British International Investment

Established in 1948, British International Investment is a UK government-backed development finance institution and impact investor. It focuses on long-term economic growth and sustainability in emerging markets by investing in infrastructure, health, agribusiness, and other sectors.

Samir Abhyankar

Managing Director, Head of Financial Services Group and Member of the Investment and Executive Committee

Benson Adenuga

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

Kwabena Asante-Poku

Coverage Director for Ghana and Member of Investment teams

Andrew Brown

Managing Director, Deputy Co-Chief Investment Officer and Chairman of the investment committee for Funds and Venture Capital and Financial Services equity transactions

Anne-Marie Chidzero

External Investment Committee Member

Leandro Cuccioli

Director and Head of Manufacturing, Agribusiness and Forestry

Seema Dhanani

Head of Kenya and Coverage Director East Africa

Tenbite Ermias

Managing Director, Africa

Hayley Fenton

Investment Associate, Infrastructure - Energy Access and Efficiency

Paul Fitzsimons

External Investment Committee member

Roman Frenkel

Director and Head of Food, Agriculture and Natural Capital

Jo Fry

Investment Director and Head of Intermediated Financial services

Anne-Marie Harris

External Investment Committee Member

Nikunj Jinsi

External Investment Committee member

Diana Kolar

Investment Manager, Innovative Finance

Maria Kozloski

External Investment Committee Member

Maria Largey

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

Chirantan Patnaik

Director, Venture Capital

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

Srinivasan Nagarajan

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

Past deals in Sub Saharan Africa

ACWA Power

Post in 2024
Founded in 2004, ACWA Power develops, invests in, co-owns, and operates a diverse portfolio of power generation plants, including thermal, solar PV, solar CSP, wind, and desalinated water production facilities. It also provides operations and maintenance services for these industries across Saudi Arabia, the Middle East, Africa, Turkey, Vietnam, and other regions.

Etana Energy

Debt Financing in 2024
Etana Energy is an electricity trader focused on distributing electricity generated from renewable energy projects to businesses in South Africa. The company specializes in solar and wind energy, providing low-carbon electricity solutions that address the region's significant power needs. By offering competitive pricing, forward price certainty, and flexible contract terms, Etana Energy serves a diverse clientele that includes municipal, industrial, and retail customers. Through its trading services, the company aims to promote sustainable energy usage while ensuring reliable electricity supply.

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 company focused on electrifying public transportation in Kenya and Rwanda. It provides electric buses to bus operators through a flexible financing and service model that includes maintenance and battery charging, helping operators transition from diesel with predictable operating costs. Its buses are designed to be an economical, convenient, and reliable alternative to diesel, capable of all-day operation on a single charge with proven battery technology. By offering affordable financing options and end-to-end support, BasiGo enables bus owners to adopt electric fleets while reducing fuel costs and emissions.

Ecobank

Post in 2024
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.

Sonatel

Debt Financing in 2024
Sonatel SA, headquartered in Dakar, Senegal, is a leading telecommunications provider in West Africa, offering a wide range of services including fixed line, mobile, Internet, television, voice, and mobile money to both individuals and businesses. Established in 1985, Sonatel operates in Senegal and has expanded its reach to Mali, Guinea Bissau, Guinea, and Sierra Leone. The company has developed a modern, fully digitized network supported by high-speed optical fiber submarine cables, boasting one of Africa's largest Internet bandwidths at 6.5 Gbps. Through its Orange brand, Sonatel facilitates the convergence of mobile, Internet, and television technologies, playing a crucial role in the economic development of Senegal and positioning the country as a telecommunications hub in the region.

Trade and Development Bank -TDB

Debt Financing in 2024
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.

BasiGo

Debt Financing in 2023
BasiGo is an e-mobility company focused on electrifying public transportation in Kenya and Rwanda. It provides electric buses to bus operators through a flexible financing and service model that includes maintenance and battery charging, helping operators transition from diesel with predictable operating costs. Its buses are designed to be an economical, convenient, and reliable alternative to diesel, capable of all-day operation on a single charge with proven battery technology. By offering affordable financing options and end-to-end support, BasiGo enables bus owners to adopt electric fleets while reducing fuel costs and emissions.

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.

