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 SADC
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.
FirstRand Limited
Post in 2023
FirstRand Limited provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers in South Africa and various African countries. The Company consists of a portfolio of financial services franchises, including First National Bank (FNB), a retail and commercial bank; Rand Merchant Bank (RMB), a corporate and investment bank; WesBank, its installment finance business, and Ashburton Investments, its investment management business
Seacom
Debt Financing in 2023
Seacom is a privately-funded company that provides point-to-point transmission connectivity services across multiple subsea cable systems in Africa. The company offers private line, global, and African internet protocol transit, Ethernet, and remote peering services to connect Africa with Europe, Asia, and the Middle East. It serves mobile and fixed network carriers and operators, medium and large internet service providers, wholesale carriers, and content and OTT providers. Seacom was founded in June 2009 and is based in Ebene, Mauritius.
Naked Insurance
Series B in 2023
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in providing short-term retail insurance products. The company aims to deliver a modern insurance experience characterized by transparency and simplicity, catering to the evolving needs of consumers in the insurance market.
Lulalend
Series B in 2023
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
Absa
Funding Round in 2021
Absa is a prominent financial services provider based in Johannesburg, South Africa, offering a wide range of banking products and services to personal, commercial, and corporate clients. Its personal banking services include savings and current accounts, credit cards, investment products, home loans, vehicle and asset finance, personal loans, and various insurance options. For businesses and corporations, Absa provides services such as commercial property finance, corporate asset financing, structured trade and commodity finance, and employee benefit solutions. The bank also supports sectors like agriculture, tourism, and public services through specialized financing solutions. Founded in 1991, Absa operates as a subsidiary of Barclays Africa Group Limited and is committed to delivering tailored financial solutions that address local needs while creating value for its stakeholders.
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.
Lulalend
Series A in 2019
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
Botswana Building Society
Debt Financing in 2017
BBS is a financial institution whose principal business is residential and commercial property finance. BBS mission is to provide affordable property finance and attractive investment returns through efficient utilization of resources in the spirit of teamwork for the benefit of our stakeholders. Our vision is to be the premier provider of property finance and attractive investment returns in Botswana.
Zoona
Venture Round in 2017
Zoona is a mobile technology company focused on providing financial services to underserved communities across Africa. Founded in 2009, it has established a robust distribution network that facilitates money transfers, electronic voucher payments, savings, credit, and bill payments primarily for unbanked customers. With operations in Zambia, Malawi, and Mozambique, Zoona leverages cutting-edge technology and a network of agents to ensure safe and reliable access to financial services. The company has processed over $2 billion in transactions and has received recognition from organizations such as The Nike Foundation and The Unreasonable Group for its impactful contributions to empowering young entrepreneurs and helping to alleviate poverty, particularly among girls.
Britam Holdings
Post in 2017
Britam Holdings Plc is a diversified financial services group based in Nairobi, Kenya, with operations extending across Eastern and Southern Africa, including countries like Uganda, Tanzania, Rwanda, South Sudan, Malawi, and Mozambique. The company is structured into five main segments: Long Term Insurance, Short Term Insurance, Asset Management, Property, and Corporate and Other. Britam provides a comprehensive array of financial products, including life, health, and general insurance, as well as pension plans, unit-linked products, and investment planning services. It also engages in property development, offering services related to the purchase, sale, and rental of real estate. Additionally, Britam manages discretionary and segregated investment portfolios and unit trust funds, serving both individual and corporate clients through various distribution channels. Founded in 1920, Britam remains a key player in the financial landscape of the region.
ADvTECH
Post in 2016
ADvTECH Limited is a prominent education and training provider based in Sandton, South Africa. The company operates through three main divisions: Schools, Tertiary, and Resourcing. The Schools division delivers comprehensive educational services, including pre-primary, primary, and secondary education. The Tertiary division focuses on higher education, offering diploma, degree, and postgraduate programs through both traditional and distance learning methods. In addition, the Resourcing division specializes in staffing solutions, providing permanent, temporary, and contract placements across various sectors, including information technology, accounting and finance, engineering, and network services. ADvTECH stands out as a leader in quality education, skills development, and workforce placement in the region.
Tiger Resources
Post in 2015
Tiger Resources Ltd is an Australian company engaged in the discovery, development, and exploration of high-grade copper and cobalt deposits. It operates primarily in the Katanga Copper Belt, a significant mining region located in the Democratic Republic of Congo (DRC). With its headquarters in West Perth, Australia, Tiger Resources aims to capitalize on the rich mineral resources of this area, known for its substantial copper and cobalt reserves.
Zola Electric
Debt Financing in 2015
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.
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.
Nedbank
Nedbank Limited, founded in 1888 and headquartered in Sandton, South Africa, is a prominent commercial banking institution that offers a comprehensive range of banking and financial services to individuals, small businesses, and government sectors. The bank operates through various segments, including Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, and Nedbank Wealth. Its services encompass deposit products, loans, insurance, investment management, and payment solutions. Additionally, Nedbank facilitates corporate finance, trading, and advisory services across diverse sectors such as agriculture, energy, and healthcare. With a focus on sound banking principles and risk management, Nedbank serves clients not only in South Africa but also in other African countries and internationally, providing tailored financial solutions to meet varying needs.
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