Balwin Properties
Post in 2025
Balwin Properties is a South African property developer and owner focused on creating sectional title apartments for the low-to-middle income market. Headquartered in Johannesburg, the company designs, constructs, promotes, and sells affordable, ecologically conscious residential estates and also operates related services including commercial property rental, bond origination and commissions, and information and communications technology services such as fiber network infrastructure and rental of electronic communication products. It provides services to its residential estates and runs related programs through its foundation. Founded in 1989, Balwin Properties derives revenue primarily from residential and commercial property activities and associated annuity-based services.
Lagos Free Zone
Private Equity Round in 2025
Operates a commerce and trade zone in Lagos, Nigeria, offering infrastructure facilities and services. It provides clustered opportunities for multiple sectors, deep sea port connections, regional rail connectivity, and other amenities to facilitate ease of doing business.
Naked Insurance
Series B in 2025
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in short-term retail insurance products. The company aims to provide a modern approach to insurance by emphasizing effortless, transparent, and sincere service. Through its innovative offerings, Naked Insurance seeks to enhance the customer experience in the insurance sector.
Institut Pasteur de Dakar
Debt Financing in 2024
The Institut Pasteur de Dakar Foundation (IPD) is a non-profit association of public utility, concerned with promoting public health and well-being in West Africa. Since its founding in 1896 by one of Louis PASTEUR's disciples, Émile Marcoux, the IPD has been at the forefront of the fight against infectious diseases. Since 2009, the Institut Pasteur de Dakar has been a Senegalese foundation, jointly managed by the government of Senegal and the Institut Pasteur (Paris).
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.
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.
Indorama Fertilizers
Debt Financing in 2024
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
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.
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.
Husk Power Systems
Debt Financing in 2023
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.
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
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.
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.
BUA Cement Plc, established in 2018, specializes in producing and distributing CEM II type cement under the brand "BUA Cement". This product is designed to meet Nigerian Industrial Standards and caters to various construction needs across Nigeria. Its distinctive features include high early strength, rapid setting, and low heat of hydration, making it suitable for block-making, plastering, and concrete works. The company generates revenue primarily through the sale of bagged cement and bulk cement within Nigeria.
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.
Naked Insurance
Series B in 2023
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in short-term retail insurance products. The company aims to provide a modern approach to insurance by emphasizing effortless, transparent, and sincere service. Through its innovative offerings, Naked Insurance seeks to enhance the customer experience in the insurance sector.
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!
Airtel Africa
Post in 2022
Airtel Africa is a telecommunications company offering mobile voice and data services across Nigeria, East Africa, and Francophone Africa. As of March 2020, it served approximately 110.6 million customers with prepaid/postpaid wireless voice, data communication services, and mobile money services.
Adumo
Funding Round in 2022
Adumo is a fintech company focused on transforming the payment acceptance landscape in sub-Saharan Africa. It provides payment processing services that allow business owners to securely accept a variety of payment types through an omnichannel approach. Adumo supports a diverse range of merchants, including multinational corporations, independent retailers, entrepreneurs, and informal traders. In addition to payment processing, the company offers tools for working capital requirements, consumer engagement, and business support, along with an in-store consumer credit platform and necessary hardware. Through its services, Adumo aims to help businesses grow, simplify operations, and optimize their payment experiences, all while ensuring end-to-end transaction reconciliation and delivering valuable business insights.
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.
Kobo360 is a digital logistics platform that connects cargo owners, truck owners/drivers, and recipients. It uses data analytics and technology to streamline supply chains, reduce waste, and enable efficient delivery of goods across Africa.
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.
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.
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.
Adumo
Venture Round in 2021
Adumo is a fintech company focused on transforming the payment acceptance landscape in sub-Saharan Africa. It provides payment processing services that allow business owners to securely accept a variety of payment types through an omnichannel approach. Adumo supports a diverse range of merchants, including multinational corporations, independent retailers, entrepreneurs, and informal traders. In addition to payment processing, the company offers tools for working capital requirements, consumer engagement, and business support, along with an in-store consumer credit platform and necessary hardware. Through its services, Adumo aims to help businesses grow, simplify operations, and optimize their payment experiences, all while ensuring end-to-end transaction reconciliation and delivering valuable business insights.
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.
Union Bank of Nigeria
Debt Financing in 2020
Union Bank of Nigeria Plc is a full-service commercial bank headquartered in Lagos, Nigeria. Established in 1917, the bank serves a diverse clientele, including individuals, small and medium-sized enterprises (SMEs), and large corporations, primarily in Nigeria and the United Kingdom. It operates through four main segments: Retail Banking, Commercial Banking, Corporate Banking, and Treasury. Union Bank offers a variety of financial products and services, such as current and savings accounts, debit cards, online and mobile banking, SME solutions, loans, credit services, and cash management. The bank is a subsidiary of Union Global Partners Limited and is committed to supporting economic growth through its comprehensive banking solutions.
