British International Investment

British International Investment is a development finance institution and impact investor based in London, United Kingdom. Established in 1948 and wholly owned by the UK Government's Department for International Development, BII aims to foster long-term economic growth and sustainability in emerging markets, particularly in Africa and South Asia. The institution invests across various sectors, including infrastructure, health, and agribusiness, with a focus on job creation and business development. BII provides financial support through debt, equity capital, and mezzanine financing, both directly and via intermediaries, catering to a wide range of industries such as distribution, education, consulting, logistics, and electronics.

Samir Abhyankar

Managing Director and Head of Direct Private Equity

Benson Adenuga

Head of Office and Coverage Director, Nigeria and Member of Investment teams

Andrew Brown

Managing Director and Deputy Chief Investment Officer

Leandro Cuccioli

Director and Head of Manufacturing, Agribusiness and Forestry

Seema Dhanani

Head of Kenya and Coverage Director East Africa

Hayley Fenton

Investment Associate, Infrastructure - Energy Access and Efficiency

Jo Fry

Investment Director and Head of Intermediated Financial services

Murray Grant

Managing Director, Intermediated Equity

Diana Kolar

Investment Manager, Innovative Finance

Maria Largey

Managing Director, Chief Impact Officer and Member of the Investment and Executive Committee

Srinivasan Nagarajan

Managing Director, Head of Asia and Member of the Investment and Executive Committee

Stephen Priestley

Managing Director, Financial Services Group

Rehan Rashid

Country Director, Bangladesh

Sherine Shohdy

Head of Egypt Office and Coverage Director

Abhinav Sinha

Managing Director

Tenbite Ermias

Managing Director, Africa

Chirantan Patnaik

Director, Venture Capital

Kwabena Asante-Poku

Coverage Director for Ghana and Member of Investment teams

Roman Frenkel

Director and Head of Food, Agriculture and Natural Capital

Past deals in Africa

ACWA Power

Post in 2024
ACWA Power International is a prominent developer, investor, co-owner, and operator of power generation and desalination facilities. Founded in 2004 and headquartered in Riyadh, Saudi Arabia, the company manages a diverse portfolio that includes thermal, solar photovoltaic, solar concentrated solar power, and wind energy projects. ACWA Power also provides operations and maintenance services for the power and water desalination sectors, primarily in Saudi Arabia and across various countries, including Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. The company operates as a subsidiary of ACWA Holding Company and maintains regional offices in several major cities, including Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. Its business activities are governed by agreements with government entities and financing arrangements, ensuring compliance and operational efficiency.

Etana Energy

Debt Financing in 2024
Etana Energy is an electricity trader focused on distributing electricity generated from renewable sources, specifically solar and wind projects, to various businesses. The company aims to address the substantial power needs across South Africa by providing low-carbon electricity solutions. It offers competitive pricing, forward price certainty, and flexible contract terms, catering to municipal, industrial, and retail customers. Through its services, Etana Energy contributes to the transition towards sustainable energy while ensuring reliable power supply.

Arab African International Bank

Debt Financing in 2024
Arab African International Bank is a banking institution based in Cairo, Egypt, offering a wide range of financial services. These services include personal and commercial banking, credit cards, payroll solutions, consumer finance, and business loans for small enterprises. The bank aims to meet the diverse financial needs of its clients by providing tailored solutions in corporate finance and wealth management. Through its comprehensive service offerings, Arab African International Bank supports both individual and business clients in achieving their financial goals.

InfraCredit

Debt Financing in 2024
InfraCredit provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria.

BasiGo

Debt Financing in 2024
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.

Paymob

Series B in 2024
Paymob is a digital payments enabler based in Cairo, Egypt, founded in 2015. The company focuses on building payment infrastructure technologies that enhance financial inclusion in the Middle East and Africa (MEA) region. By providing integrated payment services, Paymob helps businesses of all sizes transition from cash to electronic payments, thereby unlocking new opportunities and efficiencies. Its software aims to minimize the risks associated with fraud and theft while speeding up money circulation. By empowering underserved communities with access to a variety of electronic payment and money transfer options, Paymob plays a crucial role in bridging the financial inclusion gap in the region.

Sonatel

Debt Financing in 2024
The Sonatel group offers global telecommunications solutions in the fields of fixed, mobile, Internet, television and data serving individuals and businesses. Leader in Senegal, present in Mali since 2002, in Guinea Conakry and Guinea Bissau since 2007, Sonatel is the global and sub-regional operator of reference. Sonatel has built a modern network, fully digitized by transmission loops and international connections using high-speed optical fiber submarine cables. Sonatel has one of Africa's largest Internet bandwidths of 6.5 Gbps. Sonatel is a structuring company for the economy of his country and has made Senegal a hub of traffic and a major player in the development of telecommunications in Africa and in the world. Through its Orange brand, the Sonatel Group provides its millions of consumers with the best opportunities for convergence between mobile, internet and television technologies.

Trade and Development Bank -TDB

Debt Financing in 2024
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB), formerly the PTA Bank, is a multilateral, treaty-based development financial institution, with assets of over US$ 5 billion. The Bank’s mandate is to finance and foster trade, regional economic integration and sustainable development, through trade finance, project and infrastructure finance, asset management and business advisory services. In the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 Member States from across COMESA, EAC and SADC, 2 non-African member countries and 11 institutional investors. During the same period, shareholder equity funds increased by 150%, annual net profits by 100%, and non-performing loans were halved. TDB currently has regional offices in Nairobi, Harare and Addis Ababa, and principle offices in Bujumbura and Port-Louis.

BasiGo

Debt Financing in 2023
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.

Access Bank

Debt Financing in 2023
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Dashen Bank

Debt Financing in 2023
Dashen Bank is a commercial bank based in Addis Ababa, Ethiopia, established in 1995. It provides a range of financial services, including saving deposits, current deposits, and fixed time deposits. The bank also offers various loan products such as consumer loans, term loans, merchandise loans, project loans, and overdraft facilities. In addition to traditional banking services, Dashen Bank features interest-free banking options and digital banking solutions, catering to the diverse needs of its customers. The bank is involved in international trade and provides guarantees, enhancing its role in the financial landscape of Ethiopia.

Gridworks Partners

Private Equity Round in 2023
Gridworks is a development and investment platform principally targeting equity investments in transmission, distribution and off-grid electricity in Africa. Backed by CDC Group, Gridworks develops and invests in critical power infrastructure, both on and off-grid. Gridworks is a developer, long-term investor and partner to governments, utilities, and companies in the power sector. Gridworks is wholly owned and supported by CDC Group, the UK Government’s Development Finance Institution.