TradeDepot

Debt Financing in 2023
Founded in 2016, TradeDepot is a SaaS platform that connects FMCG distributors, wholesalers, and retailers across Africa. It leverages real-time stock level tracking, predictive trade intelligence, and automated sales promotions to boost sales and improve distribution efficiency.

Zambia National Commercial Bank

Debt Financing in 2022
Zambia National Commercial Bank Plc, commonly known as Zanaco, is a prominent financial institution based in Lusaka, Zambia, established in 1969 to address the banking needs of the country. The bank operates through three main segments: Retail Banking, Corporate Banking, and Treasury Management, offering a wide range of services that include savings and current accounts, various types of loans, trade financing, and bancassurance. Zanaco caters to a diverse clientele, including individuals, small and medium-sized enterprises, large corporations, and government entities. Additionally, the bank provides digital banking services, debit and credit cards, and cash management solutions. With a network of 69 branches, around 200 automated teller machines, and 2,000 point-of-sale machines, Zanaco is well-equipped to serve the financial needs of the Zambian economy effectively.

iProcure

Series B in 2022
iProcure Ltd is a Nairobi-based company that operates a supply chain platform focused on optimizing agricultural input distribution in rural Africa, particularly in Kenya. Founded in 2012, iProcure provides a comprehensive solution that integrates business intelligence and data-driven stock management to enhance the operations of agricultural retailers. The platform enables retailers to manage inventory, point-of-sale activities, and customer profiles while leveraging geo-located purchasing patterns and real-time transaction analysis. Additionally, iProcure facilitates mobile payments, allowing retailers to better predict demand and improve overall inventory management. By offering an alternative distribution channel, the company ensures that agricultural products reach end consumers effectively, thereby streamlining distribution and enhancing customer service. iProcure also provides warehousing and storage facilities to support its logistics operations.

Moniepoint

Series B in 2022
Moniepoint is a fintech company offering comprehensive financial services for businesses. Its platform enables businesses to create accounts, accept online payments, manage expenses, access credit facilities, and more.

Scatec ASA

Post in 2022
Scatec ASA is an integrated independent solar power producer based in Oslo, Norway. Founded in 2007, the company specializes in the design, development, financing, engineering, procurement, construction management, ownership, operation, and maintenance of solar photovoltaic power plants. Scatec operates through three segments: Power Production, Services, and Development and Construction. With a portfolio of 1.9 GW in operation and under construction, Scatec's projects are located in various countries, including Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa, and Ukraine. The company aims to deliver affordable and sustainable clean energy solutions globally. Scatec changed its name from Scatec Solar ASA in November 2020 to reflect its broader focus and capabilities in the renewable energy sector.

Lona Group

Venture Round in 2022
Lona Group 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, along with various vegetables. Through its export operations, Lona Group plays a significant role in the global supply chain for fresh produce, providing high-quality fruits and vegetables to international markets.

Equity Group Holdings

Post in 2022
Equity Group Holdings is a financial services provider based in Nairobi, Kenya. It operates primarily through Equity Bank Kenya, which is a licensed commercial bank regulated by the Central Bank of Kenya. Equity Bank Kenya was established in 2014 following a corporate restructure of Equity Group Holdings Limited. The organization offers a range of banking and financial services aimed at various customer segments, contributing to the financial inclusion and economic empowerment of individuals and businesses in the region.

Apollo Agriculture

Series B in 2022
Apollo Agriculture is an agtech company that provides smallholder farmers with access to high-quality inputs, credit, and advisory services. Using agronomic machine learning, remote sensing, and mobile technology, it assesses farmer credit risk and tailors each package to a farm’s location by integrating satellite data, soil information, farmer behavior, and crop yield models. The company delivers a bundled offer that includes financing for inputs such as fertilizer and seed, crop insurance, and ongoing consulting to improve farming decisions. Originating in Kenya with operations anchored in Nairobi, Apollo aims to expand to emerging markets and help farmers boost yields and profitability through customized credit, inputs, and advice. The approach combines modern data analytics with practical agronomy to enable farmers to adopt advanced farming methods.

TradeDepot

Series B in 2021
Founded in 2016, TradeDepot is a SaaS platform that connects FMCG distributors, wholesalers, and retailers across Africa. It leverages real-time stock level tracking, predictive trade intelligence, and automated sales promotions to boost sales and improve distribution efficiency.

