Investment Fund For Developing Countries

The Investment Fund for Developing Countries is an economic development agency located in Copenhagen, Denmark, established in 1967. It focuses on fostering green and inclusive societies while supporting sustainable development goals. The agency offers advisory services and risk capital to Danish companies seeking to invest in developing countries and emerging markets. Additionally, it acts as a fund manager for various funds created in collaboration with the Danish state and institutional investors. The executive management team oversees the management of the agency's assets, ensuring effective support for investments that contribute to economic growth in targeted regions.

Andrew Githaiga

Investment Director

Rohit Goyal

Vice President, Financial Services

3 past transactions

Africa GreenCo

Seed Round in 2022
Africa GreenCo is an energy trading service provider focused on selling power through long-term contracts. The company serves as an intermediary aggregator between buyers and sellers, facilitating access to green power supply. By leveraging a multi-buyer model, Africa GreenCo aims to attract sustainable investments in the power sector, thereby increasing power capacity through the development of new renewable energy generation. This approach enables utilities and private buyers to engage more effectively in the green energy market.

Eranove

Venture Round in 2021
Formerly known as Finagestion, the Eranove Group is a leading player in public service management and electricity and drinking water production in West Africa. The Group has been operating in Côte d’Ivoire (SODECI, CIE, CIPREL and AWALE) for several decades, in Senegal (SDE) since 1996 and in the Democratic Republic of Congo, via a service contract with REGIDESO, since 2012. The Group and its subsidiaries are fully committed to all aspects of Corporate Social Responsibility (CSR) in meeting with quality, safety and environmental standards according to ISO 9001, OHSAS 18001 and ISO 140001 certification standards.
Alliance for Microfinance in Myanmar Ltd is a microfinance institution based in Mandalay, Myanmar, established in 2014. It focuses on providing financial services and education to low-income households, with a particular emphasis on supporting women entrepreneurs. As a for-profit microfinance institution, Alliance aims to balance financial sustainability with social impact, adhering to the Smart Campaign for client protection and striving for compliance with the Universal Standards for Social Performance Management. Founded through a partnership between FIDES of Switzerland and BASIX of India, Alliance seeks to play a significant role in the emerging microfinance sector of Myanmar, contributing to poverty alleviation and economic growth in the region.
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