AfricInvest

Founded in 1994, AfricInvest is a Tunisia-based private equity firm with dedicated teams focused on North Africa and Sub-Saharan Africa. It manages USD1 billion across multiple funds, supported by local and international investors. The firm has invested in over 135 companies across 25 African countries, spanning high-growth sectors such as financial services, agribusiness, consumer/retail, education, and healthcare.

Omar Bekkali

Partner

Cherif Bouattour

CFO

Brahim El Jaî

Senior Partner

Anis Fathallah

Senior Partner

Karim Ghedamsi

Senior Partner

Samia Ghorbel

Partner

Khaled Ben Jennet

Partner

Faisal Jiwa

Senior Partner

Anis Kallel

Senior Partner

Hakim Khelifa

Partner

Khalil Lakhoua

Partner and Deputy Chief Investment Officer

George Odo

Senior Partner and Managing Director, East Africa

Skander Oueslati

Chief Investment Officer and Deputy Managing Director

Mohamed Sebti

Partner

Yazid Taalba

Senior Partner and Managing Directorr

Karim Trad

Co-Founder, Partner and Executive Director

Past deals in Sub Saharan Africa

Lapaire Glasses

Venture Round in 2024
Lapaire Glasses manufactures and sells eyewear and provides eye-care services across Africa, offering prescription eyeglasses, sunglasses and fashion eyewear with lenses and tailored testing. Using technology, it provides free vision tests and affordable eyewear to lower- and middle-income populations through online orders, mobile clinics, free delivery and flexible payment options. The company serves customers in Kenya, Uganda, Ivory Coast, Burkina Faso and Mali, with East African and West African operations headquartered in Nairobi and Abidjan respectively. Founded in 2018 in Nairobi, Lapaire aims to improve access to eye health for millions of Africans who need eyeglasses but cannot afford them.

Africa Healthcare Network

Venture Round in 2023
Africa Healthcare Network is a provider of dialysis services across Sub‑Saharan Africa, operating the region’s first dialysis chain in Rwanda, Tanzania and Kenya. The company supplies high‑quality, life‑saving dialysis for acute kidney injury and end‑stage renal disease at affordable prices. It addresses the scarcity of dialysis centers by training local professionals, sourcing low‑cost consumables, and implementing efficient operations. By expanding access to reliable treatment, the network reduces travel burdens and costs for patients, improving outcomes while maintaining financial sustainability.

Africa Healthcare Network

Debt Financing in 2023
Africa Healthcare Network is a provider of dialysis services across Sub‑Saharan Africa, operating the region’s first dialysis chain in Rwanda, Tanzania and Kenya. The company supplies high‑quality, life‑saving dialysis for acute kidney injury and end‑stage renal disease at affordable prices. It addresses the scarcity of dialysis centers by training local professionals, sourcing low‑cost consumables, and implementing efficient operations. By expanding access to reliable treatment, the network reduces travel burdens and costs for patients, improving outcomes while maintaining financial sustainability.

Mara Ison Technologies

Private Equity Round in 2023
Mara Ison Technologies is a pan-African IT services company headquartered in Nairobi, Kenya, with operations in 23 African countries, Dubai, and India. The company specializes in providing end-to-end IT services and solutions across various sectors, including telecommunications, banking, financial services, government, oil and gas, and hospitality. Its core offerings encompass consulting and systems integration, managed services, and strategic outsourcing. By leveraging its deep domain expertise and established methodologies, Mara Ison Technologies delivers comprehensive support to blue-chip companies, ensuring efficient IT service management and infrastructure solutions. With regional hubs in Nigeria, the Democratic Republic of Congo, and Kenya, the company is well-positioned to meet the diverse needs of its clients across the continent.