Africa Mobile Networks

Private Equity Round in 2021
Africa Mobile Networks is a company that finances, builds, and operates mobile network base stations in Sub-Saharan Africa to connect rural, previously unconnected populations. It combines low-power base transceiver station transmitters with VSAT satellite technology and powers the systems with solar panels, directing traffic onto existing networks. The company engages in end-to-end network deployment activities, including identifying opportunities in each country, developing business plans, engaging with customers and subcontractors, raising funding for network builds, and establishing local operating entities with key management and technical staff, enabling mobile network operators to add subscribers and revenue with a CAPEX-free model. It was founded in 2013 and is based in Milton Keynes, United Kingdom.

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 fintech company offering comprehensive financial services for businesses. Its platform enables businesses to create accounts, accept online payments, manage expenses, access credit facilities, and more.

Absa

Funding Round in 2021
Absa is a prominent financial services group based in Johannesburg, South Africa, offering a comprehensive range of banking and financial products tailored to meet the needs of personal, commercial, and corporate customers. The bank provides personal banking services, including savings and current accounts, credit cards, home loans, and various investment products, along with electronic banking solutions. For business and corporate clients, Absa delivers services such as commercial property finance, asset finance, term loans, and trade products, as well as specialized solutions for sectors like agriculture, tourism, and public services. Established in 1991, Absa strives to address local challenges through its diverse offerings in retail, business, corporate, investment, and wealth banking, alongside insurance services.

Safaricom

Venture Round in 2021
Safaricom is a leading telecommunications company based in Nairobi, Kenya, founded in 1997. It operates as a mobile network provider, delivering a comprehensive range of services that include voice, data, and mobile banking solutions through its renowned platform, M-Pesa. Safaricom's offerings encompass international calls, roaming, mobile broadband, and various communication solutions such as SMS, messaging, and video conferencing. The company also provides internet connectivity options, including 4G and Fiber to Buildings, alongside IT consultancy services. Serving a diverse clientele that includes individuals, small businesses, and large enterprises, Safaricom generates the majority of its revenue from voice, mobile data, and M-Pesa transactions, as well as other integrated telecommunication services.

Safaricom

Post in 2021
Safaricom is a leading telecommunications company based in Nairobi, Kenya, founded in 1997. It operates as a mobile network provider, delivering a comprehensive range of services that include voice, data, and mobile banking solutions through its renowned platform, M-Pesa. Safaricom's offerings encompass international calls, roaming, mobile broadband, and various communication solutions such as SMS, messaging, and video conferencing. The company also provides internet connectivity options, including 4G and Fiber to Buildings, alongside IT consultancy services. Serving a diverse clientele that includes individuals, small businesses, and large enterprises, Safaricom generates the majority of its revenue from voice, mobile data, and M-Pesa transactions, as well as other integrated telecommunication services.

Trade and Development Bank -TDB

Debt Financing in 2020
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.

Liquid Intelligent Technologies

Funding Round in 2020
Liquid Intelligent Technologies is a provider of digital infrastructure in Africa, delivering data, voice, and IP services through a nationwide fiber and satellite network. It operates an extensive fiber backbone spanning about 18,000 kilometers across Uganda, Kenya, Rwanda, Zambia, Zimbabwe, Botswana, the Democratic Republic of the Congo, Lesotho, and South Africa, enabling high-speed internet access for public and private sector enterprises and supporting the digital journey. Founded in 2004 and headquartered in Ebène, Mauritius, the company serves as a key connectivity partner across the continent.

Stanbic IBTC

Debt Financing in 2020
Stanbic IBTC is a leading Nigerian financial services group offering a wide range of banking, investment banking, pension management, and wealth management services. With over 180 branches nationwide and digital platforms, it caters to both individuals and businesses, providing current accounts, savings, loans, cards, internet banking, and mobile money services. Its investment banking arm offers innovative advisory, capital markets, and debt arranging solutions, while its pension management subsidiary specializes in retirement saving accounts and fund administration.

Absa

Debt Financing in 2020
Absa is a prominent financial services group based in Johannesburg, South Africa, offering a comprehensive range of banking and financial products tailored to meet the needs of personal, commercial, and corporate customers. The bank provides personal banking services, including savings and current accounts, credit cards, home loans, and various investment products, along with electronic banking solutions. For business and corporate clients, Absa delivers services such as commercial property finance, asset finance, term loans, and trade products, as well as specialized solutions for sectors like agriculture, tourism, and public services. Established in 1991, Absa strives to address local challenges through its diverse offerings in retail, business, corporate, investment, and wealth banking, alongside insurance services.