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.
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.
Zenith Bank
Debt Financing in 2020
Zenith Bank is a prominent commercial bank established in May 1990, commencing operations in July of the same year. It provides a wide array of specialized financial services, including asset management, trade finance, lending, and treasury products. The bank offers various account types such as domestic and foreign accounts, corporate current accounts, and savings accounts, alongside treasury and custodian services. Zenith Bank became a public limited company in June 2004 and was subsequently listed on the Nigerian Stock Exchange later that year, marking a significant milestone in its growth. Today, it is recognized as Nigeria's largest bank by tier-1 capital, with a diverse shareholder base of approximately one million.
Kobo360 is a digital logistics platform that connects cargo owners, truck owners/drivers, and recipients. It uses data analytics and technology to streamline supply chains, reduce waste, and enable efficient delivery of goods across Africa.
Sierra Rutile
Venture Round in 2019
Sierra Rutile is a prominent mineral sands company based in Sierra Leone, operating a multi-mine facility that includes extensive assets in the Bonthe and Moyamba districts. It specializes in the extraction of rutile, offering both Standard Grade Rutile and Industrial Grade Rutile, along with high-grade ilmenite and zircon-in-concentrate. The company is actively expanding its rutile production capacity, which is complemented by increases in its by-products. With one of the largest natural rutile deposits globally, Sierra Rutile boasts a JORC-compliant resource exceeding 600 million tonnes at a concentration of 1.29% rutile. The company's primary products cater to various industrial applications, including pigments, metals, and welding materials. A significant portion of its revenue is generated from markets in Asia, followed by contributions from Europe, America, Africa, and the Middle East.
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!
Kobo360
Seed Round in 2018
Kobo360 is a digital logistics platform that connects cargo owners, truck owners/drivers, and recipients. It uses data analytics and technology to streamline supply chains, reduce waste, and enable efficient delivery of goods across Africa.
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.
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.
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.
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 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.
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.
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.
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.
Hygeia Group
Venture Round in 2016
Hygeia Group, based in Lagos, Nigeria, specializes in integrated healthcare services, managing hospitals and health maintenance organizations (HMOs). Founded in 1986, the company operates its flagship facility, Lagoon Hospital Apapa, along with two additional hospitals located in Ikeja and Victoria Island. Hygeia's hospital services encompass a wide range of specialties, including surgery, cardiology, pediatrics, and critical care, among others. Through its HMO, Hygeia provides managed care to over 400,000 enrollees from more than 250 corporate clients, working with a vast network of over 1,200 healthcare providers nationwide. Additionally, the Hygeia Community Health Plan is a donor-funded initiative designed to enhance healthcare access for low-income groups in Nigeria. As a subsidiary of CIEL Healthcare Ltd, Hygeia Group is committed to delivering comprehensive healthcare solutions to its patients and communities.
Afrimax Group
Private Equity Round in 2015
Afrimax Group, headquartered in the Netherlands, was founded in 2010 and focuses on providing 4G wireless broadband services across sub-Saharan Africa. The company has developed the largest portfolio of 4G TD-LTE spectrum in the region and is now establishing commercial operations in its licensed markets. Through its partnership with Vodafone, Afrimax aims to deliver world-class products and services, reaching over 220 million people. The company is committed to offering reliable and secure 4G network solutions, utilizing advanced analytics and an integrated digital platform across 14 countries.
Roxgold Inc. is a Canadian gold mining company focused on acquiring, exploring, and evaluating mineral properties. It operates primarily in West Africa, holding significant interests in the Yaramoko gold project in Burkina Faso, which spans approximately 200 square kilometers within the Houndé greenstone belt. Additionally, Roxgold has a 100% interest in the Séguéla gold project in Côte d'Ivoire, encompassing 11 mineral exploration permits. The company also explores other properties, including Houko, Solna, and Boussara in Burkina Faso. Roxgold's business model involves developing these projects through to construction or evaluating them for potential disposition. The primary source of revenue for the company comes from the sale of gold produced at its mining operations. Headquartered in Toronto, Canada, Roxgold is dedicated to advancing its mineral assets in a sustainable manner.
Andela is a technology company that recruits, screens, trains, and manages software developers for organizations worldwide. Through its AI-powered talent platform, Andela Talent Cloud, it enables clients to hire individual engineers or fully managed teams with rapid onboarding and flexible engagement models, often at lower cost and faster delivery than traditional hiring. The company handles the groundwork for global staffing, including recruitment, onboarding, payroll, compliance, and ongoing talent management, allowing clients to scale engineering capacity as needed. Andela maintains a diverse, geographically distributed network of developers across numerous countries, with emphasis on Africa and other emerging markets. Its expertise spans application development, artificial intelligence, cloud and DevOps, data engineering, and related fields. Andela serves a range of customers from startups to established brands, helping them accelerate project delivery and access top technology talent.
