International Finance Corporation

The International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. It provides financial services, including loans and equity investments, ranging from $1 million to $100 million, with a focus on projects that drive economic growth and social impact. IFC invests across various sectors such as infrastructure, agriculture, manufacturing, healthcare, education, technology, and financial services.

Wale Ayeni

Regional Head Africa Venture Capital

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

Regional Industry Director, Financial Institutions Group, Asia and Pacific

Alfonso Garcia Mora

Regional Vice President for Europe, Latin America and the Caribbean

Mohamed Gouled

Vice President, Industries

Cheryl Hanway

Director

Saadia Khairi

Vice President and Chief Risk Officer

Dahlia Khalifa

Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone

Rosy Khanna

Regional Industry Director for Financial Institutions in Asia-Pacific

Vivek Pathak

Director and Global Head of Climate Business

Mary Porter Peschka

Director

Sergio Pimenta

Regional Vice President, Africa

Facundo Sanchez Freytes

Investment Officer

Leila Search

Senior Investment Officer and Program Officer

Oumar Seydi

IFC Regional Director, Africa

Sarvesh Suri

Regional Industry Director, Infrastructure and Natural Resources

Paulo De Bolle

Director, Special Situations

Stephanie Friedeburg

Vice President, Corporate Strategy and Resources

Past deals in COMESA

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.

Orascom Development Egypt

Post in 2024
Orascom Development Egypt is a prominent developer specializing in the creation of integrated destinations across Egypt. The company focuses on developing private villas, apartments, hotels, and various leisure facilities, including golf courses and marinas, as well as the necessary supporting infrastructure. Its operations are divided into several segments: Hotels, which provide hospitality services ranging from two to five-star accommodations; Real Estate, which involves acquiring land in undeveloped regions; Land Sales, encompassing the sale of land and land rights; Town Management, which delivers essential services and infrastructure for resorts and communities; and Other Operations. Through these diverse segments, Orascom Development Egypt aims to foster thriving communities and enhance the tourism experience in the regions where it operates.

Commercial International Bank

Post in 2024
Commercial International Bank (CIB) is a leading commercial bank established in 1975 and headquartered in Cairo, Egypt. Originally formed as a joint venture between the National Bank of Egypt and Chase Manhattan Bank, CIB has grown to become the most profitable commercial bank in Egypt over the past four decades. The bank offers a wide range of financial services, including deposits, savings accounts, loans, private banking, and e-banking. It caters to both individual customers and large corporations, providing corporate banking products such as project finance, structured trade finance, working capital finance, syndicated loans, letters of credit, and guarantees. CIB is renowned for its strong brand equity, superior management, high operating standards, and commitment to corporate governance best practices.

Banque du Caire

Debt Financing in 2024
Banque du Caire, founded in 1952 and headquartered in Cairo, Egypt, is a commercial bank that offers a range of banking services for individuals, businesses, and corporations. The bank provides various financial products, including accounts, deposits, retail and personal loans, microfinance, and bancassurance. Additionally, Banque du Caire offers investment and treasury management services, alongside modern banking solutions such as online banking, phone banking, and a mobile banking app. Through these services, the bank aims to cater to the diverse financial needs of its clients while fostering economic growth in the region.

Liquid Intelligent Technologies

Venture Round in 2023
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.

CSquared

Venture Round in 2023
CSquared builds and operates metro fiber and Wi‑Fi networks to connect people to the Internet, enabling local providers, including Internet service providers and mobile operators, to offer broadband and Wi‑Fi to homes, small businesses, and mobile users in Uganda and Ghana. The company provides wholesale metro fiber and shared infrastructure to help clients deliver lower-cost broadband. It is based in Nairobi, Kenya.

Edita Food Industries

Post in 2023
Edita manufactures, packages, markets, and distributes a wide range of food products including jam, juices, ready-made meals, baked snacks, chocolates, dairy products, fruits, vegetables, meat products, and related ingredients. The company operates across six segments: bakery, cakes, rusks, wafers, candy, and biscuits.