Kazyon

Venture Round in 2023
Kazyon is the largest discount supermarket chain in Egypt, operating over 450 stores across 17 governorates. The company focuses on providing essential food commodities, offering a wide variety of products including cooking items, dairy products, frozen meat, frozen vegetables, and home baking goods. This comprehensive marketplace allows customers to conveniently shop for a diverse range of necessities in one location, catering to the needs of budget-conscious consumers.

Development Partners International

Venture Round in 2023
Development Partners International (DPI) is a prominent Pan-African private equity firm headquartered in London, United Kingdom. Established in 2007 by co-founders Miles Morland and Runa Alam, DPI focuses on leveraging strong local knowledge and expertise to invest in the African market. The firm has successfully built a diverse portfolio, managing over US$1.1 billion in assets across various sectors, including telecommunications, financial services, healthcare, agriculture, mining, and renewable energy. DPI's investment team, comprised entirely of African professionals, brings more than 100 years of collective experience in African investment, with a notable emphasis on gender diversity—over 40% of the team are women. This unique combination of local networks, language skills, and sector expertise enables DPI to effectively source and execute investment opportunities throughout the continent.

TradeDepot

Debt Financing in 2023
TradeDepot Inc. is a technology-driven distribution platform based in Lagos, Nigeria, founded in 2016. The company aims to revolutionize the fast-moving consumer goods (FMCG) sector in Africa by connecting top consumer goods companies directly with retailers. TradeDepot's SaaS platform offers features such as predictive trade intelligence, real-time stock level access, and the ability to place bulk orders online. It also enables the auto-generation of sales promotions, helping to enhance sales and streamline operations. By focusing on improving the distribution of food, beverages, and personal care products, TradeDepot seeks to build the largest retail distribution network in Africa and improve the livelihoods of retail store owners. The company also has an office in Wilmington, Delaware, reflecting its commitment to expanding its reach and impact.

Banque du Caire

Debt Financing in 2023
Banque du Caire is a banking company that specializes in providing BDC online banking, phone banking, and mobile banking app. The company was founded in 1952 and headquartered in Al Qahirah, Egypt.

Zambia National Commercial Bank

Debt Financing in 2022
Zambia National Commercial Bank Plc, founded in 1969 and headquartered in Lusaka, provides a comprehensive range of retail and commercial banking services across Zambia. The bank operates through three primary segments: Retail Banking, Corporate Banking, and Treasury Management. It offers various account types, including savings, current, and fixed deposit accounts, alongside personal and term loans, trade financing, and mortgages. Additionally, Zambia National Commercial Bank provides debit and credit cards, digital banking solutions, and cash management services. Its clientele includes individuals, small and medium-sized enterprises, large corporations, government entities, and the agricultural sector. With a network of 69 branches, around 200 automated teller machines, and 2,000 point-of-sale terminals, the bank aims to meet the diverse financial needs of the Zambian economy.

Invictus Investment

Debt Financing in 2022
Invictus Investment is a company that specializes in the trading of various agricultural commodities and food products. Operating across multiple regions, including Africa, the Middle East, Europe, the USA, and Asia, it focuses on providing quality and consistent commodities directly from producers to consumers. The company deals in a diverse range of products, including grains, oilseeds, edible oils, animal feed, pulses, spray-dried gum Arabic, and meats. In addition to agricultural goods, Invictus Investment also engages in the trading of non-manufactured precious metals and other general items, positioning itself as a key player in the global commodities market.

Bboxx

Debt Financing in 2022
BBOXX designs, manufactures, and distributes solar power systems aimed at improving energy access in Africa and other developing regions. The company focuses on providing off-grid solutions, including solar kits, residential solar installations, and energy kiosks, enabling consumers in rural areas to experience reliable electricity similar to that in western countries. By creating innovative distribution methods, BBOXX seeks to meet the energy needs of underserved populations while ensuring superior customer service. Its operations extend to countries such as Sierra Leone, Kenya, Somalia, and Pakistan, where the company strives to enhance energy management and power production in off-grid environments.

African Guarantee Fund

Debt Financing in 2022
African Guarantee Fund is dedicated to fostering economic development in Africa by supporting small and medium-sized enterprises (SMEs). The organization provides various financial instruments, including equity guarantees, loan portfolio guarantees, and individual loan guarantees, aimed at mitigating risks for banks that lend to SMEs. Additionally, it engages in capacity development initiatives to enhance the capabilities of these enterprises. By facilitating access to finance, African Guarantee Fund plays a crucial role in promoting stability and reducing poverty across the continent, striving to become the leading non-bank financial institution that addresses Africa's financing needs.

Maxab

Series B in 2022
Maxab is a B2B e-commerce platform based in Cairo, Egypt, that connects food and grocery retailers with suppliers, focusing on underserved markets. Founded in 2018, the company aims to transform the informal grocery and food market through innovative technologies and efficient supply chain solutions tailored to the needs of local retailers. Maxab's mobile platform facilitates an e-marketplace and offers logistics services, ensuring timely and accurate distribution of goods. By enhancing access to a wide range of products and providing operational support, Maxab empowers retailers to streamline their procurement processes and improve their overall business efficiency.

iProcure

Series B in 2022
iProcure Ltd operates a supply chain platform focused on optimizing the agricultural input supply chain in rural Africa, particularly in Kenya. Founded in 2012 and based in Nairobi, the company provides a comprehensive solution that combines business intelligence, data-driven stock management, and an efficient procurement and distribution system. Its web and mobile technology enables agriculture retailers to manage ordering, inventory, and point-of-sale operations while analyzing client profiles and purchasing patterns. This platform enhances retailers' ability to predict demand and improve inventory management, ultimately streamlining distribution and enhancing customer service. Additionally, iProcure offers warehousing and storage facilities, ensuring that products reach the end consumer effectively.

TeamApt

Series B in 2022
TeamApt is a financial technology company that develops digital banking and payment platform for financial transactions. It offers an end-to-end omnichannel digital banking service called Moneytor Digital Banking, enabling banks to offer retail, merchant, and corporate banking services through digital channels, Aptpay for automation of digital banking business operations, settlements, reconciliations, and tracks digital transformation processes with web and mobile interfaces. TeamApt was founded in 2015 and is headquartered in Lekki, Lagos, Nigeria.

Scatec ASA

Post in 2022
Scatec ASA is an integrated independent solar power producer based in Oslo, Norway. Founded in 2007, the company focuses on the development, construction, ownership, operation, and maintenance of solar photovoltaic power plants. Scatec operates through three main segments: Power Production, Services, and Development and Construction. It has a diverse portfolio with a total of 1.9 GW of solar capacity either in operation or under construction across multiple countries, including Argentina, Brazil, Egypt, and South Africa. The company aims to deliver affordable and sustainable clean energy solutions globally, demonstrating a commitment to long-term growth and innovation in renewable energy.

