Emerging Capital Partners

Eranove SA is a prominent player in public service management, focusing on electricity and drinking water production in West Africa. The company generates electricity through hydro-electric dams, thermal power stations, and independent electricity production using combustion turbines. It manages the transmission and distribution of electricity, providing customer services through call centers and commercial channels, while also exporting electricity to neighboring countries such as Ghana, Togo, Benin, Burkina Faso, and Mali on behalf of the Ivorian government. In addition to its electricity operations, Eranove is involved in the production and distribution of potable water in Côte d’Ivoire and Senegal, maintaining water treatment facilities and transport networks. The company also addresses sewage and drainage services and supports remote villages with man-powered pumps. Founded in 2003 and based in Paris, Eranove has undergone a name change from Finagestion SA in 2014, reflecting its commitment to providing sustainable access to essential services in the region.

IHS Towers is a prominent independent owner, operator, and developer of shared telecommunications infrastructure, focusing primarily on emerging markets. The company manages over 40,000 towers across 11 countries, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa, and Zambia. IHS Towers primarily serves mobile network operators, providing them with the essential infrastructure needed to deliver wireless voice and data services to their customers. With a significant portion of its revenue generated in Nigeria, the company has established itself as a leader in the telecommunications sector across Sub-Saharan Africa, the Middle East and North Africa, and Latin America.

Finadev Group is a microfinance investment vehicle established in 2010, focusing on the acquisition of microfinance institutions in Benin, Chad, and Guinea. The company specializes in providing financial services, particularly loans, to small and medium enterprises, with a primary emphasis on the informal sector. By offering these financing products, Finadev Group aims to enhance financial inclusion for disadvantaged clients, thereby supporting economic growth and development in the regions it operates.

Thunnus Overseas Group (TOG) is a tuna processing and distribution group with interests in Côte d’Ivoire, Madagascar, and France. TOG currently processes, packages, and sells canned tuna. TOG owns controlling interests in two tuna processing factories in Côte d’Ivoire (Société de Conserveries de Côte d’Ivoire – SCODI – and Pêche & Froid) and a tuna processing factory in Madagascar (Pêche & Froid Ocean Indien). TOG’s key distribution channels include European grocers, the foodservice industry, and Saupiquet, a third-party producer and subsidiary of the Bolton Group.

Oragroup SA is a banking institution that provides a range of personal and business banking services across West and Central Africa. Established in 1988 and headquartered in Lomé, Togo, the company operates under the brand Orabank and has a network of 149 branches in 12 countries, including Benin, Gabon, Guinea, Mauritania, Burkina Faso, Côte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal, and Togo. Oragroup's offerings encompass various financial products, such as savings accounts, term deposits, operating and investment loans, employee loans, money transfer services, foreign currency exchange, and digital banking solutions. Additionally, the bank provides payment services and bancassurance products, catering to both individual and corporate clients.

Eranove SA is a prominent player in public service management, focusing on electricity and drinking water production in West Africa. The company generates electricity through hydro-electric dams, thermal power stations, and independent electricity production using combustion turbines. It manages the transmission and distribution of electricity, providing customer services through call centers and commercial channels, while also exporting electricity to neighboring countries such as Ghana, Togo, Benin, Burkina Faso, and Mali on behalf of the Ivorian government. In addition to its electricity operations, Eranove is involved in the production and distribution of potable water in Côte d’Ivoire and Senegal, maintaining water treatment facilities and transport networks. The company also addresses sewage and drainage services and supports remote villages with man-powered pumps. Founded in 2003 and based in Paris, Eranove has undergone a name change from Finagestion SA in 2014, reflecting its commitment to providing sustainable access to essential services in the region.

Teranga Gold Corporation is a Canadian gold mining company focused on the exploration, development, production, and sale of gold primarily in West Africa. Its flagship asset is the Sabodala gold mine, which spans 291 square kilometers and is located in Senegal, alongside a broader exploration land package of 629 square kilometers. Established in 2010 and headquartered in Toronto, Teranga operates additional assets in Burkina Faso and Côte d'Ivoire, positioning itself within some of the most prospective gold belts in the region. The company is dedicated to advancing its mining operations while contributing to the economic development of the communities in which it operates.

