Swedfund International
Swedfund International AB is a principal investment firm based in Stockholm, Sweden, established in 1979. It specializes in making direct investments and fund of funds investments, focusing on complex and high-risk environments primarily in emerging markets across Africa, Asia, Latin America, and non-EU countries in Eastern Europe. The firm provides risk capital in various forms, including equity, loans, and share options, typically investing between SEK 5 million and SEK 100 million. Swedfund does not invest in Swedish businesses or in sectors such as weapons, tobacco, or alcohol. It seeks to support seed, start-up, and mid to late venture stages, aiming for an exit within five to ten years. As a minority investor, Swedfund limits its investments to one-third of the total capital required and takes an active role by securing a Board seat in its portfolio companies. Additionally, it offers financial support to small and medium-sized Swedish enterprises for knowledge transfer and equipment investment but does not engage in donations or sponsorships. The firm also has an office in Nairobi, Kenya.
Groupe Cofina
Debt Financing in 2024
Cofina Mali is a microfinance institution focused on supporting the growth of informal micro-enterprises in the region. Established as part of Groupe COFINA, it aims to enhance financial inclusion by offering a range of financial services, including savings and credit options tailored for small and medium-sized enterprises. Cofina Mali plays a crucial role in the formalization of the African business market by providing medium and long-term financing to businesses that may not meet the criteria of traditional commercial banks. With a presence in multiple French-speaking African countries, Cofina Mali is dedicated to fostering the development of the private sector and contributing to economic growth in the region.
Access Bank
Debt Financing in 2024
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.
Husk Power Systems
Series D in 2023
Husk Power Systems ("Husk") owns, builds and operates solar-hybrid microgrids that serve off-grid and weak-grid communities in rural Sub-Saharan Africa and South Asia. It provides its business and residential customers with 100% renewable electricity and access to energy efficient appliances. In the process, it is contributing to climate resilience while also avoiding a significant amount of emissions from diesel generation. Husk has more than 200 minigrids in operation, the largest fleet in the world. The company is a catalyst for economic growth and social well-being, helping rural communities increase incomes and create employment by starting or expanding microenterprises and running electricity-operated machines that increase productivity. It also provides reliable power to local clinics and schools and education, improving healthcare and educational outcomes. Husk Power Systems was founded by co-founded by CEO Manoj Sinha in 2008 and is based in the United States, with operations in India and Nigeria.
Snapper Hill Clinic
Private Equity Round in 2018
Snapper Hill is a Liberian healthcare provider that runs the largest private out-patient facility in the country’s capital Monrovia. It was the only private clinic to continue to operate during Liberia’s civil wars and continues to serve the Monrovian population in an environment where health provisions are scarce.
Access Bank
Debt Financing in 2018
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.
Husk Power Systems
Series C in 2018
Husk Power Systems ("Husk") owns, builds and operates solar-hybrid microgrids that serve off-grid and weak-grid communities in rural Sub-Saharan Africa and South Asia. It provides its business and residential customers with 100% renewable electricity and access to energy efficient appliances. In the process, it is contributing to climate resilience while also avoiding a significant amount of emissions from diesel generation. Husk has more than 200 minigrids in operation, the largest fleet in the world. The company is a catalyst for economic growth and social well-being, helping rural communities increase incomes and create employment by starting or expanding microenterprises and running electricity-operated machines that increase productivity. It also provides reliable power to local clinics and schools and education, improving healthcare and educational outcomes. Husk Power Systems was founded by co-founded by CEO Manoj Sinha in 2008 and is based in the United States, with operations in India and Nigeria.
Ecobank
Debt Financing in 2015
Ecobank Transnational Incorporated (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.
Azura-Edo IPP
Debt Financing in 2013
Azura-Edo IPP is a 450MW open cycle gas turbine power station located in Nigeria and represents the inaugural project of Azura Power Holdings. After more than six years of development, financial closure for Phase 1 was achieved on December 28, 2015, with construction commencing shortly thereafter on January 5, 2016. The project is being executed by a consortium that includes Julius Berger Nigeria, a leading construction firm, and Siemens, a prominent global power company. Azura-Edo IPP aims to contribute significantly to Nigeria's energy infrastructure by providing a sustainable power generation solution, with expectations to begin electricity production by the end of 2018. Additionally, the company focuses on the development and operation of large-scale gas-fired power generation facilities throughout Nigeria and West Africa.
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