Moove

Debt Financing in 2022
Moove is a mobility fintech company focused on providing revenue-based vehicle financing to entrepreneurs in the mobility sector across Africa. By utilizing embedded alternative credit-scoring technology within ride-hailing, logistics, and delivery platforms, Moove aims to democratize vehicle ownership and improve access to financial services for those previously excluded. The company's innovative approach leverages proprietary performance and revenue analytics to assess and underwrite loans, enabling mobility entrepreneurs to secure the financing needed to grow their businesses. Through this model, Moove addresses the financial barriers faced by individuals in the mobility industry, promoting economic empowerment and expanding opportunities for entrepreneurship.

Lona

Venture Round in 2022
Lona is a manufacturer and exporter of citrus products based in Cape Town, South Africa. The company specializes in a diverse range of agricultural products, including grapefruit, mangoes, grapes, pears, plums, avocados, pomegranates, lemons, and oranges, as well as various vegetables. Through its operations, Lona aims to deliver high-quality produce to international markets, leveraging South Africa's favorable climate for citrus cultivation.

Equity Group Holdings

Post in 2022
Equity Bank Kenya is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya, the central bank, and national banking regulator. Equity Bank Kenya Limited was incorporated in 2014 as a result of the corporate restructure of Equity Group Holdings Limited.

Paymob

Series B in 2022
Paymob is a digital payments enabler based in Cairo, Egypt, founded in 2015. The company focuses on building payment infrastructure technologies that enhance financial inclusion in the Middle East and Africa (MEA) region. By providing integrated payment services, Paymob helps businesses of all sizes transition from cash to electronic payments, thereby unlocking new opportunities and efficiencies. Its software aims to minimize the risks associated with fraud and theft while speeding up money circulation. By empowering underserved communities with access to a variety of electronic payment and money transfer options, Paymob plays a crucial role in bridging the financial inclusion gap in the region.

Apollo Agriculture

Series B in 2022
Apollo Agriculture Ltd. is an agtech company based in Nairobi, Kenya, that supports smallholder farmers by providing financial and technical assistance. Founded in 2015, the company offers loans to help farmers acquire essential inputs such as fertilizer, seeds, and crop insurance, along with access to expert advice. By utilizing agronomic machine learning, remote sensing, and mobile technology, Apollo customizes financing packages based on individual farmer needs, assessing credit risk through satellite and soil data. This tailored approach aims to enhance farming practices and significantly increase crop yields, thereby maximizing profits for farmers in emerging markets.

Globeleq

Venture Round in 2022
Globeleq Generation Limited is a company that develops, builds, and operates renewable power projects primarily in Africa and the Americas. It manages a diverse portfolio of power generation assets, including natural gas, solar, wind, heavy fuel oil, and fuel oil facilities. By utilizing a range of power-generating technologies, Globeleq aims to support the growth of local communities and foster a sustainable future. Its operations focus on providing reliable energy solutions that positively impact the regions it serves.

Gridworks Partners

Private Equity Round in 2022
Gridworks is a development and investment platform principally targeting equity investments in transmission, distribution and off-grid electricity in Africa. Backed by CDC Group, Gridworks develops and invests in critical power infrastructure, both on and off-grid. Gridworks is a developer, long-term investor and partner to governments, utilities, and companies in the power sector. Gridworks is wholly owned and supported by CDC Group, the UK Government’s Development Finance Institution.

TradeDepot

Series B in 2021
TradeDepot Inc. is a technology-driven distribution platform based in Lagos, Nigeria, founded in 2016. The company aims to revolutionize the fast-moving consumer goods (FMCG) sector in Africa by connecting top consumer goods companies directly with retailers. TradeDepot's SaaS platform offers features such as predictive trade intelligence, real-time stock level access, and the ability to place bulk orders online. It also enables the auto-generation of sales promotions, helping to enhance sales and streamline operations. By focusing on improving the distribution of food, beverages, and personal care products, TradeDepot seeks to build the largest retail distribution network in Africa and improve the livelihoods of retail store owners. The company also has an office in Wilmington, Delaware, reflecting its commitment to expanding its reach and impact.

Globeleq

Debt Financing in 2021
Globeleq Generation Limited is a company that develops, builds, and operates renewable power projects primarily in Africa and the Americas. It manages a diverse portfolio of power generation assets, including natural gas, solar, wind, heavy fuel oil, and fuel oil facilities. By utilizing a range of power-generating technologies, Globeleq aims to support the growth of local communities and foster a sustainable future. Its operations focus on providing reliable energy solutions that positively impact the regions it serves.

Halan

Venture Round in 2021
Halan is a ride-hailing application that provides two and three-wheeler vehicle rides and on-demand logistics. The application also caters to businesses, offering smart-tech last-mile delivery through their integrated smart services using motorcycle and tricycles. It allows customers to request motorbike or tuk-tuk rides, or order food or goods for delivery via motorbikes or cargo tricycles. Halan also offers on-demand logistics solutions to support large organizations and small businesses alike in their distribution and supply chain. It also provides convenience and safety, while for the driver it offers incremental business. The application has delivered partnerships with fast-food chains like McDonald’s, KFC and Pizza Hut in Egypt. Halan was founded in November 2017 and is based in Cairo, Al Qahirah, Egypt.

Ecobank

Post in 2021
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.

Moniepoint

Series B in 2021
Moniepoint is a financial technology company that offers a comprehensive digital banking and payment ecosystem tailored for small and medium-sized businesses. The platform provides a range of services, including payment processing, credit access, and business management tools. Moniepoint enables businesses to create accounts and accept payments through various offline and online channels, facilitating efficient financial management. By integrating banking solutions with essential business tools, Moniepoint supports organizations in managing their finances and accessing the resources necessary for growth.

Globeleq

Venture Round in 2021
Globeleq Generation Limited is a company that develops, builds, and operates renewable power projects primarily in Africa and the Americas. It manages a diverse portfolio of power generation assets, including natural gas, solar, wind, heavy fuel oil, and fuel oil facilities. By utilizing a range of power-generating technologies, Globeleq aims to support the growth of local communities and foster a sustainable future. Its operations focus on providing reliable energy solutions that positively impact the regions it serves.

Absa

Funding Round in 2021
Absa is a prominent financial services provider based in Johannesburg, South Africa, offering a wide range of banking products and services to personal, commercial, and corporate clients. Its personal banking services include savings and current accounts, credit cards, investment products, home loans, vehicle and asset finance, personal loans, and various insurance options. For businesses and corporations, Absa provides services such as commercial property finance, corporate asset financing, structured trade and commodity finance, and employee benefit solutions. The bank also supports sectors like agriculture, tourism, and public services through specialized financing solutions. Founded in 1991, Absa operates as a subsidiary of Barclays Africa Group Limited and is committed to delivering tailored financial solutions that address local needs while creating value for its stakeholders.