Mettle.net

Debt Financing in 2020
Mettle Investments Limited is a specialist financial services company based in Bellville, South Africa, established in 1995. The company focuses on the lending business, offering a variety of financial solutions including asset-backed short-term lending, debtor finance, working capital finance, corporate finance, incremental housing finance, factoring, and invoice discounting. Mettle serves a diverse clientele, which includes international corporations, small and medium enterprises, and individual clients. In addition to its lending services, the company is involved in the solar energy and fintech sectors, highlighting its commitment to innovation and the development of specialised financial solutions.

Trade and Development Bank -TDB

Debt Financing in 2019
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.

Absa

Debt Financing in 2019
Absa is a prominent financial services group based in Johannesburg, South Africa, offering a comprehensive range of banking and financial products tailored to meet the needs of personal, commercial, and corporate customers. The bank provides personal banking services, including savings and current accounts, credit cards, home loans, and various investment products, along with electronic banking solutions. For business and corporate clients, Absa delivers services such as commercial property finance, asset finance, term loans, and trade products, as well as specialized solutions for sectors like agriculture, tourism, and public services. Established in 1991, Absa strives to address local challenges through its diverse offerings in retail, business, corporate, investment, and wealth banking, alongside insurance services.

FirstRand

Post in 2019
FirstRand is a South African financial services group offering banking, insurance, and investment products to retail, commercial, corporate, and public sector clients across Africa. Its key subsidiaries include First National Bank (FNB), Rand Merchant Bank (RMB), WesBank, and Ashburton Investments.

PEG

Debt Financing in 2019
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.

PEG

Debt Financing in 2019
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.

Absa

Debt Financing in 2019
Absa is a prominent financial services group based in Johannesburg, South Africa, offering a comprehensive range of banking and financial products tailored to meet the needs of personal, commercial, and corporate customers. The bank provides personal banking services, including savings and current accounts, credit cards, home loans, and various investment products, along with electronic banking solutions. For business and corporate clients, Absa delivers services such as commercial property finance, asset finance, term loans, and trade products, as well as specialized solutions for sectors like agriculture, tourism, and public services. Established in 1991, Absa strives to address local challenges through its diverse offerings in retail, business, corporate, investment, and wealth banking, alongside insurance services.

PEG

Debt Financing in 2019
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.

ACWA Power

Debt Financing in 2019
Founded in 2004, ACWA Power develops, invests in, co-owns, and operates a diverse portfolio of power generation plants, including thermal, solar PV, solar CSP, wind, and desalinated water production facilities. It also provides operations and maintenance services for these industries across Saudi Arabia, the Middle East, Africa, Turkey, Vietnam, and other regions.

PEG

Series C in 2019
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.

PEG

Debt Financing in 2019
PEG is an asset financing company based in Accra, Ghana, that specializes in providing affordable solar energy solutions to off-grid households in West Africa. Founded in 2013 by Hugh Whalan and Nate Heller, PEG offers a Pay As You Go financing model that enables customers to acquire solar home systems, which enhance their quality of life by providing reliable lighting, mobile phone charging, and access to appliances like radios and televisions. By facilitating the transition from traditional, polluting fuels such as kerosene to sustainable solar energy, PEG empowers its customers to invest in clean technology while reducing their ongoing energy costs. The company's operations extend to countries including Ghana, Côte d'Ivoire, and Senegal, where it addresses the energy needs of underserved communities.

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 a provider of digital infrastructure in Africa, delivering data, voice, and IP services through a nationwide fiber and satellite network. It operates an extensive fiber backbone spanning about 18,000 kilometers across Uganda, Kenya, Rwanda, Zambia, Zimbabwe, Botswana, the Democratic Republic of the Congo, Lesotho, and South Africa, enabling high-speed internet access for public and private sector enterprises and supporting the digital journey. Founded in 2004 and headquartered in Ebène, Mauritius, the company serves as a key connectivity partner across the continent.

