African Development Bank

The African Development Bank (AfDB), founded in 1964 and headquartered in Abidjan, Ivory Coast, is a multilateral development finance institution dedicated to promoting economic and social progress in African countries. It provides a range of financial products, including concessional loans, guarantees, lines of credit, and risk management tools, aimed at supporting development projects and programs. The bank collaborates with national and international development institutions to foster investments from both public and private sectors, focusing on initiatives that reduce poverty and enhance living conditions. The AfDB comprises three entities: the African Development Bank, the African Development Fund, which offers concessional financing to low-income countries, and the Nigeria Trust Fund. Additionally, the institution offers technical assistance to enhance project selection, preparation, and capacity-building efforts across the region.

Mahib Cissé

Chief Investment Officer

Arun Kumar

Principal Investment Officer

Past deals in Banks

Family Bank

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.

Ecobank

Post in 2021
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, is a banking institution that provides a comprehensive range of retail, corporate, and investment banking services across Africa and internationally. The bank operates through three main segments: Corporate & Investment Banking, Commercial Banking, and Consumer Banking. Its offerings include various account types, personal and asset acquisition loans, mortgages, and payment cards, along with internet and mobile banking services. Additionally, Ecobank provides bancassurance, remittances, foreign exchange, trade finance, and cash management services. The bank serves a diverse clientele, including individuals, multinationals, government agencies, and small to medium-sized enterprises. With a network of 888 branches and over 2,460 ATMs, Ecobank has positioned itself as a key player in the West African banking sector, addressing the needs of a region previously dominated by foreign and state-owned banks.

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.

Uganda Development Bank

Debt Financing in 2018
Uganda Development Bank Limited (UDBL) is a government-owned development finance institution established in 1972. As the first of its kind in the country, UDBL aims to promote economic development by providing financial support across various sectors, with a focus on agriculture, industry, tourism, housing, and commerce. The bank offers debt financing options, including loans tailored for small and medium-sized enterprises, thereby facilitating growth and innovation in key industries such as agriculture, construction, and real estate services. By addressing the financing needs of these sectors, Uganda Development Bank plays a vital role in enhancing the overall economic landscape of Uganda.

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.

Ecobank

Post in 2016
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, is a banking institution that provides a comprehensive range of retail, corporate, and investment banking services across Africa and internationally. The bank operates through three main segments: Corporate & Investment Banking, Commercial Banking, and Consumer Banking. Its offerings include various account types, personal and asset acquisition loans, mortgages, and payment cards, along with internet and mobile banking services. Additionally, Ecobank provides bancassurance, remittances, foreign exchange, trade finance, and cash management services. The bank serves a diverse clientele, including individuals, multinationals, government agencies, and small to medium-sized enterprises. With a network of 888 branches and over 2,460 ATMs, Ecobank has positioned itself as a key player in the West African banking sector, addressing the needs of a region previously dominated by foreign and state-owned banks.

Chase Bank Kenya

Venture Round in 2016
Chase Bank Kenya, founded in 1996, operates as a commercial bank focused on serving small and medium-sized enterprises (SMEs) as well as individual customers. The bank provides a variety of financial solutions, including online banking services and the Mobile2Bank platform, which enables businesses to manage transactions, receive payments, and access credit facilities. Chase Bank also offers a diverse selection of credit and debit cards, such as the Chase ATM Card, Master Card Reward Credit Card, Visa Gold Credit Card, and specialized cards like the Airtel Money Card and Naivas Loyalty Card. In addition to these services, the bank engages in deposit-taking micro-finance, installment loans, payday loans, and account maintenance services, catering to the diverse needs of its clientele.
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