Safaricom

Post in 2021
Safaricom is a mobile network operator that offers internet connectivity solutions, information management solutions, voice solutions, and communication solutions. It serves small businesses, medium businesses, and large corporates. The company’s services and offerings include international calls and roaming; data storage, recovery, and backup; online information storage and archiving; mobile banking services; wide area networks, managed Wi-Fi solutions, point-to-point connectivity, 4G connection, and Fiber to Buildings; IT consultancy; virtual collaboration, voice conferencing, and video conferencing; messaging services and voice services; music services; and more. Safaricom was founded in 1997 and is based in Nairobi, Kenya.

Gridworks Partners

Private Equity Round in 2021
Gridworks is a development and investment platform principally targeting equity investments in transmission, distribution and off-grid electricity in Africa. Backed by CDC Group, Gridworks develops and invests in critical power infrastructure, both on and off-grid. Gridworks is a developer, long-term investor and partner to governments, utilities, and companies in the power sector. Gridworks is wholly owned and supported by CDC Group, the UK Government’s Development Finance Institution.

Trade and Development Bank -TDB

Debt Financing in 2020
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB), formerly the PTA Bank, is a multilateral, treaty-based development financial institution, with assets of over US$ 5 billion. The Bank’s mandate is to finance and foster trade, regional economic integration and sustainable development, through trade finance, project and infrastructure finance, asset management and business advisory services. In the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 Member States from across COMESA, EAC and SADC, 2 non-African member countries and 11 institutional investors. During the same period, shareholder equity funds increased by 150%, annual net profits by 100%, and non-performing loans were halved. TDB currently has regional offices in Nairobi, Harare and Addis Ababa, and principle offices in Bujumbura and Port-Louis.

Liquid Intelligent Technologies

Funding Round in 2020
Liquid Intelligent Technologies is an independent provider of data, voice, and IP services, dedicated to advancing Africa’s digital landscape. Established in 2004 and headquartered in Ebène, Plaines Wilhems, the company has developed an extensive fiber network that spans over 18,000 kilometers across several African nations, including Uganda, Kenya, and South Africa. Liquid Intelligent Technologies offers a variety of services such as broadband, leased lines, private networks, and telecommunications connectivity, alongside web hosting and related solutions. This diverse portfolio enables both public and private sector enterprises to improve their digital experiences and supports the continent's ongoing digital transformation.

Stanbic IBTC Pension Managers

Debt Financing in 2020
Stanbic IBTC Pension Managers Ltd. is a prominent provider of pension fund services in Nigeria, operating as a subsidiary of Stanbic IBTC Holdings PLC. The company specializes in retirement savings accounts, fund administration, and voluntary contribution services, catering to the diverse needs of individuals planning for their retirement. With a commitment to enhancing financial security for its clients, Stanbic IBTC Pension Managers offers innovative solutions that support long-term savings and investment growth. The firm plays a critical role in Nigeria's pension landscape, ensuring that clients can effectively manage their retirement funds through various tailored services. By leveraging its affiliation with Stanbic IBTC Holdings PLC, which has a strong reputation in the financial services sector, the company aims to meet the evolving demands of the market and contribute to the overall development of retirement planning in Nigeria.

Bank Of Africa

Post in 2020
Bank of Africa is a prominent banking institution founded in 1959 and headquartered in Casablanca, Morocco. It offers a wide range of banking products and services tailored for individuals, professionals, and businesses, both domestically and internationally. The bank's offerings include various types of accounts, term deposits, credit cards, and financing solutions, as well as insurance and investment funding services. Additionally, Bank of Africa provides cash management, payment processing, international transactions, and electronic banking services, along with specialized support for SMEs and employees. The bank also engages in corporate finance, asset management, securities brokerage, and wealth management. With a network of approximately 1,800 branches, Bank of Africa plays a significant role in the financial landscape. Committed to corporate social responsibility, it actively supports environmental conservation and educational initiatives for underprivileged children in rural areas. The institution was formerly known as Banque Marocaine du Commerce Extérieur until its rebranding in March 2020.

Gridworks Partners

Private Equity Round in 2020
Gridworks is a development and investment platform principally targeting equity investments in transmission, distribution and off-grid electricity in Africa. Backed by CDC Group, Gridworks develops and invests in critical power infrastructure, both on and off-grid. Gridworks is a developer, long-term investor and partner to governments, utilities, and companies in the power sector. Gridworks is wholly owned and supported by CDC Group, the UK Government’s Development Finance Institution.

Globeleq

Post in 2020
Globeleq Generation Limited is a company that develops, builds, and operates renewable power projects primarily in Africa and the Americas. It manages a diverse portfolio of power generation assets, including natural gas, solar, wind, heavy fuel oil, and fuel oil facilities. By utilizing a range of power-generating technologies, Globeleq aims to support the growth of local communities and foster a sustainable future. Its operations focus on providing reliable energy solutions that positively impact the regions it serves.

Absa

Debt Financing in 2020
Absa is a prominent financial services provider based in Johannesburg, South Africa, offering a wide range of banking products and services to personal, commercial, and corporate clients. Its personal banking services include savings and current accounts, credit cards, investment products, home loans, vehicle and asset finance, personal loans, and various insurance options. For businesses and corporations, Absa provides services such as commercial property finance, corporate asset financing, structured trade and commodity finance, and employee benefit solutions. The bank also supports sectors like agriculture, tourism, and public services through specialized financing solutions. Founded in 1991, Absa operates as a subsidiary of Barclays Africa Group Limited and is committed to delivering tailored financial solutions that address local needs while creating value for its stakeholders.

Mettle.net

Debt Financing in 2020
Mettle Investments Limited is an investment holding company based in Bellville, South Africa, that specializes in lending services across South Africa, Namibia, Kenya, and the United Kingdom. The company provides various financial solutions, including asset-backed short-term lending, debtor finance, working capital finance, corporate finance, incremental housing finance, factoring, and invoice discounting. In addition to its lending activities, Mettle is also active in the solar energy and fintech sectors. Established in 1995, Mettle has built a reputation for innovation and offers tailored financial solutions to a diverse clientele, which includes international corporations, small and medium enterprises, and individuals.

