Proparco
Proparco is a Paris-based organization established in 1977 that specializes in providing private sector funding for sustainable development initiatives. It focuses on financing and supporting companies and financial institutions across Africa, Asia, Latin America, and the Middle East. Proparco targets key development sectors, including infrastructure—especially renewable energy—agriculture, financial institutions, health, and education. The organization aims to enhance the role of private entities in achieving the Sustainable Development Goals (SDGs) established by the international community in 2015. By financing projects that create jobs, provide essential goods and services, and combat climate change, Proparco contributes to sustainable economic growth and development. Its financing solutions include loans, guarantees, equity, and quasi-equity options tailored to the needs of the private sector.
Letshego Holdings
Debt Financing in 2024
Letshego is a regional financial services provider in Africa, specializing in consumer lending. The company offers short to medium-term secured and unsecured loans primarily targeted at small and micro-entrepreneurs, salaried employees, and civil servants. With operations across multiple countries, including Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania, and Uganda, Letshego serves a diverse clientele in both the public and private sectors. The organization focuses on enhancing access to credit and financial services, facilitating economic growth and financial inclusion within the communities it operates.
KCB Group
Debt Financing in 2024
KCB Group Plc is the largest commercial bank in East Africa, established in 1896 in Kenya. The bank has expanded its operations across several countries, including Tanzania, South Sudan, Uganda, Rwanda, Burundi, and Ethiopia, and it also owns the National Bank of Kenya. With the largest branch network in the region, KCB operates 354 branches, 1,103 ATMs, and collaborates with over 26,000 merchants and agents to provide banking services around the clock. Besides its core banking services, KCB Group has diversified into non-banking ventures, including KCB Insurance Agency, KCB Capital Limited, and KCB Foundation. The company emphasizes digital banking, offering mobile and internet banking services along with a 24-hour contact center for customer support. Furthermore, KCB maintains a network of over 200 correspondent banks globally, ensuring effective facilitation of international trade for its clients.
NCBA Group
Private Equity Round in 2024
NCBA Group Plc is a financial services conglomerate operating in East and West Africa. The company offers a range of services, including retail, corporate, and digital banking, as well as brokerage, bancassurance, and investment banking. Its operations are divided into five segments: Corporate and Institutional Banking, Retail Banking (which encompasses SME and Consumer Banking), Treasury Dealing, Digital Banking, and Investment Banking. The majority of its revenue is generated from Kenya, with additional contributions from Uganda, Tanzania, and Rwanda.
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.
Nuru
Convertible Note in 2023
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.
Nuru
Venture Round in 2021
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.
Meditect
Pre Seed Round in 2019
Meditect is a social enterprise focused on digitizing the medicine supply chain in Africa, with operations in Côte d'Ivoire, Senegal, and Cameroon, and plans for expansion across sub-Saharan Africa. The company develops AI and blockchain-based software designed to track falsified medicines and enhance the integrity of drug distribution. By providing innovative solutions, Meditect aims to combat the sale of counterfeit medications and ensure the authenticity of medicines through a system that allows pharmacists to verify their products. This initiative addresses the critical challenge of access to quality medicines in the context of Africa's rapidly growing population, leveraging digital technology to improve healthcare delivery in developing countries.
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