Verod Capital Management, established in 2008, is a Nigeria-based private equity firm with an additional office in Ghana. The company specializes in mid-market investments, focusing on growth capital and buyout transactions. Verod targets a diverse range of sectors, including financial services, business services, education, healthcare, agri-business, consumer goods, light manufacturing, and technology. It primarily invests in West African countries such as Nigeria, Ghana, Liberia, and Sierra Leone, with a typical investment size ranging from $3 million to $20 million. Verod seeks majority or significant minority equity stakes in portfolio companies, aiming to hold these assets for four to seven years. The firm is known for its active, hands-on management approach, working closely with management teams to enhance governance, business practices, and profitability, ultimately positioning companies for successful exits.

Zephyr Management, L.P. is a venture capital and private equity firm specializing in middle market, distressed/ vulture, seed/startup, early venture, emerging growth, mid venture, late venture, buyout, industry consolidation, recapitalization, mezzanine, turnarounds, industry consolidation, recapitalization, and private equity investments. The firm provides growth capital and prefers to invest in small and medium enterprises in financial services, business services, niche manufacturing, education, logistics, agri-business, packaging and labeling, telecommunications, distribution companies, environmental and facilities and services, travel and tourism services, publishing, healthcare, business-to-business, consumer products and services. It also invests in the rural segments with a focus on food, beverage, and agriculture and emerging markets. It seeks to invest in India, Africa, Algeria, Egypt, Morocco, Benin, Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Gambia, Ghana, Kenya, Mali, Nigeria, Rwanda, Sierra Leone, Somalia, South Africa, Sudan, Togo, Uganda, Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Swaziland, Sri Lanka, Seychelles, Democratic Republic of Congo, Tanzania, Zambia, Zimbabwe, Korea, Mexico, United States, Canada, and Europe. The firm invests between $0.2 million and $75 million in companies having enterprise values between $25 million and $150 million. It prefers to invest in companies generating revenues between $30 million and $300 million and having an EBITDA between $2 million and $50 million. The firm acquires both majority and minority stakes in firms. Zephyr Management, L.P. was founded in 1994 and is based in New York, New York with additional offices in Bangalore, India; Cayman Islands; Nairobi, Kenya; London, United Kingdom; and Mexico D.F., Mexico.

Acumen is a nonprofit organization established in 2001 and based in New York City, with additional offices in Mumbai, Nairobi, Karachi, and Accra. The organization is dedicated to poverty eradication by raising charitable funds to invest in early-stage companies that provide essential services such as clean energy, healthcare, education, agricultural inputs, formal housing, and safe drinking water to low-income communities. Acumen has made significant investments totaling $128 million in 128 companies across 14 countries, impacting the lives of over 308 million individuals. The organization collaborates with notable partners, including the Rockefeller Foundation, the Bill & Melinda Gates Foundation, and Google.org, to address critical challenges faced by underserved populations.

Private Infrastructure Development Group is an infrastructure development firm that offers finance and funds for economic growth.

British International Investment is a development finance institution and impact investor based in London, United Kingdom. Established in 1948 and wholly owned by the UK Government's Department for International Development, BII aims to foster long-term economic growth and sustainability in emerging markets, particularly in Africa and South Asia. The institution invests across various sectors, including infrastructure, health, and agribusiness, with a focus on job creation and business development. BII provides financial support through debt, equity capital, and mezzanine financing, both directly and via intermediaries, catering to a wide range of industries such as distribution, education, consulting, logistics, and electronics.

Bamboo Capital Partners is a private equity and venture capital firm established in 2007, with its headquarters in Geneva, Switzerland, and additional offices in Bogotá, Luxembourg City, Nairobi, and Singapore. The firm focuses on impact investing, targeting early-stage and middle-market companies across various sectors, including microfinance, fast-moving consumer goods, financial inclusion, healthcare, education, energy, agriculture, and sanitation. Bamboo Capital Partners aims to invest globally, typically seeking equity investments ranging from $0.25 million to $9 million. By combining geographical and sector expertise, the firm endeavors to foster businesses that generate both financial returns and positive social impact.

Triodos Investment Management is a financial institution based in Driebergen-Rijsenburg, Netherlands, that specializes in impact investing and funding services. Established in 1990, it focuses on sectors including energy and climate, emerging markets, arts and culture, and sustainable real estate. As a wholly-owned subsidiary of Triodos Bank, the firm is dedicated to managing investments with a positive social and environmental impact. The executive management team oversees the assets of the firm, ensuring alignment with its commitment to sustainability and responsible investment practices.

