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 Networking

Raxio Data Centre

Debt Financing in 2025
Raxio Group is Africa’s leading carrier-neutral data centre operator, delivering best-in-class colocation, cross connect, fibre and IT infrastructure services. With our local market knowledge and global nexus of industry experts and partners, we build and operate a network of connected data centres that will serve as the foundation of Africa’s digital economy.

ibus Networks and Infrastructure

Private Equity Round in 2024
IBus Networks and Infrastructure is a telecommunications provider that focuses on enhancing connectivity between people, places, and technology. The company specializes in advanced in-building solutions that deliver high-quality, secure connectivity, utilizing a blend of licensed telecom signals and unlicensed data bands to facilitate indoor voice and data services. By leveraging future-ready technologies, IBus aims to integrate diverse customer segments effectively, thereby enabling seamless communication in various environments. Their commitment to providing hyper-local data intelligence further enhances the quality of their connectivity solutions, making them a pivotal player in the telecommunications industry.

Togocom

Debt Financing in 2024
Togocom specializes in high-speed internet provision, catering to individuals, businesses, and international operators. Its comprehensive suite of services includes messaging, remote site interconnections, integrated service hosting, infrastructure rental, signal transport, and mobile banking.

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.

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.

WIOCC

Venture Round in 2022
WIOCC is a specialist provider of wholesale telecommunications services, focusing on high-capacity connectivity between Africa and global markets. It offers tailored solutions, including global connectivity, IP transit, metro connections, and colocation, catering primarily to carriers, mobile operators, ISPs, cloud operators, and content providers. With a presence in over 30 African countries and key global centres, WIOCC is renowned as Africa's "carriers' carrier," offering flexible bandwidth packages designed to facilitate the growth of fixed and mobile broadband markets across the continent.

WIOCC

Debt Financing in 2021
WIOCC is a specialist provider of wholesale telecommunications services, focusing on high-capacity connectivity between Africa and global markets. It offers tailored solutions, including global connectivity, IP transit, metro connections, and colocation, catering primarily to carriers, mobile operators, ISPs, cloud operators, and content providers. With a presence in over 30 African countries and key global centres, WIOCC is renowned as Africa's "carriers' carrier," offering flexible bandwidth packages designed to facilitate the growth of fixed and mobile broadband markets across the continent.

WIOCC

Debt Financing in 2020
WIOCC is a specialist provider of wholesale telecommunications services, focusing on high-capacity connectivity between Africa and global markets. It offers tailored solutions, including global connectivity, IP transit, metro connections, and colocation, catering primarily to carriers, mobile operators, ISPs, cloud operators, and content providers. With a presence in over 30 African countries and key global centres, WIOCC is renowned as Africa's "carriers' carrier," offering flexible bandwidth packages designed to facilitate the growth of fixed and mobile broadband markets across the continent.

SIGFOX

Series E in 2017
Sigfox is a leading provider of connectivity for the Internet of Things (IoT), specializing in low-power wide-area networking services. Founded in 2010 and headquartered in Labège, France, the company has developed a global network designed to connect billions of devices to the Internet while minimizing energy consumption and complexity. By addressing key barriers to IoT adoption—cost, energy use, and scalability—Sigfox supports various industries, including supply chain and logistics, manufacturing, utilities, insurance, and agriculture. Its cloud-based platform simplifies device-to-cloud communications, allowing clients to benefit from efficient connectivity solutions. As of now, Sigfox's network spans 26 countries, with plans for expansion to 60 countries, serving a population of approximately 397 million people and fostering a growing ecosystem of partners and innovations in the IoT space.

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.

Network International

Venture Round in 2017
Network International is a prominent provider of payment solutions in the Middle East and Africa, established in 1994. The company offers a comprehensive suite of technology-enabled services designed to meet the diverse needs of merchants and financial institutions. Its offerings include credit and debit card processing, ATM management, merchant acquiring, and consumer finance applications. Network International is recognized for its innovative approach and ability to deliver tailored solutions that enhance payment transactions, making them secure, fast, and efficient. As a principal member of Visa International and MasterCard International in the UAE, it holds a significant position in the market, being the first independent vendor certified by both networks for card payments. The company also provides consultancy services to assist clients in planning and designing new card products and programs. Committed to driving customer revenue and profitability, Network International continues to evolve its services to adapt to the growing demands of the digital commerce landscape.

NxtGen Data Center & Cloud Services

Series B in 2015
NxtGen Datacenter & Cloud Technologies Private Limited is a provider of data center and cloud-based services based in Bengaluru, India, with additional offices in Mumbai, Delhi, Chennai, and Hyderabad. Founded in 2012, the company offers a range of solutions including Cloud Internet-as-a-Service, content delivery networks, Backup-as-a-Service, Disaster Recovery-as-a-Service, and managed security services. NxtGen operates its own High Density Data Center (HDDC) facilities and also provides centrally managed On-Premise Data Centers (OPDC). By delivering comprehensive data center and enterprise cloud services, NxtGen aims to help clients streamline their IT infrastructure, lower operational costs, and foster business growth.

DiViNetworks

Venture Round in 2013
DiViNetworks is a global provider of affordable IP bandwidth expansion for network operators and service providers. The company's virtual capacity technology enables its customers to expand data capacity using software-based solution, at any location worldwide.

Altobridge

Venture Round in 2013
Altobridge is a developer of wireless network solutions designed to lower both capital and operating costs for mobile network operators. The company focuses on enabling the delivery of voice and mobile broadband services, particularly in unconnected communities and enterprises. Central to Altobridge's approach are its patented and patent-pending technologies, which include Data at the Edge for data optimization in wireless networks, Local Connectivity for local voice switching, and Split Architecture for transmission and power optimization. These innovations collectively reduce backhaul and power consumption costs, thereby decreasing overall communications delivery expenses for mobile operators. Through its solutions, Altobridge aims to improve connectivity and accessibility in underserved regions.

Convergence Communications

Private Equity Round in 2000
Convergence Communications, Inc. is a prominent provider of managed data network services and high-speed internet access, serving enterprise customers across over 150 cities in Mexico and Central America. The company operates an extensive broadband telecommunications network built on an IP-based technology platform that employs packet switching to transmit voice, video, and data. This infrastructure supports a wide range of internet and data services, including high-speed internet, virtual private networks, and IP telephony. Through its innovative solutions, Convergence Communications enables businesses and government clients in Mexico, Central America, and the Andean region to access efficient and reliable telecommunications services.
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