African Export-Import Bank

Debt Financing in 2018
African Export-Import Bank is a multilateral financial institution established in 1993 to promote and facilitate trade among African countries and between Africa and the global marketplace. Headquartered in Cairo, Egypt, the Bank offers a range of financing programs, advisory services, and guarantee products aimed at enhancing intra- and extra-African trade. These services include short-term trade guarantees, working capital and supply chain finance solutions for small and medium-sized enterprises, and various bonding facilities for export contracts. The institution serves a diverse clientele, including governments, corporations, and financial institutions, providing additional services such as sovereign and corporate advisory, capital markets assistance, and trade information. With an authorized share capital of five billion US dollars, the Bank plays a crucial role in the development and diversification of trade across the continent.

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

Bujagali Energy

Debt Financing in 2018
Bujagali Energy Limited is a power producer based in Uganda, specializing in the operation of the Bujagali Hydropower Project. This facility generates electricity with a capacity of 250 megawatts, addressing the region's pressing demand for new power sources. Bujagali Energy is dedicated to delivering affordable and clean energy, ensuring that clients benefit from competitive pricing while contributing to sustainable energy solutions in Uganda. As a subsidiary of SN Power AS, the company plays a vital role in enhancing the energy landscape of the country through its hydroelectric operations.

Trade and Development Bank -TDB

Debt Financing in 2018
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.

ARM Cement

Debt Financing in 2018
ARM Cement PLC is a Kenya-based manufacturer of cement, operating primarily in Kenya, Tanzania, South Africa, and Rwanda. Founded in 1974 and formerly known as Athi River Mining Limited, the company changed its name in 2012. ARM Cement is organized into two main segments: Cement and Lime, and Other Products. It produces a variety of cement types, including tiling cement, composite cement, portland cement, and clinker, and sells these products under the Rhino brand. In addition to cement, the company is involved in the mining and processing of industrial minerals and chemicals, the trading of other building products, and the manufacture and sale of fertilizers under the Mavuno brand. The majority of ARM Cement's revenue is generated from its operations in Kenya.

Solon Capital Holdings

Venture Round in 2017
Solon Capital Partners is a private equity investment firm established in 2010 and located in Freetown, Sierra Leone. The firm focuses on buyout investments, aiming to maximize risk-adjusted returns for its investors. Solon Capital Partners specializes in developing and managing high-growth businesses that are essential to emerging markets, thereby contributing to economic development in the region.

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 Logistics Properties

Venture Round in 2017
Africa Logistics Properties is an integrated property investment and development company focused on Africa’s growing logistics and industrial sector. Based in Nairobi, it develops, owns, and manages modern Grade-A warehousing and distribution facilities across sub-Saharan Africa, including build-to-suit projects and multi-tenant parks. The company provides related services such as property management and sale-and-leaseback arrangements, and operates according to international standards for construction, facility management, and environmental, social, and governance practices. Its focus is to connect enterprises with reliable modern infrastructure for efficient supply chains.

FirstRand

Post in 2016
FirstRand is a South African financial services group offering banking, insurance, and investment products to retail, commercial, corporate, and public sector clients across Africa. Its key subsidiaries include First National Bank (FNB), Rand Merchant Bank (RMB), WesBank, and Ashburton Investments.

Bridge International Academies

Venture Round in 2016
Bridge International Academies, founded in 2007 and based in Nairobi, Kenya, operates primary schools focused on providing education to underprivileged children. The organization offers scholastic services that adhere to national curricula and emphasizes comprehensive teacher training and development programs. Utilizing advanced wireless technology, Bridge International Academies aims to deliver quality education free of charge, enabling children from disadvantaged backgrounds to access the learning they need for a better future.

Zambeef Products

Post in 2016
Zambeef Products Plc is a leading integrated food processing company based in Zambia. Established in 1994, it engages in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour. The company operates over 200 retail outlets across Zambia and West Africa.

Amandi Energy

Debt Financing in 2016
Amandi Energy is a company that focuses on the generation of electricity and operates a power plant specifically designed to support Ghanaian industry and infrastructure. It provides a comprehensive range of services, including the design, construction, installation, commissioning, and maintenance of combined cycle gas turbines. By delivering these services, Amandi Energy aims to help its clients mitigate brownouts and address the existing shortfall in generative capacity in the region.

Penda Health

Venture Round in 2016
Founded in Kenya in 2011, Penda Health operates a network of outpatient medical centers offering affordable, high-quality care. Services range from general consultations and diagnostics to specialized care like OB/GYN services. The company leverages technology for enhanced patient outcomes and is recognized for its innovative, patient-centered approach.

