Industrial Development Corporation

Industrial Development Corporation is a financial institution that fosters commercially sustainable industrial development in Africa. It identifies investment opportunities across agriculture, livestock and forestry value chains, tourism, manufacturing, mining, infrastructure, and financial services, and acts as a catalyst by developing projects on its own or in collaboration with private sector players and other development-oriented organizations. The organization supports sector development in alignment with government policy objectives and mobilizes capital and expertise to scalable projects.

TP Nchocho

CEO

Past deals in Africa

AMEA Power

Venture Round in 2024
AMEA Power is a company focused on the development, ownership, and operation of renewable energy projects, aiming to facilitate the transition to clean energy. It operates a diverse portfolio that includes thermal, wind, solar, battery storage, ammonia, and water desalination plants. By providing a variety of power solutions, AMEA Power seeks to support economic development and enhance living standards, particularly in emerging markets across Africa and other regions. The company is committed to delivering reliable and sustainable energy to meet the needs of the communities it serves, contributing to both environmental sustainability and economic growth.

Pele Green Energy

Debt Financing in 2023
Pele Green Energy is an Independent Power Producer specializing in developing, owning, procuring, building, and operating renewable energy power projects. These include Small Scale Embedded Generation and utility-scale power plants. As a leading South African IPP, Pele focuses on driving structural change through innovative renewable energy projects, reshaping the national grid, reducing dependency on conventional energy sources, and supporting long-term ecological and economic growth.

Agribank(Agricultural Bank of Zimbabwe)

Debt Financing in 2018
Agribank(Agricultural Bank of Zimbabwe) missio is to provide competitive financial services for the prosperity of the Bank, customers and other stakeholders through a committed, motivated and well-resourced work force.Their vision is to be a leading provider of financial services in Zimbabwe and beyond .The Agricultural Bank of Zimbabwe, trading as Agribank, evolved from the Land and Agricultural Bank (LAB) of 1924 of the then Government of Southern Rhodesia and through the Agricultural Finance Corporation (AFC) which was established in 1971 by various Acts of Parliament .

Zambia Airways

Corporate Round in 2018
Zambia Airways Corporation was the flag carrier of the Republic of Zambia.

SMILE Telecoms Holdings

Debt Financing in 2015
Smile Telecoms Holdings Limited is a telecommunications company that provides broadband Internet access and communication services across Africa. Founded in 2007 and headquartered in Port Louis, Mauritius, the company operates in several countries, including Nigeria, Tanzania, Uganda, the Democratic Republic of Congo, and South Africa. Smile offers mobile broadband Internet, voice, and messaging services through its advanced long-term evolution broadband network. The company also markets WiFi routers, MiFi routers for multiple users, and USB dongles for single users, catering to a diverse clientele that includes small and medium enterprises, households, and individuals. With a significant potential customer base and growing smartphone ownership in its markets, Smile Telecoms aims to enhance Internet accessibility and connectivity across the region.
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