MacKinnon, Bennett & Company is a Montreal-based merchant bank established in 2007 that specializes in sourcing, structuring, and managing private investments in various sectors, primarily focusing on renewable energy and urban infrastructure services. The firm targets investments in clean energy, intelligent transportation, LED lighting, and energy storage, aiming to achieve attractive risk-adjusted returns. MacKinnon, Bennett & Company serves a diverse clientele, including high net worth individuals, family offices, corporate clients, and institutional investors, leveraging its expertise to identify and capitalize on growth opportunities in these emerging markets.

Helios Investment Partners, established in 2004, is a London-based private equity firm focused on Africa. It invests in a broad range of sectors, including telecommunications, media, financial services, power, and consumer goods, among others. The firm engages in various investment types such as buyouts, growth equity, and structured investments in listed entities. Helios typically invests between $15 million to $200 million per transaction, with a preference for board seats in its portfolio companies. It primarily targets Nigeria, South Africa, and Kenya.

Gemcorp Capital is an independent investment management firm established in 2014 and headquartered in London, United Kingdom, with additional offices in Africa and Asia. The firm specializes in investments across emerging markets, focusing on various sectors and asset classes, including macro, public debt, private debt, and equity strategies. Gemcorp's team consists of 25 professionals, many of whom have prior experience at Goldman Sachs and Merrill Lynch, bringing a wealth of knowledge in emerging markets. The firm is dedicated to thorough investment processes, encompassing deal origination, structuring, and comprehensive due diligence, alongside robust operational controls to manage risk effectively. Additionally, Gemcorp provides investment advice and engages in co-investment opportunities, reflecting its commitment to creating value across its investment activities.

Lion's Head Global Partners is an investment bank based in London, established in 2008, that specializes in frontier and emerging markets, particularly in Sub-Saharan Africa. The firm operates through two main subsidiaries: LHGP Asset Management, which focuses on investment management, and Lion's Head Global Partners, which offers financial advisory services and capital raising. The firm provides expertise across various sectors, including agriculture, healthcare, education, financial intermediation, and infrastructure, addressing the unique challenges and opportunities within these markets.

Omidyar Network, established in 2004 by eBay founder Pierre Omidyar and his wife Pam, is a global impact investing firm that combines philanthropy and venture capital to catalyze social change. It invests in for-profit and non-profit organizations across sectors such as digital society, emerging technology, education, financial inclusion, governance, and property rights. The firm focuses on early-stage investments, typically committing between $1 million to $10 million in for-profits and $0.5 million to $5 million in non-profits. Omidyar Network operates globally, with a significant focus on India, and seeks to create opportunities for people to improve their lives and make a difference in their communities.

Mitsubishi Corporation, established in 1954, is a global, diversified business enterprise with operations spanning virtually every industry. Headquartered in Tokyo, Japan, the company develops and operates businesses ranging from natural resources development to investment in retail, infrastructure, financial products, and manufacturing of industrial goods. Its extensive portfolio includes segments such as industrial finance, energy, metals, machinery, chemicals, living essentials, and environmental business. Mitsubishi Corporation's activities have evolved beyond traditional trading operations, encompassing project development, production, and manufacturing, often in collaboration with global partners. The company's subsidiary, Mitsubishi Corporation (Americas), based in New York, USA, was founded in 2012 and focuses on creating sustainable businesses across various industries, leveraging its global market knowledge and expertise in financing and investing.

InfraCo Africa, established in 2004 and based in London, United Kingdom, is an infrastructure investor dedicated to alleviating poverty through investment in sub-Saharan infrastructure projects. The company focuses on funding and developing projects in sectors or regions where the private sector typically hesitates to invest at an early stage. By bearing the time and cost risks associated with initial project development, InfraCo Africa facilitates the transition of these projects from concept to bankable investment opportunities. Once the viability of a project is demonstrated, InfraCo aims to exit by transferring ownership to private sector developers and financiers, thereby mobilizing further private investment and enhancing infrastructure in underserved areas.

Khosla Impact, established in 2013, is an impact investment firm based in Menlo Park, California. It focuses on assisting high-impact entrepreneurs who develop products and services for the three billion people at the bottom of the world's economic pyramid. The firm invests in for-profit enterprises serving low-income individuals and small businesses in emerging markets, with a primary focus on South Asia. Khosla Impact encourages experimentation and supports entrepreneurs passionate about solving socio-economic challenges through technology and innovative business models.

The Currency Exchange Fund is a currency risk management product for investors active in frontier and emerging markets. Their unique fund focuses on currencies and maturities covered regular market.

FEI OGEF is a venture capital firm established in 2018 and located in Port Louis, Mauritius. The firm focuses on providing local currency financing solutions to companies that deliver affordable solar energy to off-grid communities in the region. By investing primarily in the energy and technology sectors, FEI OGEF aims to address the challenges of energy access while promoting sustainable development through innovative financing models.