Trade and Development Bank -TDB

Debt Financing in 2019
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB), formerly the PTA Bank, is a multilateral, treaty-based development financial institution, with assets of over US$ 5 billion. The Bank’s mandate is to finance and foster trade, regional economic integration and sustainable development, through trade finance, project and infrastructure finance, asset management and business advisory services. In the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 Member States from across COMESA, EAC and SADC, 2 non-African member countries and 11 institutional investors. During the same period, shareholder equity funds increased by 150%, annual net profits by 100%, and non-performing loans were halved. TDB currently has regional offices in Nairobi, Harare and Addis Ababa, and principle offices in Bujumbura and Port-Louis.

Globeleq

Debt Financing in 2019
Globeleq Generation Limited is a company that develops, builds, and operates renewable power projects primarily in Africa and the Americas. It manages a diverse portfolio of power generation assets, including natural gas, solar, wind, heavy fuel oil, and fuel oil facilities. By utilizing a range of power-generating technologies, Globeleq aims to support the growth of local communities and foster a sustainable future. Its operations focus on providing reliable energy solutions that positively impact the regions it serves.

Absa

Debt Financing in 2019
Absa is a prominent financial services provider based in Johannesburg, South Africa, offering a wide range of banking products and services to personal, commercial, and corporate clients. Its personal banking services include savings and current accounts, credit cards, investment products, home loans, vehicle and asset finance, personal loans, and various insurance options. For businesses and corporations, Absa provides services such as commercial property finance, corporate asset financing, structured trade and commodity finance, and employee benefit solutions. The bank also supports sectors like agriculture, tourism, and public services through specialized financing solutions. Founded in 1991, Absa operates as a subsidiary of Barclays Africa Group Limited and is committed to delivering tailored financial solutions that address local needs while creating value for its stakeholders.

FirstRand Limited

Post in 2019
FirstRand Limited provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers in South Africa and various African countries. The Company consists of a portfolio of financial services franchises, including First National Bank (FNB), a retail and commercial bank; Rand Merchant Bank (RMB), a corporate and investment bank; WesBank, its installment finance business, and Ashburton Investments, its investment management business

PEG

Debt Financing in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

PEG

Debt Financing in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

Absa

Debt Financing in 2019
Absa is a prominent financial services provider based in Johannesburg, South Africa, offering a wide range of banking products and services to personal, commercial, and corporate clients. Its personal banking services include savings and current accounts, credit cards, investment products, home loans, vehicle and asset finance, personal loans, and various insurance options. For businesses and corporations, Absa provides services such as commercial property finance, corporate asset financing, structured trade and commodity finance, and employee benefit solutions. The bank also supports sectors like agriculture, tourism, and public services through specialized financing solutions. Founded in 1991, Absa operates as a subsidiary of Barclays Africa Group Limited and is committed to delivering tailored financial solutions that address local needs while creating value for its stakeholders.

PEG

Debt Financing in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

ACWA Power

Debt Financing in 2019
ACWA Power International is a prominent developer, investor, co-owner, and operator of power generation and desalination facilities. Founded in 2004 and headquartered in Riyadh, Saudi Arabia, the company manages a diverse portfolio that includes thermal, solar photovoltaic, solar concentrated solar power, and wind energy projects. ACWA Power also provides operations and maintenance services for the power and water desalination sectors, primarily in Saudi Arabia and across various countries, including Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. The company operates as a subsidiary of ACWA Holding Company and maintains regional offices in several major cities, including Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. Its business activities are governed by agreements with government entities and financing arrangements, ensuring compliance and operational efficiency.

Bank Of Africa

Post in 2019
Bank of Africa is a prominent banking institution founded in 1959 and headquartered in Casablanca, Morocco. It offers a wide range of banking products and services tailored for individuals, professionals, and businesses, both domestically and internationally. The bank's offerings include various types of accounts, term deposits, credit cards, and financing solutions, as well as insurance and investment funding services. Additionally, Bank of Africa provides cash management, payment processing, international transactions, and electronic banking services, along with specialized support for SMEs and employees. The bank also engages in corporate finance, asset management, securities brokerage, and wealth management. With a network of approximately 1,800 branches, Bank of Africa plays a significant role in the financial landscape. Committed to corporate social responsibility, it actively supports environmental conservation and educational initiatives for underprivileged children in rural areas. The institution was formerly known as Banque Marocaine du Commerce Extérieur until its rebranding in March 2020.

Gridworks Partners

Private Equity Round in 2019
Gridworks is a development and investment platform principally targeting equity investments in transmission, distribution and off-grid electricity in Africa. Backed by CDC Group, Gridworks develops and invests in critical power infrastructure, both on and off-grid. Gridworks is a developer, long-term investor and partner to governments, utilities, and companies in the power sector. Gridworks is wholly owned and supported by CDC Group, the UK Government’s Development Finance Institution.

Bboxx

Debt Financing in 2019
BBOXX designs, manufactures, and distributes solar power systems aimed at improving energy access in Africa and other developing regions. The company focuses on providing off-grid solutions, including solar kits, residential solar installations, and energy kiosks, enabling consumers in rural areas to experience reliable electricity similar to that in western countries. By creating innovative distribution methods, BBOXX seeks to meet the energy needs of underserved populations while ensuring superior customer service. Its operations extend to countries such as Sierra Leone, Kenya, Somalia, and Pakistan, where the company strives to enhance energy management and power production in off-grid environments.

Globeleq

Venture Round in 2019
Globeleq Generation Limited is a company that develops, builds, and operates renewable power projects primarily in Africa and the Americas. It manages a diverse portfolio of power generation assets, including natural gas, solar, wind, heavy fuel oil, and fuel oil facilities. By utilizing a range of power-generating technologies, Globeleq aims to support the growth of local communities and foster a sustainable future. Its operations focus on providing reliable energy solutions that positively impact the regions it serves.

Jumia

Venture Round in 2019
Jumia Technologies AG operates a comprehensive e-commerce platform in Africa, connecting millions of buyers and sellers through its marketplace. The platform features a wide array of products, including fashion, electronics, and home goods, and offers various services such as food delivery, hotel and flight bookings, and classified ads. Jumia's logistics network facilitates the efficient shipment and delivery of packages, while JumiaPay enables secure online transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia aims to enhance the lives of consumers by providing access to affordable products and services, while also fostering opportunities for small and medium-sized enterprises. The company supports job creation and skills development across the continent, partnering with over 50,000 local businesses and directly employing around 3,000 people. With a strong presence in West Africa, Jumia is committed to leveraging technology to drive sustainable economic growth in Africa.

PEG

Series C in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

PEG

Debt Financing in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.