Fidelity Bank Ghana

Private Equity Round in 2022
Fidelity Bank Ghana offers a range of banking services including current and savings accounts, internet and mobile banking, executive banking, corporate finance, mortgage, trade financing, treasury management, and promotions. It also supports government electrification projects through financing independent power providers.

onafriq

Series C in 2022
MFS Africa Limited is a leading provider of mobile money interoperability in Africa, facilitating seamless money transfers and payments across the continent. Established in 2009 and headquartered in Accra, Ghana, the company connects mobile network operators through a unified API, enabling a range of services including remittances, merchant and bulk payments, as well as bank-to-wallet transfers. MFS Africa serves various stakeholders, including money transfer operators, banks, and mobile money operators, by offering alternatives for remittances, micro-lending, micro-insurance, and micro-savings. With additional offices in key African cities and London, MFS Africa plays a crucial role in enhancing financial connectivity and promoting financial inclusion across the region.

onafriq

Series C in 2021
MFS Africa Limited is a leading provider of mobile money interoperability in Africa, facilitating seamless money transfers and payments across the continent. Established in 2009 and headquartered in Accra, Ghana, the company connects mobile network operators through a unified API, enabling a range of services including remittances, merchant and bulk payments, as well as bank-to-wallet transfers. MFS Africa serves various stakeholders, including money transfer operators, banks, and mobile money operators, by offering alternatives for remittances, micro-lending, micro-insurance, and micro-savings. With additional offices in key African cities and London, MFS Africa plays a crucial role in enhancing financial connectivity and promoting financial inclusion across the region.

PalmPay

Series A in 2021
PalmPay is a leading Africa‑focused fintech platform that offers a secure, user‑friendly mobile payment application. It provides reliable and affordable financial tools, enabling users across the continent to earn rewards, make payments, buy airtime, transfer money, and request funds quickly and without stress. The platform delivers top‑tier products directly into the pockets of everyday Nigerians, promoting economic empowerment and inclusive financial services.

Prime Bank

Private Equity Round in 2019
Prime Bank Limited is a financial institution based in Nairobi, Kenya, incorporated in 1992. The bank offers a range of banking products and services, including online banking and various financial services tailored to meet the needs of its customers. With a commitment to providing accessible and efficient banking solutions, Prime Bank serves both individual and corporate clients, focusing on enhancing the overall banking experience through innovative offerings.

Britam Holdings

Post in 2017
Britam Holdings operates as a diversified financial services group in Eastern and Southern Africa. It offers life, health, general insurance, pensions, asset management, banking, property development, and private equity services to both individual and corporate clients.

Azalaï Hotels

Venture Round in 2017
Azalaï Hotels Group is the first hotel chain in West Africa and a regional leader in the hospitality sector, boasting over 20 years of experience. Headquartered in Mali, the group has established a strong presence with hotels in key cities including Bamako, Ouagadougou, Cotonou, Bissau, Nouakchott, and Abidjan. Azalaï Hotels focuses on enhancing customer satisfaction through continuous improvements in service quality, which includes meticulous renovations of its properties and effective management of its growing portfolio. The chain is recognized for its warm hospitality and high-quality service, which are delivered by a dedicated workforce that generates over 4,000 direct and indirect jobs across the region. Azalaï Hotels offers modern, fully equipped accommodations and a range of luxury services to ensure guest comfort and safety.

Silafrica

Venture Round in 2016
Silafrica Plastics and Packaging International Limited is a manufacturer and supplier of plastic and packaging solutions based in Nairobi, Kenya. Established in 1963, the company produces a diverse range of products, including containers, rigid consumer packaging, water tanks, beverage crates, and pallets. Silafrica caters to various sectors, such as food and beverage, cosmetics, healthcare, chemicals, and construction. By focusing on innovation in product design and investing in advanced manufacturing technology, Silafrica aims to provide effective plastic solutions that address real-world challenges faced by its customers.

Crédit Communautaire d’Afrique

Venture Round in 2016
CCA is the largest microfinance institution in Cameroon. The company collects deposits and provides loans to its 420,000 clients representing micro-small-medium enterprises and entrepreneurs (MSMEs) and salaried people. It has a retail network of 42 branches covering the whole country which makes it the larger financial institution in Cameroon in terms of the number of branches and geographic coverage. Further to the AfricInvest investment, the company is being transformed into a universal bank.