GuarantCo Ltd. is a risk mitigation firm that specializes in enhancing local currency debt issuance for infrastructure projects in lower-income countries, primarily in Africa and Asia. Founded in 2005 and based in Mauritius, it provides contingent credit solutions, mainly in the form of guarantees, to facilitate debt financing for private, municipal, and parastatal sectors. GuarantCo also offers technical assistance to develop and structure transactions and supports local capacity building and capital market development. The company operates a diverse portfolio across 18 countries and two multi-country projects, with its activities managed by GuarantCo Management Company, which is part of the Cardano Development Group. By mobilizing local currency investment, GuarantCo aims to improve the availability of finance for infrastructure development and contribute to the growth of local financial markets.

ENGIE is an international energy company that focuses on providing sustainable energy solutions while promoting a transition to a carbon-neutral world. The company operates across various sectors, including electricity, natural gas, and energy services, with a strong commitment to lowering energy consumption and enhancing environmental impacts. ENGIE is a major player in Brazil, where it holds significant installed power generation capacity, primarily from clean, renewable sources. With operations spanning nearly 70 countries worldwide and a workforce of approximately 152,900 employees, ENGIE is dedicated to reconciling economic growth with social progress and environmental preservation. The firm’s history includes the merger of Gaz de France and Suez in 2008, followed by the acquisition of International Power in 2012 and a subsequent rebranding in 2015. Engie continues to prioritize its role in the energy transition while maintaining its position as a leading energy provider both in established and emerging markets.

DOB Equity is a private equity firm focused on providing growth capital and implementing buy-and-build strategies for small and medium-sized enterprises. The firm seeks to invest in companies with significant growth potential, aiming to enhance their value through strategic support and operational improvements. By concentrating on this segment of the market, DOB Equity aims to drive sustainable business development and create lasting impact in the regions it operates.

Oikocredit is a financial institution established in 1968 and based in the Netherlands. It focuses on empowering individuals and communities by providing funding to the microfinance sector, fair trade organizations, cooperatives, and small to medium enterprises. Oikocredit aims to create sustainable opportunities for people in need, enabling them to improve their own circumstances through access to financial resources.

Gramercy Funds Management LLC, founded in 1998 by Robert Koenigsberger, is a hedge fund manager based in Greenwich, Connecticut, with additional offices in London, Hong Kong, Singapore, Mexico City, and Silicon Valley. The firm specializes in emerging markets, providing investment solutions that encompass both alternative and long-only strategies. Gramercy is known for its expertise in distressed debt, but it has adapted its investment approach to include a broader range of instruments as the market has evolved. With a strong emphasis on fundamental analysis and bottom-up stock selection, the firm manages client-focused portfolios for a diverse clientele, including pension plans, foundations, and high-net-worth individuals. Gramercy’s investment professionals possess extensive experience in emerging markets, supported by a dedicated research team that enhances their decision-making capabilities through deep local insights and market knowledge.

The U.S. International Development Finance Corporation (DFC) serves as America's development bank, focusing on financing solutions to pressing challenges in the developing world. DFC collaborates with the private sector to invest in projects that foster job creation in emerging markets across various sectors, including energy, healthcare, critical infrastructure, telecommunications, and support for small businesses and women entrepreneurs. The corporation is committed to adhering to high standards that prioritize environmental sustainability, human rights, and worker rights in all its investments.

Trine is a company focused on crowdinvesting to support solar energy projects in emerging markets. It operates a crowdfunding platform that connects investors with local solar entrepreneurs, facilitating financial support for solar installations that address energy deficiencies in underdeveloped countries. By funding the initial costs of solar systems, Trine enables investors to receive returns through interest paid from the electricity generated. The company aims to democratize investment opportunities, allowing individuals to earn returns while contributing to the eradication of energy poverty and improving living standards in affected communities. Through its expertise and organizational structure, Trine plays a vital role in channeling finance to sustainable solar energy initiatives.

FMO, the Dutch entrepreneurial development bank, is a financial institution based in The Hague, Netherlands, founded in 1970 through a collaboration between the Dutch government and various financial entities. It focuses on supporting the private sector in developing countries and emerging markets across Asia, Africa, Latin America, and Central and Eastern Europe. FMO provides a diverse range of financial products, including long-term project financing, private equity, loans, guarantees, and mezzanine financing. Its investment portfolio is primarily allocated to financial institutions, energy, agribusiness, food and water, and private equity. By offering capital, expertise, and networks, FMO aims to foster sustainable economic development and empower local businesses and projects.