Access Bank

Post in 2019
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Liquid Intelligent Technologies

Funding Round in 2018
Liquid Intelligent Technologies is an independent provider of data, voice, and IP services, dedicated to advancing Africa’s digital landscape. Established in 2004 and headquartered in Ebène, Plaines Wilhems, the company has developed an extensive fiber network that spans over 18,000 kilometers across several African nations, including Uganda, Kenya, and South Africa. Liquid Intelligent Technologies offers a variety of services such as broadband, leased lines, private networks, and telecommunications connectivity, alongside web hosting and related solutions. This diverse portfolio enables both public and private sector enterprises to improve their digital experiences and supports the continent's ongoing digital transformation.

Unicaf

Series B in 2018
Unicaf, founded in 2012, operates an online higher education platform that provides affordable and quality university degree programs to young professionals in Africa. The company partners with reputable universities from the UK, US, Europe, and Africa, offering locally accredited degrees that allow students to study primarily online while balancing their work commitments. Unicaf's approach combines online instruction with physical instructional centers and virtual coaching, making it easier for students to pursue their education and enhance their career prospects. The organization has experienced significant growth, serving over 8,000 students and aiming to expand its reach to 60,000 students.

Nachtigal Hydro Power

Debt Financing in 2018
Nachtigal Hydro Power is a developer and operator of a hydroelectric power plant located in Cameroon. The company focuses on the design, financing, and construction of the Nachtigal Amont hydroelectric development and the associated energy evacuation transmission line. By generating clean and renewable energy, Nachtigal Hydro Power aims to supply electricity to both residential and commercial sectors, contributing to the region's sustainable energy landscape.

Standard Chartered

Post in 2018
Standard Chartered PLC is a commercial bank headquartered in London, United Kingdom, with a history dating back to 1853. The bank operates through multiple segments, including Corporate & Institutional Banking, Retail Banking, Commercial Banking, and Private Banking, serving a diverse clientele that encompasses individuals, small businesses, mid-sized companies, corporations, financial institutions, and governments. Standard Chartered offers a comprehensive range of banking products and services, including current and savings accounts, mortgages, credit cards, personal and business loans, and wealth management solutions such as investment and portfolio management. The bank also provides specialized services like transaction banking, cash management, trade finance, corporate finance, and financial market services, including risk management and debt capital markets. With a presence across Asia, Africa, Europe, the Americas, and the Middle East, Standard Chartered operates approximately 1,026 branches and is known for its commitment to delivering digital banking solutions.

Bujagali Energy

Debt Financing in 2018
Bujagali Energy operates a hydropower facility in Uganda with a generation capacity of 250 megawatts. As a subsidiary of SN Power AS, the company is dedicated to producing affordable and clean energy to meet the rising demand for power in the region. The facility includes essential components such as a power station, which allows Bujagali Energy to deliver energy efficiently and competitively. The project's primary goal is to address the acute need for new power sources, contributing to the overall energy landscape in Uganda.

Indorama Fertilizers

Debt Financing in 2018
Indorama Fertilizers operates a world-class, 1.4 million metric tonnes per annum urea manufacturing facility based in Port Harcourt, Nigeria. The plant has been developed to global environmental, social and construction standards. It plays a key role in supporting the agricultural sector in Nigeria by providing a reliable supply of fertilizers for local farmers, thereby enabling import substitution and supporting the diversification needs of the Nigerian economy. Indorama Fertilizers is also advantageously located to serve neighboring West African countries and key Western hemisphere markets, including North America, South America and Europe

Trade and Development Bank -TDB

Debt Financing in 2018
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB), formerly the PTA Bank, is a multilateral, treaty-based development financial institution, with assets of over US$ 5 billion. The Bank’s mandate is to finance and foster trade, regional economic integration and sustainable development, through trade finance, project and infrastructure finance, asset management and business advisory services. In the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 Member States from across COMESA, EAC and SADC, 2 non-African member countries and 11 institutional investors. During the same period, shareholder equity funds increased by 150%, annual net profits by 100%, and non-performing loans were halved. TDB currently has regional offices in Nairobi, Harare and Addis Ababa, and principle offices in Bujumbura and Port-Louis.

ARM Cement

Debt Financing in 2018
ARM Cement PLC is a Kenyan manufacturer of cement, operating primarily in Kenya, Tanzania, South Africa, and Rwanda. The company produces a variety of cement products, including tiling cement, composite cement, portland cement, and clinker, marketed under the Rhino brand. In addition to cement, ARM Cement is involved in the mining and processing of industrial minerals and chemicals, trading in building products, and the production of fertilizers under the Mavuno brand. The business is structured into two main segments: Cement and Lime, and Other Products, allowing it to offer a diverse range of building materials. Founded in 1974 and headquartered in Nairobi, ARM Cement has established itself as a significant player in the construction materials sector in East and Southern Africa.

Globeleq

Venture Round in 2017
Globeleq Generation Limited is a company that develops, builds, and operates renewable power projects primarily in Africa and the Americas. It manages a diverse portfolio of power generation assets, including natural gas, solar, wind, heavy fuel oil, and fuel oil facilities. By utilizing a range of power-generating technologies, Globeleq aims to support the growth of local communities and foster a sustainable future. Its operations focus on providing reliable energy solutions that positively impact the regions it serves.

Onomo Hotels

Venture Round in 2017
ONOMO Hotels, founded in 2009 and headquartered in Casablanca, Morocco, specializes in the design, development, ownership, and management of a chain of hotels. The company aims to cater to the needs of a diverse pan-African and international business clientele by providing a high level of comfort at affordable prices. Each hotel is designed with modern amenities and emphasizes an environmentally friendly atmosphere, ensuring that guests experience quality services while being connected to the local culture and environment. ONOMO Hotels focuses on optimizing accessibility, connectivity, and security to enhance the overall guest experience.

Unicaf

Venture Round in 2017
Unicaf, founded in 2012, operates an online higher education platform that provides affordable and quality university degree programs to young professionals in Africa. The company partners with reputable universities from the UK, US, Europe, and Africa, offering locally accredited degrees that allow students to study primarily online while balancing their work commitments. Unicaf's approach combines online instruction with physical instructional centers and virtual coaching, making it easier for students to pursue their education and enhance their career prospects. The organization has experienced significant growth, serving over 8,000 students and aiming to expand its reach to 60,000 students.

Alcazar Energy

Debt Financing in 2017
Alcazar Energy is a renewable energy company specializing in the origination, development, structuring, acquisition, and operation of solar and wind energy projects in the Middle East, Turkey, and Africa. Founded in 2014 and based in Dubai, the firm focuses on creating sustainable energy solutions through its expertise in solar photovoltaic and onshore wind technologies. As the first independent investment company dedicated to renewable energy generation projects in the META region, Alcazar Energy aims to contribute significantly to the transition towards cleaner energy sources while promoting economic growth in the areas it serves.

