# African Development Funding Group

African Development Funding Group is a Private Equity based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Hong Kong, Hong Kong
- **Assets under management:** Undisclosed
- **Website:** adfgroupltd.com
- **LinkedIn:** linkedin.com/company/african-development-funding-group-ltd

## Regulatory record

- **Reports private funds:** No

## About

ADF Group was originally founded as an investment company focused on Africa. As part of its expansion strategy in 2013, the head office was established in Hong Kong and its scope of operations was transformed to include other developing regions and specific advanced markets. It has since evolved into an international fund management and private equity company with interests spanning Asia, Europe and Africa.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Venture (General)

## Offices

- Sandton, Johannesburg, South Africa

## People

- Dr. Gyeun Kim — Chairman, President Asia
- Mr. Willah Joseph Mudolo — President, Global Operations
- Mr. Duncan Oduor Otieno — Vice Chairman, President Africa
- Ms. Catherine Kum — Executive Director, CEO Hong Kong
- Babatunde Stephen Odesanya — Ag. Director, Group Compliance
- Mr. Anthony Mokhele — Chief Executive Officer ADF Group South Africa
- Ms. Catherine Kum — Chief Executive Officer ADF Group Hong Kong
- Mr. Andre Vorster — Managing Director - ADF Technology (Pty) Limited
- Mr. Honorius Makombo — Managing Director - ADF Construction (Pty) Limited
- Mr. Michael Gutter — Managing Director - ADF Mining (PTY) Ltd.
- Mr. Philip Sevenster — Managing Director - ADF Estates (PTY) Ltd.
- Mr. Jasper Johannes Prinsloo — Managing Director - ADF Security (Pty) Ltd.
- Mr. Jose da Costa — Managing Director - ADF Plant Lease & Hire (PTY) Ltd.
- Dr. Graham B. A. Hukins — Managing Director - ADF Health (Pty) Limited
- Mr. Dennis de Beer — Managing Director - ADF Agriculture (Pty) Ltd
- Mr. Geoffrey Carter — Managing Director for ADF Commodities (PTY) Ltd.
- Mr. Geoffrey Carter — Managing Director for ADF Commodities (PTY) Ltd.

## Questions

### How does African Development Funding Group structure its investments?

The firm channels investments through wholly-owned operating companies organized into primary (mining, agriculture), secondary (construction, real estate), and tertiary (technology, health, security, retail) economic sectors. This creates a direct operating posture rather than relying solely on third-party fund commitments. The structure allows the firm to handle execution activities across select geographies under one parent umbrella.

### What investment strategies does ADF Group pursue?

The firm pursues four stated strategies: asset and wealth management services, government infrastructure project financing, private equity and debt investments in businesses with strong growth potential, and financial consultancy services for government and major entities seeking to leverage assets. Deal types span venture capital, buyouts, restructurings, and recapitalizations.

### Where does African Development Funding Group operate geographically?

The firm's headquarters are in Hong Kong, giving it an Asian and emerging-markets vantage point. It also maintains a physical office in Sandton, Johannesburg, South Africa, which anchors its African deal execution and relationship networks. This dual-hemisphere presence shapes its government-facing and direct-investment pipeline.

## Related profiles

- [African Capital Alliance](https://altss.com/profile/african-capital-alliance)
- [Agile Partners](https://altss.com/profile/agile-partners)

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Last updated: 2026-08-11T15:05:57.154Z

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