African Development Bank

African Development Bank operates as a multilateral development finance institution in Africa. It offers loans, lines of credit, agency lines, guarantees, risk management products, trade finance program, treasury services, and equity and quasi-equity products; and funding for development projects and programs, as well as technical assistance for studies and capacity-building. The company also provides concessional loans for public and private sectors. African Development Bank was founded in 1964 and is headquartered in Abidjan, Ivory Coast.
CB

Charles Boamah

VP and CFO

RG

Rupali Gupta

Head of Investor Relations

AM

Astrid Manroth

Director

CB

Cheikh B. Mbaye

CIO

IB

Ismael Beidari Touré

CIO

Past deals in Ethiopia

Eskom Holdings

Debt Financing in 2016
Eskom generates approximately 95% of the electricity used in South Africa and approximately 45% of the electricity used in Africa. Eskom generates, transmits and distributes electricity to industrial, mining, commercial, agricultural and residential customers and redistributors. Additional power stations and major power lines are being built to meet rising electricity demand in South Africa. Eskom will continue to focus on improving and strengthening its core business of electricity generation, transmission, trading and distribution. Eskom buys electricity from and sells electricity to the countries of the Southern African Development Community (SADC). The future involvement in African markets outside South Africa (that is the SADC countries connected to the South African grid and the rest of Africa) is limited to those projects that have a direct impact on ensuring security of supply for South Africa. ​
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.

Family Bank Ltd

Debt Financing in 2023
Family Bank is a fully-fledged commercial bank since May 2007. The Bank is regulated by the Central Bank of Kenya (CBK) and is a member of the Kenya Deposit Insurance Corporation. The Bank is growing with over 1.7 million customers and a network of 93 branches countrywide. It was the first Bank in Kenya to introduce paperless banking through smart card technology.

Winners Project

Venture Round in 2019
Winners is an agricultural supply chain de-risking service

ACWA Power International

Debt Financing in 2021
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.
Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 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.

EthSwitch

Grant in 2021
EthSwitch provides simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals.

Development Bank of Nigeria

Venture Round in 2018
Development Bank of Nigeria PLC offers finance and credit to eligible financial intermediaries. The company provides financing, partial credit guarantees, wholesale lending, partial credit risk guarantees, capacity building, and technical assistance to micro, small and medium scale enterprises (MSMEs); and small corporate in Nigeria on a market-conforming and fully financially sustainable basis. The company was founded in 2015 and is headquartered in Abuja, Nigeria.

Mandulis Energy

Grant in 2016
Mandulis Energy develops and operates renewable energy projects, with a focus on emerging markets.
Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 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.

dVentus Technologies

Grant in 2014
dVentus Technologies focuses on state of the art technology, from system integration to energy efficiency solutions for renewable energy and advanced transportation. Our globally experienced and innovative team offer speedy concept to production of cost effective yet new technology generators and drive product designs into customized system integrated solutions.

SA Taxi

Debt Financing in 2020
SA Taxi finances entrepreneurs who operate minibus taxis that may not otherwise have access to credit from traditional banks, contributing to job creation, and enabling and improving the safety of public transport in South Africa. We make a vital contribution to a market sector that has a stimulating effect on the national economy at many different levels.

Farmerline

Grant in 2019
The Farmerline vision is to see an Africa where Agriculture NGO’s are not a functioning force in the market. Farmerline provides paid services that allow farmers to have the information and access they need to employ an entrepreneurial method of farming. Input dealers and traders pay for more efficient communication channels to farmers and farmers pay for information packages and services. In this vision, more food is produce, more food gets to market, and GDP from cash crop export soars.

Eskom Holdings

Debt Financing in 2018
Eskom generates approximately 95% of the electricity used in South Africa and approximately 45% of the electricity used in Africa. Eskom generates, transmits and distributes electricity to industrial, mining, commercial, agricultural and residential customers and redistributors. Additional power stations and major power lines are being built to meet rising electricity demand in South Africa. Eskom will continue to focus on improving and strengthening its core business of electricity generation, transmission, trading and distribution. Eskom buys electricity from and sells electricity to the countries of the Southern African Development Community (SADC). The future involvement in African markets outside South Africa (that is the SADC countries connected to the South African grid and the rest of Africa) is limited to those projects that have a direct impact on ensuring security of supply for South Africa. ​
The Emerging Africa Infrastructure Fund (EAIF) is a public private partnership. It mobilises capital from public and private sources to lend to businesses creating, improving or expanding infrastructure in sub-Saharan Africa. They provide long-term debt on commercial terms to infrastructure projects in Africa, particularly in fragile states where conventional lenders are often averse to the risks involved. The Fund lends to infrastructure projects mainly owned, managed and operated by private sector businesses.

Uganda Development Bank

Debt Financing in 2018
Uganda Development Bank Limited (UDBL) is a public enterprise wholly owned by the Government of Uganda and carrying on business as a Development Finance Institution (DFI).

Foodlocker Limited

Grant in 2020
Foodlocker Limited operates a platform for foodstuff and grocery items in Africa. It offers baby food, baking, biscuit, cereals, condiments, drinks, fish, fruits, kitchen items, meat, oil, pasta, poultry, processed food, provisions, snacks, staples, sweets, tubers, and vegetables. The company is based in Ibadan, Nigeria.

Chase Bank Kenya

Venture Round in 2016
Chase Bank is a commercial bank that offers businesses and individuals with a range of solutions and services. Chase Bank offers their customers with online banking solutions, Mobile2Bank, credit cards, and more. Mobile2Bank is a set of tools that allow businesses to receive money, make payments, manage agency float, and obtain credit facilities from their business bank account. The bank offers a range of cards, including Chase ATM Card, Master Card Reward Credit Card, Visa Gold Credit Card, Chase Prepaid Traveler Card, Airtel Money Card, and Naivas Loyalty Card. Chase Bank was founded in 1996.