8 Miles

8 Miles is a private equity firm established in 2008 and based in London, specializing in investments across various sectors in Africa, including agribusiness, consumer goods, education, energy, financial services, healthcare, industrials, real estate, telecommunications, media, technology, and transport and logistics. The firm focuses on consumer-driven businesses and service providers with strong growth potential. It partners with entrepreneurs and management teams to achieve shared goals, providing both capital and operational expertise. 8 Miles adopts an active ownership approach, participating directly in the transformation of its portfolio companies to enhance performance. The firm's team comprises experienced professionals with a deep understanding of both developed and emerging markets, enabling them to navigate the unique opportunities and challenges present in Africa. Through their investment strategy, 8 Miles aims to generate superior returns while fostering the long-term development of African enterprises.

Doug Agble

Co-Founding Partner

Tiwa Akinlemibola

Vice President

Johan Fransson

Advisor

Nathan Mintah

Co-Founder & Partner

Hemen Shah

Co-Founder & Partner

9 past transactions

Blue Skies

Private Equity Round in 2017
Blue Skies Holdings Ltd produces, prepares, and markets fresh-cut fruit and fruit juices to retailers and supermarkets worldwide. The company offers prepared/cut fruit products, such as pineapple, mango, papaya, coconut, melon, pomegranate, and other varieties in various and sizes; and fresh squeezed pineapple, pineapple and ginger, tropical juice, Tropicoco and mango, orange, and banana bottled juices. The company offers retailer own label products primarily in the United Kingdom, France, the Netherlands, and Ghana. It also sells its products online. The company was founded in 1997 and is based in Pitsford, United Kingdom. It operates factories in Ghana, Egypt, South Africa, Brazil, and the United Kingdom.

Beloxxi

Private Equity Round in 2016
Beloxxi Industries Limited is a Nigerian company that specializes in the production and supply of biscuits, particularly cream crackers. Founded in 1994 and headquartered in Agbara, Nigeria, Beloxxi operates under stringent hygienic standards to ensure the quality and safety of its products. The company markets its biscuits through a network of distributors across Nigeria, focusing on providing affordable products without compromising quality. Beloxxi emphasizes the use of high-quality raw materials in its manufacturing processes and is dedicated to continuous improvement to enhance consumer satisfaction and meet global standards. The company, previously known as Beloxxi & Company Limited, rebranded in January 2003 to reflect its growth and commitment to excellence in the biscuit industry.

Verde Beef Processing

Private Equity Round in 2016
The project was founded by the Ethiopian venture firm, Verdant Frontiers, whose founders have established and sold numerous successful companies both in the US and Ethiopia. Verde Beef is led by two proven agribusiness managers residing in Ethiopia, Mr. Bruce Hamilton and Mr. Arnold Krul, who have both managed successful Ethiopian agribusiness ventures over the past five years. Verde Beef Processing PLC is an Ethiopian agribusiness company with an established feedlot in Adami Tulu, Oromia, Ethiopia on a 1,300 hectare farm.

Verde Beef Processing

Private Equity Round in 2015
The project was founded by the Ethiopian venture firm, Verdant Frontiers, whose founders have established and sold numerous successful companies both in the US and Ethiopia. Verde Beef is led by two proven agribusiness managers residing in Ethiopia, Mr. Bruce Hamilton and Mr. Arnold Krul, who have both managed successful Ethiopian agribusiness ventures over the past five years. Verde Beef Processing PLC is an Ethiopian agribusiness company with an established feedlot in Adami Tulu, Oromia, Ethiopia on a 1,300 hectare farm.

Orient Bank

Private Equity Round in 2015
Orient Bank provides commercial banking services in Uganda. It offers personal and corporate banking products and services that include current and savings accounts, and personal and business loans; Sapphire banking services that include current and savings accounts, and loans; and Internet banking, point of sale terminals, VISA cards, American Express cards, mobile banking, bill payment, and money transfer services.

Eagle Chemicals

Private Equity Round in 2014
Eagle Chemicals Group, established in 1958 and based in Cairo, Egypt, specializes in the production and distribution of resins and polymer products. The company offers a diverse range of materials, including additives, co-polymers, homopolymers, acrylic resins, alkyd resins, amino resins, epoxy ester resins, and both saturated and unsaturated polyester resins. These products are utilized in various applications, such as wood coating, automotive finishes, can coatings, decorative coatings, and adhesives, including pressure-sensitive adhesives. Eagle Chemicals serves a broad market through a network of agents and distributors across multiple countries in Africa, the Middle East, and parts of Europe.

Biyinzika Enterprises Ltd.

Private Equity Round in 2014
Biyinzika Enterprises Ltd. produces commercial broilers and layers. The company provides day old broilers and layers, broiler feeds, layer feeds, pelleted chicken feed, fortified corn and soya blends, and vegetable oils (bi-product). It markets and sells its products through its outlets/branches in Uganda. The company was founded in 1990 and is based in Kampala, Uganda.

Awash Wine

Acquisition in 2013
Awash Wines is Ethiopia's longest established wine producer, recognized as a market leader and a beloved brand within the country's cultural landscape. The company specializes in high-quality wines, including honey wine and vermouth, which are crafted from its vineyards. Awash Wines supplies its products to hotels, restaurants, bars, and supermarkets throughout Ethiopia, ensuring that consumers have access to finely aged wine at fair prices. Through its commitment to quality and local heritage, Awash Wines has become an integral part of Ethiopia's wine industry.

eleni

Private Equity Round in 2013
eleni LLC is a developer of commodity exchange platforms, focused on transforming markets in frontier regions of Africa. Based in Nairobi, Kenya, the company specializes in building end-to-end exchange ecosystems that significantly impact the livelihoods of rural communities. It offers a comprehensive technology suite that includes various business applications for commodity markets, alongside essential services for implementing exchange projects. These services encompass legal and regulatory frameworks, warehouse receipt systems, electronic central depositories, automated clearinghouses, trade matching, and real-time mobile market data. Additionally, eleni manages logistics for delivery, membership, training, and certification, while ensuring market surveillance, compliance enforcement, and risk management. Through its initiatives, eleni aims to enhance accessibility to commodity exchanges, ultimately improving the economic conditions for millions in rural areas.