Trade and Development Bank -TDB

Debt Financing in 2016
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.

ARM Cement

Venture Round in 2016
ARM Cement PLC is a Kenya-based manufacturer of cement, operating primarily in Kenya, Tanzania, South Africa, and Rwanda. Founded in 1974 and formerly known as Athi River Mining Limited, the company changed its name in 2012. ARM Cement is organized into two main segments: Cement and Lime, and Other Products. It produces a variety of cement types, including tiling cement, composite cement, portland cement, and clinker, and sells these products under the Rhino brand. In addition to cement, the company is involved in the mining and processing of industrial minerals and chemicals, the trading of other building products, and the manufacture and sale of fertilizers under the Mavuno brand. The majority of ARM Cement's revenue is generated from its operations in Kenya.

Virunga Power

Venture Round in 2016
Virunga Power is an electric utility company that develops, invests, and operates of renewable power projects and rural distribution grids. Their focus is on megawatt-scale rural utility projects across several countries in East Africa and beyond with a goal of bringing high-quality, low-cost power to rural communities that currently lack reliable access to modern energy. They engage local and regional stakeholders to tailor renewable power solutions to match local needs and resources. The company's mission is to build the leading rural utility company in sub-Saharan Africa and to continuously strive to bring the full benefits of electrification to new rural communities and consumers in a sustainable manner. It provides clean electricity to communities living in and around Virunga National Park in North Kivu, Eastern Congo.

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.

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.

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.

Azura-Edo IPP

Debt Financing in 2014
Azura-Edo IPP is a power generation company based in Nigeria, specifically focused on the development and operation of gas-fired independent power plants. It is best known for its 450MW open cycle gas turbine power station, which marks the first project undertaken by Azura Power Holdings. After more than six years of development, the company achieved financial closure for Phase 1 on December 28, 2015, with construction commencing shortly thereafter in January 2016. The construction is being conducted by a consortium including Julius Berger Nigeria and Siemens, both recognized leaders in construction and power generation, respectively. Azura-Edo IPP aims to contribute to the sustainable development of Nigeria's energy infrastructure while enhancing power generation capabilities in the region. The facility is expected to begin generating electricity by the end of 2018.

Grindrod

Post in 2014
Grindrod is a South African logistics company with global reach, operating in over 32 countries worldwide. It offers comprehensive solutions including terminal operations, port management, and logistics services such as rail logistics, container handling, road transportation, maritime transport, ships agency, clearing and forwarding, customs management, and project logistics. The company's three divisions - Freight Services, Shipping, and Financial Services - provide synergies locally and internationally, with a focus on oil and gas, dry bulk, bulk liquid commodities, containerised cargo, and vehicles.

Standard Bank Group

Debt Financing in 2014
Standard Bank Group is a global commercial bank with African roots, founded in South Africa in 1862. It operates across 35 countries worldwide, offering transactional banking, savings, borrowing, lending, investments, insurance, risk management, wealth management, and advisory services to individuals, businesses, governments, and international counterparties.

Bridge International Academies

Series A in 2014
Bridge International Academies, founded in 2007 and based in Nairobi, Kenya, operates primary schools focused on providing education to underprivileged children. The organization offers scholastic services that adhere to national curricula and emphasizes comprehensive teacher training and development programs. Utilizing advanced wireless technology, Bridge International Academies aims to deliver quality education free of charge, enabling children from disadvantaged backgrounds to access the learning they need for a better future.

Feronia

Post in 2013
Feronia Inc. is an agribusiness based in Vancouver, Canada, operating in the Democratic Republic of the Congo. The company is primarily engaged in the production and processing of crude palm oil and palm kernel oil, with operations that include three oil palm plantations and an arable farming operation. Established in 1911, Feronia acquired its palm oil business in 2009 with the aim of revitalizing the plantations that were on the verge of extinction. Following significant investments, the company has secured its future and is committed to making a meaningful and sustainable contribution to the economy of the Democratic Republic of the Congo. Feronia's operations focus on supplying palm oil to the domestic market, deriving crucial revenue from its crude palm oil production.

Foresythe Farm

Private Equity Round in 2013
Foresythe Farm runs a breeding herd of circa 5,400 cattle in Zambia.
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