Solon Capital Holdings

Venture Round in 2017
Solon Capital Holdings is an investment holding company based in Sierra Leone.

Kamponji Enterprises

Private Equity Round in 2017
Kamponji Enterprises Limited (KEL) is one of Malawi’s poultry companies. Established in 2013, the Limbe-based company produces, distributes and retails table eggs, broiler day-old chicks and animal feed across Malawi.

Africa Logistic Properties

Venture Round in 2017
Africa Logistics Properties Ltd. is a commercial property company focused on the logistics and warehousing sector in Africa. Established in 2015 and headquartered in Nairobi, Kenya, the company specializes in acquiring, developing, and managing modern logistics facilities tailored for the occupier lease market, including build-to-suit projects and multi-tenant distribution parks. It also offers sale and leaseback financing, property management, and various value-added services. With a management team experienced in industrial investments in emerging markets, Africa Logistics Properties aims to provide high-quality infrastructure while adhering to international building standards and environmental governance practices. The company is supported by global institutional investors, positioning it as a leader in the grade-A logistics and industrial sector across the continent.

Unicaf

Venture Round in 2016
Unicaf, founded in 2012, operates an online higher education platform that provides affordable and quality university degree programs to young professionals in Africa. The company partners with reputable universities from the UK, US, Europe, and Africa, offering locally accredited degrees that allow students to study primarily online while balancing their work commitments. Unicaf's approach combines online instruction with physical instructional centers and virtual coaching, making it easier for students to pursue their education and enhance their career prospects. The organization has experienced significant growth, serving over 8,000 students and aiming to expand its reach to 60,000 students.

Zambeef Products

Post in 2016
Zambeef Products Plc is the largest integrated food processing and retailing company in Zambia. The Group is principally involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour.

Amandi Energy

Debt Financing in 2016
Amandi Energy operates a power plant in Ghana, focusing on the generation of electricity to support local industry and infrastructure. The company specializes in the design, construction, installation, commissioning, and maintenance of combined cycle gas turbines. By providing these services, Amandi Energy aims to help clients mitigate brownouts and address the existing shortfall in electricity generation capacity within the region.

Standard Chartered

Post in 2016
Standard Chartered PLC is a commercial bank headquartered in London, United Kingdom, with a history dating back to 1853. The bank operates through multiple segments, including Corporate & Institutional Banking, Retail Banking, Commercial Banking, and Private Banking, serving a diverse clientele that encompasses individuals, small businesses, mid-sized companies, corporations, financial institutions, and governments. Standard Chartered offers a comprehensive range of banking products and services, including current and savings accounts, mortgages, credit cards, personal and business loans, and wealth management solutions such as investment and portfolio management. The bank also provides specialized services like transaction banking, cash management, trade finance, corporate finance, and financial market services, including risk management and debt capital markets. With a presence across Asia, Africa, Europe, the Americas, and the Middle East, Standard Chartered operates approximately 1,026 branches and is known for its commitment to delivering digital banking solutions.

14Trees

Venture Round in 2016
14Trees is dedicated to accelerating the provision of affordable housing in Africa. They take construction innovations from the lab to the field, building affordable housing solutions with our bank & contractor partners.

Trade and Development Bank -TDB

Debt Financing in 2016
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB), formerly the PTA Bank, is a multilateral, treaty-based development financial institution, with assets of over US$ 5 billion. The Bank’s mandate is to finance and foster trade, regional economic integration and sustainable development, through trade finance, project and infrastructure finance, asset management and business advisory services. In the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 Member States from across COMESA, EAC and SADC, 2 non-African member countries and 11 institutional investors. During the same period, shareholder equity funds increased by 150%, annual net profits by 100%, and non-performing loans were halved. TDB currently has regional offices in Nairobi, Harare and Addis Ababa, and principle offices in Bujumbura and Port-Louis.

ARM Cement

Venture Round in 2016
ARM Cement PLC is a Kenyan manufacturer of cement, operating primarily in Kenya, Tanzania, South Africa, and Rwanda. The company produces a variety of cement products, including tiling cement, composite cement, portland cement, and clinker, marketed under the Rhino brand. In addition to cement, ARM Cement is involved in the mining and processing of industrial minerals and chemicals, trading in building products, and the production of fertilizers under the Mavuno brand. The business is structured into two main segments: Cement and Lime, and Other Products, allowing it to offer a diverse range of building materials. Founded in 1974 and headquartered in Nairobi, ARM Cement has established itself as a significant player in the construction materials sector in East and Southern Africa.

Jumia

Series C in 2016
Jumia Technologies AG operates a comprehensive e-commerce platform in Africa, connecting millions of buyers and sellers through its marketplace. The platform features a wide array of products, including fashion, electronics, and home goods, and offers various services such as food delivery, hotel and flight bookings, and classified ads. Jumia's logistics network facilitates the efficient shipment and delivery of packages, while JumiaPay enables secure online transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia aims to enhance the lives of consumers by providing access to affordable products and services, while also fostering opportunities for small and medium-sized enterprises. The company supports job creation and skills development across the continent, partnering with over 50,000 local businesses and directly employing around 3,000 people. With a strong presence in West Africa, Jumia is committed to leveraging technology to drive sustainable economic growth in Africa.

Unicaf

Series A in 2016
Unicaf, founded in 2012, operates an online higher education platform that provides affordable and quality university degree programs to young professionals in Africa. The company partners with reputable universities from the UK, US, Europe, and Africa, offering locally accredited degrees that allow students to study primarily online while balancing their work commitments. Unicaf's approach combines online instruction with physical instructional centers and virtual coaching, making it easier for students to pursue their education and enhance their career prospects. The organization has experienced significant growth, serving over 8,000 students and aiming to expand its reach to 60,000 students.

Globeleq

Private Equity Round in 2015
Globeleq Generation Limited is a company that develops, builds, and operates renewable power projects primarily in Africa and the Americas. It manages a diverse portfolio of power generation assets, including natural gas, solar, wind, heavy fuel oil, and fuel oil facilities. By utilizing a range of power-generating technologies, Globeleq aims to support the growth of local communities and foster a sustainable future. Its operations focus on providing reliable energy solutions that positively impact the regions it serves.

CRDB Bank

Post in 2015
CRDB Bank Plc is a prominent financial institution operating in the United Republic of Tanzania and the Republic of Burundi, offering a wide range of banking services to individuals, small and medium enterprises (SMEs), corporate clients, and high net worth individuals. Founded in 1996 and headquartered in Dar es Salaam, the bank provides various retail banking products, including multi-currency accounts, personal and SME loans, and general insurance services. In addition, CRDB Bank facilitates corporate banking services such as trade finance, project finance, and cash management. The bank also emphasizes treasury services and digital banking, including mobile and internet banking solutions. With a robust network of branches, automated teller machines, point of sale terminals, and microfinance partners, CRDB Bank aims to meet the diverse financial needs of its customers effectively.

