

[email protected]Email

Investment opportunities are offered only to qualified investors through formal offering documents.