International Finance Corporation (IFC), established in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to private sector development in developing countries. The organization provides a range of financial and advisory services to foster economic growth across various sectors, including agriculture, infrastructure, manufacturing, healthcare, education, and technology. IFC invests in both direct projects and funds, focusing on emerging markets and prioritizing sustainability and inclusive development. It offers a diverse array of financial instruments, such as equity, loans, and quasi-equity products, while adhering to strict investment guidelines that exclude certain industries, such as weapons, tobacco, and gambling. IFC typically invests between $1 million and $100 million, supporting projects that are predominantly privately owned in member countries. The organization does not actively manage portfolio companies but seeks to exit investments through equity sales or public listings, often maintaining equity stakes for eight to fifteen years.
Regional Industry Director, Financial Institutions Group, Asia and Pacific
Stephanie Friedeburg
Vice President, Corporate Strategy and Resources
Mohamed Gouled
Vice President, Industries
Cheryl Hanway
Director
Saadia Khairi
Chief Risk Officer and Vice President
Rosy Khanna
Regional Industry Director for Financial Institutions in Asia-Pacific
Alfonso Garcia Mora
Regional Vice President for Europe, Latin America and the Caribbean
Vivek Pathak
Director and Global Head of Climate Business
Mary Peschka
Regional Director for Eastern Africa
Sergio Pimenta
Regional Vice President, Africa
Oumar Seydi
IFC Regional Director, Africa
Sarvesh Suri
Regional Industry Director, Infrastructure and Natural Resources
Dahlia Khalifa
Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone
Past deals in Kenya
Liquid Intelligent Technologies
Venture Round in 2023
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.
CSquared
Venture Round in 2023
CSquared is a company based in Nairobi, Kenya, specializing in the construction and operation of metro fiber and Wi-Fi networks to enhance internet connectivity for local providers. Formed in 2013 from Google's Project Link, CSquared aims to assist Internet service providers and mobile network operators in delivering broadband services to homeowners, small businesses, and mobile users in Uganda and Ghana. By focusing on wholesale metro fiber-optic networks, the company enables these providers to offer affordable internet solutions through shared infrastructure, thereby fostering increased connectivity for communities in the region.
Avenue Group
Debt Financing in 2023
The Avenue Group, based in Nairobi, Kenya, has been providing high-quality, affordable, and accessible healthcare since its founding in 1976. The organization operates healthcare facilities and offers a range of managed healthcare services, including outpatient, inpatient, emergency, maternity, X-ray, laboratory, and pharmacy services. Additionally, it provides nursing care, equipment rental, and nurse aid training. The company also focuses on health education and medical examinations. Avenue Group extends its services to include rescue operations, offering CPR and first aid training to both companies and the general public, alongside ambulance and medical taxi services. Furthermore, it provides event coverage through EMTs, first aid tents, and standby ambulances. The Avenue Group comprises several entities, including Avenue Hospital, Avenue Healthcare, Avenue Homecare, and Avenue Rescue Services.
Wave Mobile Money
Debt Financing in 2022
Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, and accepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
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.
Wave Mobile Money
Series A in 2021
Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, and accepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
Liquid Intelligent Technologies
Debt Financing in 2021
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.
Twiga Foods
Debt Financing in 2020
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
Equity Group Holdings
Debt Financing in 2020
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.
Twiga Foods
Series B in 2018
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
Twiga Foods
Series B in 2018
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
Africa's Talking
Series A in 2017
Africa's Talking is a Kenya-based mobile solutions firm integrating reliable two-way SMS, voice, and USSD functionality across mobile providers in Africa. The firm offers bulk SMS, short codes, and premium SMS, USSD, MMS, and customized mobile messaging solutions for individuals, businesses, and developers. With the API developers, it can connect a short code, use an alphanumeric sender id, and send SMS messages across Kenya. Africa's Talking’s users need to register to access documentation. Africa's Talking was established in 2010 by Eston Kimani and Samuel Gikandi, two MIT graduates to explore applications that enhance the growth and use of information technology in and for Africa. It is based in Nairobi.
CSquared
Venture Round in 2017
CSquared is a company based in Nairobi, Kenya, specializing in the construction and operation of metro fiber and Wi-Fi networks to enhance internet connectivity for local providers. Formed in 2013 from Google's Project Link, CSquared aims to assist Internet service providers and mobile network operators in delivering broadband services to homeowners, small businesses, and mobile users in Uganda and Ghana. By focusing on wholesale metro fiber-optic networks, the company enables these providers to offer affordable internet solutions through shared infrastructure, thereby fostering increased connectivity for communities in the region.
Haltons Limited
Venture Round in 2016
Haltons Pharmacy is a brand created by Haltons Limited. It is a collection of pharmacists, investors and leaders passionate about delivering accessible and affordable pharmacy care of the highest quality to Kenyans in a dignified manner wherever they are. Haltons Pharmacy is a retail pharmacy chain dispensing prescription and non-prescription pharmaceutical products. The company has retail outlets located mostly in high traffic residential estates capitalizing on volumes created by health care medicine prescribers to the average Kenyan consumer.
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