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.
Jabi Lake Mall
Venture Round in 2014
Jabi Lake Mall is a prominent retail center located in Abuja, Nigeria, providing over 30,000 square meters of high-quality shopping space. The mall serves as a hub for both local and international retailers, facilitating the introduction of various products into the African market. Its strategic design and layout cater to a diverse range of shopping needs, making it an essential destination for consumers in the region.
Seven Energy
Venture Round in 2014
Seven Energy is an indigenous Nigerian company focused on oil and gas exploration, development, production, and distribution. Headquartered in Lagos and London, it aims to be the leading supplier of gas for power generation and industrial use within Nigeria. The company leverages its first mover advantage in the domestic gas market, maximizing shareholder value through sustainable growth across the full value chain, which includes upstream appraisal, development, production, and midstream processing and distribution. Seven Energy possesses an upstream reserves and resources base exceeding 350 million barrels of oil equivalent and has a midstream processing and distribution capacity of 200 million cubic feet per day. Additionally, it has established long-term gas sales agreements to supply over 1 trillion cubic feet of gas to the domestic market. The company operates through its subsidiaries, Septa Energy Nigeria and Accugas, and is supported by an experienced management team committed to high standards of corporate governance and social responsibility.
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.
Afrimax Group
Venture Round in 2013
Afrimax Group, headquartered in the Netherlands, was founded in 2010 and focuses on providing 4G wireless broadband services across sub-Saharan Africa. The company has developed the largest portfolio of 4G TD-LTE spectrum in the region and is now establishing commercial operations in its licensed markets. Through its partnership with Vodafone, Afrimax aims to deliver world-class products and services, reaching over 220 million people. The company is committed to offering reliable and secure 4G network solutions, utilizing advanced analytics and an integrated digital platform across 14 countries.
Hygeia Group
Debt Financing in 2009
Hygeia Group, based in Lagos, Nigeria, specializes in integrated healthcare services, managing hospitals and health maintenance organizations (HMOs). Founded in 1986, the company operates its flagship facility, Lagoon Hospital Apapa, along with two additional hospitals located in Ikeja and Victoria Island. Hygeia's hospital services encompass a wide range of specialties, including surgery, cardiology, pediatrics, and critical care, among others. Through its HMO, Hygeia provides managed care to over 400,000 enrollees from more than 250 corporate clients, working with a vast network of over 1,200 healthcare providers nationwide. Additionally, the Hygeia Community Health Plan is a donor-funded initiative designed to enhance healthcare access for low-income groups in Nigeria. As a subsidiary of CIEL Healthcare Ltd, Hygeia Group is committed to delivering comprehensive healthcare solutions to its patients and communities.
Tigo
Venture Round in 2005
Tigo is an international telecommunications and media company headquartered in Accra, Ghana. It provides a range of services including cable, satellite, broadband, and e-commerce solutions. With a global presence, Tigo aims to deliver diverse media offerings to its customers, enhancing connectivity and access to information across various markets.
Novica United
Series A in 2003
NOVICA United, Inc. is an e-commerce company based in Los Angeles, California, focused on providing a diverse range of accessories for men and women. Established in 1998, the company offers women's accessories such as shawls, scarves, hats, gloves, belts, and travel items, as well as men's accessories including cufflinks, walking sticks, and wallets. In addition to its product offerings, NOVICA empowers global artisans by connecting them with customers and helping preserve artistic traditions. The company features over 30,000 unique, handmade works of art daily, encompassing artisan-crafted jewelry, apparel, and home decor. With regional offices in countries such as Brazil, Peru, Mexico, Ghana, Indonesia, Thailand, India, and Guatemala, NOVICA aims to support and promote the skills of local craftspeople worldwide.
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.
Nedbank is a South African banking group offering a full spectrum of wholesale and retail financial services through its core divisions, including Corporate and Investment Banking, Retail and Business Banking, and Wealth. It accepts deposits, provides lending and credit facilities, and offers payments, treasury, and risk-management solutions, alongside insurance, investment management, and financial planning services. The group serves individuals, small businesses, and government and public-sector clients, while delivering corporate finance, stockbroking, debt advisory, and related market services to corporate customers. With a regional and international footprint, Nedbank operates in South Africa and across other African markets as well as Europe, Asia, and the United States, supported by a network of offices and subsidiaries. The company emphasizes client-focused financial solutions and risk management to sustain growth across sectors including agriculture, infrastructure, energy, mining, and professional services.