Commercial International Bank

Post in 2023
Commercial International Bank (CIB) is a leading commercial bank established in 1975 and headquartered in Cairo, Egypt. Originally formed as a joint venture between the National Bank of Egypt and Chase Manhattan Bank, CIB has grown to become the most profitable commercial bank in Egypt over the past four decades. The bank offers a wide range of financial services, including deposits, savings accounts, loans, private banking, and e-banking. It caters to both individual customers and large corporations, providing corporate banking products such as project finance, structured trade finance, working capital finance, syndicated loans, letters of credit, and guarantees. CIB is renowned for its strong brand equity, superior management, high operating standards, and commitment to corporate governance best practices.

Nuru

Series B in 2023
Nuru is a company based in Goma, Nord-Kivu, Congo, focused on enhancing connectivity and providing affordable energy solutions in the Democratic Republic of Congo. Founded in 2015, Nuru specializes in solar energy and storage micro-grids. It made a significant impact in 2017 by deploying the country's first solar-based mini-grid and is currently working on constructing a 1.3MW solar hybrid site in Goma, which is set to become the largest off-grid mini-grid in sub-Saharan Africa. Nuru's mini-grids utilize solar photovoltaic technology combined with battery storage, allowing commercial and industrial users to access renewable energy effectively.

Seacom

Debt Financing in 2023
Seacom is a privately-funded company based in Ebene, Mauritius, that specializes in providing point-to-point transmission connectivity services through multiple subsea cable systems across Africa. Founded in June 2009, Seacom offers a range of services, including private line, internet protocol transit, Ethernet, and remote peering, facilitating connections between Africa, Europe, Asia, and the Middle East. The company primarily serves mobile and fixed network carriers, medium and large internet service providers, wholesale carriers, and content providers. Seacom's submarine fiber optic cable system enhances broadband connectivity for East African countries, enabling operators to develop complex connectivity solutions and expand their operations both regionally and internationally.

Bank of Kigali

Debt Financing in 2023
Bank of Kigali is a commercial banking institution established in December 1966 and headquartered in Kigali, Rwanda. The bank provides a range of financial services, including loans, accounting, asset financing, foreign exchange, and trade services, catering to both individuals and businesses. With a focus on innovation, Bank of Kigali aims to be the leading provider of financial solutions in the region. The institution also emphasizes the importance of investing in its employees, offering rewards that motivate them to contribute effectively to the company and the community.

Safaricom Telecommunications Ethiopia

Debt Financing in 2023
Safaricom Telecommunications Ethiopia is a purpose-driven technology and communication company dedicated to supporting Ethiopia's digital transformation and inclusion goals.

Safaricom Telecommunications Ethiopia

Secondary Market in 2023
Safaricom Telecommunications Ethiopia is a purpose-driven technology and communication company dedicated to supporting Ethiopia's digital transformation and inclusion goals.

Avenue Group

Debt Financing in 2023
The Avenue Group is a healthcare organization based in Nairobi, Kenya, founded in 1976. It operates various healthcare facilities and provides a comprehensive range of managed healthcare services. These services include outpatient, inpatient, emergency, maternity, X-ray, laboratory, and pharmacy services, alongside nursing care, equipment rental, and nurse aid training. The company is also committed to public health education and medical examinations. Additionally, Avenue Group offers rescue services, such as CPR and first aid training, ambulance services, medical taxis, and event coverage, including standby ambulances and first aid tents. The group's focus is on delivering high-quality, affordable, and accessible healthcare solutions to its patients and the wider community.

Nexford University

Series A in 2022
Nexford University is an online higher education institution founded in 2017, based in Washington, D.C. It aims to provide accessible and affordable education tailored to the demands of the global workforce. Serving markets such as the United States, the Philippines, Nigeria, and Egypt, Nexford offers degree programs and courses across various industries, including technology, business, and healthcare. The university's curriculum is designed to align with employer needs, leveraging artificial intelligence to identify and focus on in-demand skills. This approach ensures that learners, particularly from middle-income societies, receive a relevant and dynamic education that prepares them for success in a competitive global job market.

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.

Equity Banque Commerciale du Congo

Debt Financing in 2021
EquityBCDC provides economic assistance and transforms the way its customers bank by providing them with access to financial resources that can change their lives. The company's mission is to empower and improve the standard of living in African communities. Equity BCDC is a subsidiary of the Equity Group, a Nairobi-based Kenyan banking conglomerate with operations in ten African countries.