Mineral Deposits Limited is an Australian mining company focused on the extraction and processing of mineral sands resources. Established in 1994 and headquartered in Melbourne, the company operates through a 50% interest in TiZir Limited, which oversees the Grande Côte mineral sands operation in Senegal and an ilmenite upgrading facility in Tyssedal, Norway. Mineral Deposits produces a range of products including zircon, titanium minerals such as ilmenite and rutile, as well as high-purity pig iron. The company has been involved in the mineral sands industry since the mid-1990s and has made significant strides in becoming an integrated mineral sands producer, positioning itself for future growth and development in the sector.

Bank of Africa is a banking institution based in Casablanca, Morocco, established in 1982, initially in Mali. It has grown into a prominent financial group with a presence in 17 countries across Africa and one in France. The network includes eight banks in West Africa—specifically in Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Senegal, and Togo—and seven banks in East Africa and the Indian Ocean, located in Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Tanzania, and Uganda, along with a bank in the Democratic Republic of the Congo. The Bank offers a variety of financial services, including savings and current accounts, loans, insurance, and foreign exchange services through its branches and subsidiaries. Since 2010, the majority ownership of Bank of Africa has been held by BMCE Bank, Morocco's second largest private bank, which provides strategic support and facilitates access to international markets.

Continental Reinsurance Plc is a prominent reinsurance provider headquartered in Lagos, Nigeria, with operations extending across several African nations, including Cameroon, Kenya, Abidjan, Tunis, and Botswana. Founded in 1985, the company specializes in both life and non-life reinsurance, offering a comprehensive range of products such as fire, engineering, general accident, marine and aviation, liability, motor, and oil and gas coverage. Additionally, Continental Reinsurance provides advisory services in reinsurance structuring, actuarial and risk management, as well as product development support. The company also emphasizes training and development programs tailored to various insurance sectors, including life and pension, business interruption, and engineering insurance. Serving both individuals and businesses, Continental Reinsurance plays a vital role in enhancing the insurance landscape in Africa.

Anvil Mining Congo SA is a mining company focused on the exploration and production of copper and silver. Established in 2002 and headquartered in Lubumbashi, Democratic Republic of the Congo, the company operates several key projects, including the Dikulushi copper-cobalt project, the Kinsevere project, and the Mutoshi copper-cobalt project. Anvil Mining is involved in the extraction and processing of copper and associated metals, contributing to the local mining sector through its established operations at Dikulushi, Kulu, and Kinsevere.

Semme Mineral Water Plc is a producer and distributor of mineral water, primarily sourcing its products from the Etindé Mountain spring in Cameroon. Based in Limbe, the company focuses on delivering high-quality bottled water to customers in central Africa. It offers its mineral water in various sizes, including 1.5-liter and 0.5-liter bottles, catering to diverse consumer preferences. Through its operations, Semme Mineral Water aims to provide access to natural and refreshing hydration in the region.

Central Africa Health Care Holdings Ltd. operates as a holding company with interest in providing pharmaceutical and healthcare services. It has investments in healthcare and drug manufacturing. The company was incorporated in July 2004 and is headquartered in Cameroon, Nigeria.

Batim Africa is a company focused on land development and the construction of housing facilities, primarily operating in Côte d'Ivoire, Mali, and Angola. Founded in 1989 and headquartered in Abidjan, Ivory Coast, Batim Africa specializes in providing comprehensive services related to property development and housing construction. The company's expertise in the real estate sector positions it as a key player in addressing housing demands in the regions it serves.

Somdiaa is a manufacturer and distributor of agro-food commodities in Africa, specializing in the production and marketing of various agricultural products. Founded in 1970 and headquartered in Paris, France, the company offers a diverse range of products including brown, golden, white, crystallized, and refined sugars, along with sugar by-products like bagasse and molasses. Somdiaa also produces different types of flours for baking, such as wheat flour, and supplies eggs, chicks, and animal feed. In addition to its product offerings, the company engages in crop and livestock farming services. Somdiaa operates across several countries in Africa, including Cameroon, Gabon, Congo, Ivory Coast, Chad, and the Central African Republic.

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.