Sumitomo Corporation is an integrated trading company based in Tokyo, Japan. It engages in a diverse range of business activities, leveraging its corporate strengths to facilitate the sale of various products and services within Japan, as well as import and export operations. The company also participates in trilateral trade and invests in both domestic and international markets. Through its multifaceted approach, Sumitomo plays a significant role in enhancing trade and business connectivity in Japan and beyond.

Shell is a global energy company focused on the exploration, production, refining, and marketing of oil and natural gas, along with the manufacturing and marketing of chemicals. As a wholly owned subsidiary of Royal Dutch Shell, it operates in over 70 countries and employs approximately 87,000 people. Shell aims to meet the world's increasing energy demands in a responsible manner, emphasizing a transition to lower-carbon energy solutions. The company is committed to advancing sustainability through innovative technologies and practices, striving to balance economic growth with environmental and social responsibilities. Shell continuously assesses market dynamics and competitive forces to enhance its operational performance and maximize sustainable cash flow while adhering to high standards of health, safety, and ethical compliance.

Acumen Fund, Inc. is a non-profit organization established in 2001 and headquartered in New York City. The organization is dedicated to poverty eradication by raising charitable funds to invest in early-stage enterprises that offer affordable and reliable access to essential services such as healthcare, education, clean energy, housing, and safe drinking water for low-income populations. Acumen Fund employs a patient capital approach, providing both equity and debt investments to support the growth of these enterprises. The organization collaborates with various strategic partners, including notable foundations and corporations, to amplify its impact in addressing global poverty challenges. In addition to its New York office, Acumen Fund maintains a presence in Mumbai, Nairobi, Karachi, and Accra, allowing it to engage directly with the communities it serves.

International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.

African Infrastructure Investment Managers (AIIM) is a South Africa-based private equity firm specializing in the development and management of long-term infrastructure funds. AIIM invests in unlisted equity across various sectors, including roads, power, telecommunications, and social infrastructure, in East, West, and Southern Africa. With USD1.9 billion in equity under management across seven funds, AIIM actively manages investments, targeting a mix of core and core-plus infrastructure assets, with a focus on renewable energy and ESG considerations.

KawiSafi Ventures is a venture capital firm.

AHL Venture Partners, established in 2007, is a Vancouver-based venture capital firm with offices in Nairobi, Lusaka, and Accra. It specializes in providing growth capital to companies operating in energy access, financial inclusion, agriculture, and climate sectors, primarily in Eastern and Southern Africa. The firm is known for its entrepreneur-centric approach, making swift investment decisions, participating in follow-on funding rounds, and offering ongoing business support through locally based teams with deep market insights.

Persistent is a venture capital firm established in 2012 and based in Nairobi, Kenya. The company specializes in investing in and developing businesses in underserved markets, with a particular emphasis on early-to-growth-stage enterprises in sectors such as climate, renewable energy, e-mobility, agricultural technology, solar, and water. Persistent aims to provide operational and strategic support to exceptional entrepreneurs, facilitating access to essential services for low-income households, particularly in sub-Saharan Africa. The firm focuses on initiatives that enhance energy access, enabling customers to benefit from electric light, mobile phone charging, and other basic energy services. Through its venture-building model, Persistent seeks to generate both attractive financial returns and significant social and environmental impact.

Satya Capital is an independent investment firm established in 2009 and headquartered in London, United Kingdom. The firm focuses on providing long-term growth capital to African businesses, partnering with entrepreneurs to develop world-class companies with regional and pan-regional reach. Satya Capital is flexible in its investment approach, supporting companies at various stages of development, from expansion to post-IPO, thanks to its permanent capital base that allows for investments without a fixed exit timeline. The firm targets investments ranging from $20 million to $150 million across diverse sectors, including consumer and retail, healthcare, technology, media and telecommunications, and financial services. Satya Capital's team possesses a robust blend of financial and strategic expertise, complemented by significant operational experience, notably through their involvement in establishing Celtel, a pan-African mobile operator. The firm collaborates closely with management teams of its portfolio companies to foster growth by enhancing internal systems, attracting talent, and leveraging extensive networks throughout Africa.

Vodafone Group Plc is a multinational telecommunications company that provides a wide range of services, including mobile, fixed-line, and convergence services. It operates in over 20 countries, with its largest markets being Germany and the United Kingdom. Vodafone offers mobile services such as voice, messaging, and data, as well as fixed-line services like broadband and television. Additionally, it provides convergence services under the GigaKombi and Vodafone One names, IoT solutions, cloud and security services, and international voice, IP transit, and messaging services for business customers. Notably, Vodafone's M-Pesa platform facilitates mobile money transfers and financial services in Africa. The company has approximately 650 million mobile customers, 19 million fixed broadband customers, and 14 million TV customers as of March 31, 2019. Vodafone Group Plc was founded in 1984 and is headquartered in Newbury, the United Kingdom.