Commercial International Bank

Post in 2021
Commercial International Bank (CIB) is a leading commercial bank established in 1975 and headquartered in Cairo, Egypt. Originally formed as a joint venture between the National Bank of Egypt and Chase Manhattan Bank, CIB has grown to become the most profitable commercial bank in Egypt over the past four decades. The bank offers a wide range of financial services, including deposits, savings accounts, loans, private banking, and e-banking. It caters to both individual customers and large corporations, providing corporate banking products such as project finance, structured trade finance, working capital finance, syndicated loans, letters of credit, and guarantees. CIB is renowned for its strong brand equity, superior management, high operating standards, and commitment to corporate governance best practices.

MaxAB

Series A in 2021
MaxAB is a B2B e-commerce platform based in Cairo, Egypt, founded in 2018, that connects food and grocery retailers with suppliers in underserved areas. The company focuses on re-engineering the informal grocery and food market by utilizing innovative technologies and supply chain solutions tailored to the specific needs of retailers. MaxAB's mobile platform facilitates an e-marketplace and provides logistics services for efficient distribution of goods. By streamlining procurement and grocery delivery processes, MaxAB aims to empower retailers with access to a diverse range of products, premium service, and operational support, ultimately enhancing their ability to manage their businesses effectively.

Liquid Intelligent Technologies

Debt Financing in 2021
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.

Twiga Foods

Debt Financing in 2020
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

Equity Group Holdings

Debt Financing in 2020
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.

Netsahem

Pre Seed Round in 2019
Netsahem is a donation network platform that specializes in digital fundraising for non-profit organizations. It provides a user-friendly platform that facilitates electronic donations, offering a diverse range of e-payment methods to ensure easy and efficient transfer of funds. Netsahem aims to empower non-profits, particularly those operating offline, by helping them expand their outreach and increase their fundraising capabilities. Through its innovative solutions, the company contributes to supporting people in need throughout the Egypt region.

Vezeeta

Series C in 2018
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, established in 2011. It facilitates connections between patients and healthcare providers across the Middle East and Africa, specifically in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. The platform allows patients to search for, compare, and book appointments with doctors, leveraging over 200,000 verified reviews to enhance decision-making. In addition to patient-facing services, Vezeeta offers innovative software solutions for healthcare providers, including clinic management tools that streamline operations and improve patient experiences. The platform also supports features such as live scheduling, automated medication reminders, and options for in-clinic, virtual, or at-home consultations, thereby empowering millions of patients to access and manage their healthcare efficiently.

Twiga Foods

Series B in 2018
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

Apex International Energy Management

Private Equity Round in 2018
Apex International Energy Management LLC is an independent oil and gas exploration and production company based in Houston, Texas, with an additional office in Cairo, Egypt. Founded in 2016, the company focuses on developing upstream growth opportunities primarily in Egypt, while also exploring potential ventures across the broader Middle East and North Africa region. Apex is actively engaged in acquiring assets and making capital investments aimed at enhancing production and infrastructure. The company operates hydrocarbon fields in Egypt's Western Desert and is involved in exploration operations across two concessions encompassing 1.7 million acres. Led by a team of industry veterans, Apex seeks to build a substantial exploration and production business by pursuing opportunities ranging from producing assets to new developments and exploration initiatives facilitated by government agreements.

Twiga Foods

Series B in 2018
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.

Africa's Talking

Series A in 2017
Africa's Talking Ltd. is a Kenya-based information technology company that specializes in mobile communication solutions aimed at enhancing connectivity across Africa. Founded in 2010 by Eston Kimani and Samuel Gikandi, the company offers a range of services including bulk SMS, short codes, premium SMS, USSD, and MMS, as well as tailored mobile messaging solutions for individuals, businesses, and developers. Its platform features a comprehensive API that facilitates seamless integration of SMS, voice, and payments, enabling users to send messages and access communication services efficiently. Africa's Talking also provides access to SMS ShortCodes and a public platform for sharing information via SMS. The company is headquartered in Nairobi and focuses on fostering a vibrant entrepreneurial ecosystem through its innovative technology offerings.

CSquared

Venture Round in 2017
CSquared builds and operates metro fiber and Wi‑Fi networks to connect people to the Internet, enabling local providers, including Internet service providers and mobile operators, to offer broadband and Wi‑Fi to homes, small businesses, and mobile users in Uganda and Ghana. The company provides wholesale metro fiber and shared infrastructure to help clients deliver lower-cost broadband. It is based in Nairobi, Kenya.

