Salama Capital — Kigali Atmospheric Landscape

Capital, institutional reform and investment execution for Africa’s next stage of growth

Salama Capital is a Kigali-based advisory firm led by Angelique K. Kantengwa. Led by a Harvard Kennedy School Mason Fellow with more than 35 years of experience across central banking, financial sector supervision, national social security governance, and development finance, we solve complex capital, governance, and execution challenges across Africa.

The gap between capital commitment and actual project execution is wider than it looks.

Governments, DFIs, and institutional investors face intense pressure to deploy growth capital, but the same bottlenecks keep showing up: unrefined project structuring slows diligence, complex governance friction stalls momentum, and underperforming institutional frameworks leak value.

35+ Yrs

Founder institutional leadership

$180M+

Confirmed FDI facilitated*

56+ Yrs

Combined sector expertise

Core Disciplines

Surgical precision across five core strategic pillars.

Through the integration of our foundational disciplines, we accelerate institutional readiness, market confidence, and sustainable impact.

Capital & Investor Readiness

Financial modelling, valuation, pitch and data-room preparation, transaction structuring, investor access and fundraising support.

AI for Business Growth

Pragmatic technology enablement, executive AI training, readiness diagnostics, workflow design, and responsible adoption to optimize financial and operational workflows, with technical cybersecurity, safety, and infrastructure delivery provided via partner MicroRisk Labs Ltd.

Gender-Lens Investing & Inclusion

Gender-smart investment criteria, inclusive pipelines, governance and impact metrics for funds, DFIs and enterprises.

Monitoring, Evaluation & Impact Assessment

Baselines, mid-term reviews, endlines, data-quality assurance and OECD-DAC-aligned evaluation.

Development & Strategic Advisory

Programme design, financial-sector strategy, institutional reform, SOE restructuring, PPP/blended-finance frameworks, technical assistance and policy execution.

PROMINENT SUB-PILLAR / CAPABILITY

Board Governance & Risk Oversight

Board effectiveness reviews, risk committees, investment governance, internal controls, and statutory compliance oversight—drawing on Angelique’s executive governance leadership across Bank of Kigali, Rwanda Social Security Board (Social Security Fund), and the National Tender Board.

Leadership

A partnership forged in institutional rigor and defined by visionary execution.

Angelique K. Kantengwa

Angelique K. Kantengwa

Founder & Managing Partner

Angelique Kantengwa is a senior advisory and transaction consultant with more than 35 years of leadership across central banking, financial-sector supervision, and development finance. She is a Harvard Kennedy School MPA graduate, former Senior Director of Financial Stability at the National Bank of Rwanda, and former Managing Director of the Rwanda Social Security Board.

Lina Rutaba

Lina Rutaba

Partner & Head of Transaction

Lina Rutaba is a transaction and strategic-finance adviser with 15 years of experience across Rwanda, France, Canada, and the United States. She leads corporate-finance, capital-structuring, and transaction-advisory work for governments, DFIs, banks, and growth companies. Lina has led more than 20 investment transactions totaling over USD 50M and contributed over USD 30M in FDI to Rwanda.

NETWORK & TRACK RECORD

An institutional network and track record established through the collective expertise of our Founder and Partners.

TRACK RECORD HIGHLIGHT

FCDO Manufacturing Africa

Strategic advisory and implementation support for large-scale manufacturing initiatives, driving industrial growth and investment readiness across the continent.

TRACK RECORD HIGHLIGHT

LuxDev Demonstration Fund

Management and oversight of demonstration funds focused on sustainable development and innovative financial instruments for emerging markets.

TRACK RECORD HIGHLIGHT

ISHEMA Programme

Leading implementations for the ISHEMA programme, bridging the gap between institutional policy and high-impact community-level execution.

High-performing enterprises and institutional leaders eliminate fragmentation before deploying capital

INVESTOR READINESS

Institutional-grade DCF models, clean corporate governance, and audit-ready data rooms from day one.

DIGITAL & WORKFLOW ADOPTION

Pragmatic, workflow-embedded digital and AI enablement that directly supports operational efficiency and readiness.

GENDER & IMPACT DESIGN

Embedded 2X Challenge and gender-smart metrics that attract dedicated DFI and impact capital.

TRANSACTION CLOSURE

Direct equity partner leadership with 55+ years of combined experience driving deals to close.

Our insights

All insights
DEVELOPMENT & STRATEGIC ADVISORY8 min read
Beyond Compliance: Structuring High-Yield Gender-Lens Investments Across East Africa

Beyond Compliance: Structuring High-Yield Gender-Lens Investments Across East Africa

Why gender-smart capital deployment generates superior risk-adjusted returns in emerging markets, and how institutional allocators can structure investable pipelines beyond basic 2X criteria.

AI & DATA5 min read
Responsible AI in Regulated African Financial Institutions: Moving from Pilots to Supervisory-Grade Adoption

Responsible AI in Regulated African Financial Institutions: Moving from Pilots to Supervisory-Grade Adoption

A practical governance and data roadmap for African commercial banks and DFIs to deploy predictive and generative AI workflows while complying with regional supervisory and cyber standards.

DEVELOPMENT & STRATEGIC ADVISORY9 min read
Unlocking Institutional FDI: What International Allocators Require from African Mid-Market Mandates

Unlocking Institutional FDI: What International Allocators Require from African Mid-Market Mandates

A strategic blueprint for mid-market African enterprises and sovereign sponsors preparing balance sheets, data rooms, and governance frameworks for global institutional investment.

HISTORICAL REACH

The Institutional Network.

Decades of structural leadership manifest in an unrivaled global relationship matrix.

TRUSTED BY
RDB
AFR
Global Gateway
McKinsey & Company
UNDP
Rwanda Green Fund
KIFC
FCDO
LuxDev
Manufacturing africa
BDO
RDB
AFR
Global Gateway
McKinsey & Company
UNDP
Rwanda Green Fund
KIFC
FCDO
LuxDev
Manufacturing africa
BDO
Garment and manufacturing workshop
READY WHEN YOU ARE

Let's build what's next

Get in touch and find out how we can help