African Development Bank

The African Development Bank (AfDB), founded in 1964 and headquartered in Abidjan, Ivory Coast, is a multilateral development finance institution dedicated to promoting economic and social progress in African countries. It provides a range of financial products, including concessional loans, guarantees, lines of credit, and risk management tools, aimed at supporting development projects and programs. The bank collaborates with national and international development institutions to foster investments from both public and private sectors, focusing on initiatives that reduce poverty and enhance living conditions. The AfDB comprises three entities: the African Development Bank, the African Development Fund, which offers concessional financing to low-income countries, and the Nigeria Trust Fund. Additionally, the institution offers technical assistance to enhance project selection, preparation, and capacity-building efforts across the region.

Mahib Cissé

Chief Investment Officer

Arun Kumar

Principal Investment Officer

Past deals in West Africa

Ecobank

Post in 2021
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, is a banking institution that provides a comprehensive range of retail, corporate, and investment banking services across Africa and internationally. The bank operates through three main segments: Corporate & Investment Banking, Commercial Banking, and Consumer Banking. Its offerings include various account types, personal and asset acquisition loans, mortgages, and payment cards, along with internet and mobile banking services. Additionally, Ecobank provides bancassurance, remittances, foreign exchange, trade finance, and cash management services. The bank serves a diverse clientele, including individuals, multinationals, government agencies, and small to medium-sized enterprises. With a network of 888 branches and over 2,460 ATMs, Ecobank has positioned itself as a key player in the West African banking sector, addressing the needs of a region previously dominated by foreign and state-owned banks.

Foodlocker

Grant in 2020
Foodlocker Limited operates a platform for foodstuff and grocery items in Africa. It offers baby food, baking, biscuit, cereals, condiments, drinks, fish, fruits, kitchen items, meat, oil, pasta, poultry, processed food, provisions, snacks, staples, sweets, tubers, and vegetables. The company is based in Ibadan, Nigeria.

Farmerline

Grant in 2019
The Farmerline vision is to see an Africa where Agriculture NGO’s are not a functioning force in the market. Farmerline provides paid services that allow farmers to have the information and access they need to employ an entrepreneurial method of farming. Input dealers and traders pay for more efficient communication channels to farmers and farmers pay for information packages and services. In this vision, more food is produce, more food gets to market, and GDP from cash crop export soars.

Development Bank of Nigeria

Venture Round in 2018
Development Bank of Nigeria PLC offers finance and credit to eligible financial intermediaries. The company provides financing, partial credit guarantees, wholesale lending, partial credit risk guarantees, capacity building, and technical assistance to micro, small and medium scale enterprises (MSMEs); and small corporate in Nigeria on a market-conforming and fully financially sustainable basis. The company was founded in 2015 and is headquartered in Abuja, Nigeria.

Ecobank

Post in 2016
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, is a banking institution that provides a comprehensive range of retail, corporate, and investment banking services across Africa and internationally. The bank operates through three main segments: Corporate & Investment Banking, Commercial Banking, and Consumer Banking. Its offerings include various account types, personal and asset acquisition loans, mortgages, and payment cards, along with internet and mobile banking services. Additionally, Ecobank provides bancassurance, remittances, foreign exchange, trade finance, and cash management services. The bank serves a diverse clientele, including individuals, multinationals, government agencies, and small to medium-sized enterprises. With a network of 888 branches and over 2,460 ATMs, Ecobank has positioned itself as a key player in the West African banking sector, addressing the needs of a region previously dominated by foreign and state-owned banks.
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