Zoona

Venture Round in 2017
Founded in 2009, Zoona is a mobile technology company that provides safe and reliable financial services to underserved communities across Africa. It offers products such as money transfers, electronic voucher payments, and agent payments through its interoperable distribution network. With operations in Zambia, Malawi, Mozambique, and support offices in South Africa, Zoona has processed over $2 billion in transactions since inception.

Britam Holdings

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

Mobisol

Series B in 2016
Mobisol GmbH is a Berlin-based company that specializes in the development and installation of solar home systems, aimed at providing clean and affordable electricity to low-income customers without access to conventional power sources. Founded in 2010, Mobisol offers modular solar energy solutions that power LED lights, radios, mobile phones, and various household appliances, along with productive use devices. The company combines solar technology with an innovative repayment scheme facilitated through mobile banking, making it accessible for its target market. With additional offices in Tanzania, Rwanda, and Kenya, Mobisol focuses on delivering a sustainable alternative to fossil fuels, enhancing energy access and promoting environmental sustainability in developing nations. As of October 31, 2019, Mobisol operates as a subsidiary of ENGIE SA.

Haltons Limited

Venture Round in 2016
Haltons Limited operates Haltons Pharmacy, a Kenyan retail pharmacy chain that offers prescription and non‑prescription medicines. The company focuses on accessibility and affordability, serving customers in high‑traffic residential estates and other locations across Kenya. Its team comprises pharmacists, investors, and leaders dedicated to delivering high‑quality pharmacy care in a dignified manner.

Flat6labs

Seed Round in 2016
Flat6Labs is a prominent accelerator and venture capital firm based in Cairo, Egypt, founded in 2011. It plays a crucial role in fostering the technology ecosystem in the MENA region by investing in seed and early-stage startups across various sectors, including transportation, mobile, big data, and virtual reality. With offices in multiple cities such as Abu Dhabi, Amman, Beirut, Jeddah, Manama, and Tunis, Flat6Labs supports over 100 innovative startups annually, empowering entrepreneurs to realize their ambitions. The firm offers a range of investment amounts from $50,000 to $500,000, catering to startups from pre-seed to pre-Series A stages. In addition to financial support, Flat6Labs provides a comprehensive suite of services, connecting startups with a vast network of business mentors, investors, and corporate partners, thereby enhancing their growth potential. The firm is committed to expanding its impact in emerging markets while maintaining its leadership position in the region's startup ecosystem.

Zoona

Series B in 2016
Founded in 2009, Zoona is a mobile technology company that provides safe and reliable financial services to underserved communities across Africa. It offers products such as money transfers, electronic voucher payments, and agent payments through its interoperable distribution network. With operations in Zambia, Malawi, Mozambique, and support offices in South Africa, Zoona has processed over $2 billion in transactions since inception.

Lekela Power

Private Equity Round in 2016
Lekela Power B.V., founded in 2015 and headquartered in Amsterdam, specializes in renewable energy generation across Africa, focusing on utility-scale wind and solar projects. The company develops, constructs, and operates its portfolio in countries such as Egypt, Ghana, South Africa, and Senegal. By delivering secure and reliable renewable energy, Lekela Power serves a variety of consumers, including governments, utilities, and large-scale industrial clients. The company aims to enhance energy accessibility to foster sustainable growth on the continent while transitioning towards a cleaner energy future. Lekela operates as a subsidiary of Mainstream Renewable Power Limited, primarily focusing on advancing projects from mid or late-stage development to long-term operational status.

ZOLA Electric

Debt Financing in 2015
ZOLA Electric specializes in providing off-grid solar solutions, primarily serving African markets. It offers solar home kits through leasing or sales, targeting individual households and businesses in rural communities across Tanzania, Rwanda, Ghana, and the Ivory Coast. Founded in 2012, ZOLA Electric operates from Arusha, Tanzania with an additional office in San Francisco, California.

Helios Towers Africa

Private Equity Round in 2014
Helios Towers Africa has operations in Ghana, Tanzania, the Democratic Republic of Congo and a sister company in Nigeria. The number of mobile subscribers in Africa has increased from just 16 million people in 2000 to over 500 million today. Based on these growth levels and without an increase in the sharing of telecoms tower facilities, the number of towers in Africa will need to double from the current number of 75,000, a significant environmental impact.

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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.