Elephant Group

Private Equity Round in 2015
Elephant Group Limited is a prominent producer and distributor of agro commodities based in Lagos, Nigeria, with additional offices in Cameroon, Niger, and Senegal. Founded in 1994, the company specializes in the production, processing, import, export, marketing, and distribution of a wide range of agricultural products, including rice, wheat flour, and semolina. It also manufactures, imports, and distributes fertilizers such as urea and NPK to various government bodies, private sector operators, and farmers. In addition, Elephant Group processes and trades cash crops like cashew nuts, cocoa, and sesame seeds, and is involved in the oil and gas sector. The company is recognized as one of the leading importers of agro-commodities in Nigeria, holding significant market shares in rice and fertilizer distribution.

EFC Uganda

Venture Round in 2015
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focused on fostering local wealth development. The company provides specialized microloans at competitive interest rates to micro and small enterprises (MSEs), aiming to support their growth and economic contribution. In addition to loans, EFC Uganda offers a range of savings products, including regular, premium, and term deposit accounts, which enable clients to enhance their financial stability and engage in increased economic activity. Through its services, EFC Uganda seeks to empower entrepreneurs and contribute to the overall economic development of the region.

Bridge Bank Group

Venture Round in 2014
Bridge Group West Africa is a holding company which has a majority equity share in Bride Bank Cote d'Ivoire, an Ivorian universal bank and a minority significant equity stake in a bank in Senegal.

Broron Oil & Gas

Venture Round in 2014
Broron Oil & Gas Limited is an indigenous offshore services company based in Lagos, Nigeria, that specializes in providing a wide range of subsea services to the oil and gas industry. Founded in 2002 and commencing operations in 2007, the company serves international oil companies, as well as independent and indigenous upstream businesses in Nigeria and the Gulf of Guinea. Its offerings include subsea construction and commissioning, diving services, remotely operated vehicle (ROV) operations, offshore installation, and maintenance services. Additionally, Broron Oil & Gas provides logistics, procurement support, project management, and various subsea engineering solutions, enabling oil and gas companies to access cost-effective services tailored to meet contemporary operational challenges.

UAP Group

Venture Round in 2012
UAP Group is a pan-African financial services group with interests in insurance, investment management, property development and investments, securities brokerage and financial advisory. The history of the Group can be traced back by over 90 years while recent expansion and growth in the East African market have made UAP one of the key players in the financial services sector in the region. Currently, the group has businesses operating in Kenya, Uganda, South Sudan, Rwanda, DRC and Tanzania.

AHL Venture Partners

Venture Round in 2012
Founded in 2007, AHL Venture Partners is a venture capital firm specializing in growth capital investments. It focuses on sectors such as energy access, financial inclusion, agriculture, and climate across Eastern and Southern Africa, with offices in Vancouver, Nairobi, Lusaka, and Accra.

AfricInvest

Venture Round in 2011
Founded in 1994, AfricInvest is a Tunisia-based private equity firm with dedicated teams focused on North Africa and Sub-Saharan Africa. It manages USD1 billion across multiple funds, supported by local and international investors. The firm has invested in over 135 companies across 25 African countries, spanning high-growth sectors such as financial services, agribusiness, consumer/retail, education, and healthcare.

Family Bank

Private Equity Round in 2010
Family Bank is a commercial bank established in Kenya in May 2007 and regulated by the Central Bank of Kenya. With a customer base exceeding 1.7 million, the bank operates a network of 93 branches across the country. It specializes in providing financial services to underserved segments of the market, including small-scale farmers, salaried employees, micro, small, and medium-sized enterprises, as well as youth and women. Additionally, Family Bank seeks to attract large corporate clients to bolster its deposit base. Notably, it was the first bank in Kenya to implement paperless banking through smart card technology, showcasing its commitment to innovation in the financial sector.
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