IHS Nigeria

Debt Financing in 2015
IHS Nigeria plc is a mobile telecommunications infrastructure provider based in Lagos, Nigeria. Established in 2001, the company operates in Nigeria, Sudan, Ghana, and the United Arab Emirates, offering a range of services including turnkey infrastructure deployment, managed services, and infrastructure sharing and leasing. IHS Nigeria specializes in telecommunications network construction, which encompasses site acquisition, design, equipment supply, and installation. The company also provides various tower sharing options, such as build-to-suit and buy-lease-back agreements. Additionally, IHS Nigeria offers infrastructure managed services, including field maintenance, project management, and network optimization. The firm also sells telecom equipment and, as of July 2013, managed a portfolio of approximately 8,500 towers.

INT Towers Limited

Venture Round in 2015
INT Towers Limited owns and operates over 9,100 telecoms towers across seven regions in Nigeria. It is a wholly owned subsidiary of the IHS Towers Group – the largest independent tower operator in Africa – which has a presence in Nigeria, Cameroon, Cote d’Ivoire, Rwanda and Zambia.

Jumia

Series C in 2014
Jumia Technologies AG operates a comprehensive e-commerce platform in Africa, connecting millions of buyers and sellers through its marketplace. The platform features a wide array of products, including fashion, electronics, and home goods, and offers various services such as food delivery, hotel and flight bookings, and classified ads. Jumia's logistics network facilitates the efficient shipment and delivery of packages, while JumiaPay enables secure online transactions within its ecosystem. Founded in 2012 and headquartered in Berlin, Germany, Jumia aims to enhance the lives of consumers by providing access to affordable products and services, while also fostering opportunities for small and medium-sized enterprises. The company supports job creation and skills development across the continent, partnering with over 50,000 local businesses and directly employing around 3,000 people. With a strong presence in West Africa, Jumia is committed to leveraging technology to drive sustainable economic growth in Africa.

Azura-Edo IPP

Debt Financing in 2014
Azura-Edo IPP is a 450MW open cycle gas turbine power station located in Nigeria and represents the inaugural project of Azura Power Holdings. After more than six years of development, financial closure for Phase 1 was achieved on December 28, 2015, with construction commencing shortly thereafter on January 5, 2016. The project is being executed by a consortium that includes Julius Berger Nigeria, a leading construction firm, and Siemens, a prominent global power company. Azura-Edo IPP aims to contribute significantly to Nigeria's energy infrastructure by providing a sustainable power generation solution, with expectations to begin electricity production by the end of 2018. Additionally, the company focuses on the development and operation of large-scale gas-fired power generation facilities throughout Nigeria and West Africa.

Actis

Debt Financing in 2014
Actis is a prominent private equity firm established in 2004, headquartered in London, United Kingdom. Specializing in growth markets across Africa, Asia, and Latin America, Actis focuses on sectors such as energy infrastructure, digital infrastructure, real estate, and consumer technology. The firm employs over 200 professionals, including approximately 120 investment experts, and operates from 16 offices worldwide. Actis has raised significant capital since its inception, investing in around 70 companies globally that collectively employ over 116,500 individuals. The firm adopts a unique 'south-south' investment strategy, emphasizing intra-growth market opportunities and leveraging local knowledge and relationships to foster responsible, competitive returns. With a culture of active ownership and deep sector expertise, Actis positions itself as a trusted partner for investors, management teams, entrepreneurs, and governments.

Actis

Private Equity Round in 2014
Actis is a prominent private equity firm established in 2004, headquartered in London, United Kingdom. Specializing in growth markets across Africa, Asia, and Latin America, Actis focuses on sectors such as energy infrastructure, digital infrastructure, real estate, and consumer technology. The firm employs over 200 professionals, including approximately 120 investment experts, and operates from 16 offices worldwide. Actis has raised significant capital since its inception, investing in around 70 companies globally that collectively employ over 116,500 individuals. The firm adopts a unique 'south-south' investment strategy, emphasizing intra-growth market opportunities and leveraging local knowledge and relationships to foster responsible, competitive returns. With a culture of active ownership and deep sector expertise, Actis positions itself as a trusted partner for investors, management teams, entrepreneurs, and governments.

Grindrod

Post in 2014
Grindrod is a logistics company based in South Africa, operating in 32 countries and employing over 5,500 skilled professionals. The company focuses on creating sustainable returns and long-term value for its shareholders through its three main divisions: Freight Services, Shipping, and Financial Services. Grindrod offers a comprehensive range of solutions, including terminal operations, port management, rail logistics, maritime transport, and project logistics. Its Freight Services division specializes in handling dry-bulk commodities along key trade corridors in South Africa, Mozambique, and Namibia, while its Logistics segment provides services such as ships agency, clearing and forwarding, and container handling. By investing in assets and opportunities, particularly in sectors like oil and gas, dry bulk, and containerized cargo, Grindrod aims to become a fully integrated freight logistics and shipping service provider.

Standard Bank Group

Debt Financing in 2014
Standard Bank Group is a leading commercial bank headquartered in Johannesburg, South Africa, with a rich history dating back to 1862. It operates extensively across 18 African countries and in select emerging markets globally. The bank is structured into various segments, including Personal and Business Banking, Corporate and Investment Banking, and Treasury and Capital Management. It provides a wide range of financial services, such as transactional banking, savings, lending, investment, and insurance. Personal and business banking offerings include current accounts, savings products, loans, and electronic banking services for individuals and small to medium enterprises. The corporate and investment banking segment caters to governments, larger corporations, and financial institutions, offering services in foreign exchange, commodities, trade finance, project finance, and wealth management. Standard Bank Group leverages its deep knowledge of emerging markets to deliver tailored financial solutions to its diverse clientele.

Airtel

Post in 2013
Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications services company headquartered in New Delhi, India. It operates in 20 countries across South Asia, Africa, and the Channel Islands. Airtel has a GSM network in all countries in which it operates, providing 2G, 3G and 4G services depending upon the country of operation. Airtel is the largest provider of mobile telephony and second largest provider of fixed telephony in India, and is also a provider of broadband and subscription television services. It offers its telecom services under the "airtel" brand, and is headed by Sunil Bharti Mittal. Bharti Airtel is the first Indian telecom service provider to achieve Cisco Gold certification. It also acts as a carrier for national and international long distance communication services. The company has a submarine cable landing station at Chennai, which connects the submarine cable connecting Chennai and Singapore.
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