AfricInvest

AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia. Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on North Africa and Sub-Saharan Africa, and employs 66 professionals based in seven offices. AfricInvest manages USD1 billion across 16 funds and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe. Having co-founded the African Venture Capital Association (AVCA) as well as the Middle East North Africa Private Equity Association (MENAPEA) and the Euromed Capital Forum, the firm is an active promotor of the private equity industry in the region. Since 1994, AfricInvest has invested in 135 companies across 25 African countries in a variety of high growth sectors and maintains a broad network of high quality executives across Africa, offering extensive expertise in key growth industries, including financial services, agribusiness, consumer/retail, education and healthcare.
FB

Farid Benlafdil

Partner

CB

Cherif Bouattour

Partner

AF

Anis Fathallah

Senior Partner of Investor Relations

MG

Mehdi Gharbi

Senior Partner and CIO, Algeria and Libya

KG

Karim Ghedamsi

Senior Partner

SG

Samia Ghorbel

Partner

BE

Brahim El Jaî

Senior Partner and MD

KB

Khaled Ben Jennet

Partner and MD of AfricInvest Europe

Khaled Ben Jilani

Senior Partner and Head of Financial Sector

FJ

Faisal Jiwa

Investment Director

AK

Anis Kallel

Senior Partner

Aziz Mebarek

Founding Partner

GO

George Odo

Senior Partner and MD

AO

Abiola Ojo-Osagie

Senior Partner and MD

SO

Skander Oueslati

Senior Partner and Co-Head

ZO

Ziad Oueslati

Founding Partner

YT

Yazid Taalba

Senior Partner and MD

JT

Julius Tichelaar

Partner

KT

Karim Trad

Founding Partner

AW

Ann Wyman

Senior Manager and Head of Economics and Investor Engagement

64 past transactions

Maille Club

Venture Round in 2013
Maille Club engages in the manufacturing of knit clothing. It was founded in 1976.

NMB Bank Limited

Venture Round in 2013
NMB Bank is dedicated to providing premium financial services to all existing and potential customers. Since 1993, we have offered supreme corporate, retail and investment banking solutions.

Finapack

Venture Round in 2005
Finapack operates as a manufacturer of cardboard packaging.

Britam

Post in 2017
Britam is a diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region. The company offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. The product range includes: life, health and general insurance, pensions, unit trusts, investment planning, wealth management, off-shore investments, retirement planning, discretionary portfolio management, Property development and private Equity.

Maghreb Leasing Algérie

Venture Round in 2008
MLA is the first independent leasing company created in Algeria in December 2006. It employs about 70 people and is the market leader in terms of annual financing. The company has five branches and is planning to start new businesses such as factoring and fleet management.

GoMyCode

Series A in 2022
GoMyCode is changing the education market by training talents in a dynamic belnded environement on digital skills and connects them with tech opportunities around the world. Based on 4 Main Aspects: - Data based Assessment - Data based matching - Business Analytics - Learning Platform - Content Editor GoMyCode provides digital Skills Training for the Future of Work. In 4 Different fields: - DATA - DEVELOPMENT - DESIGN - DIGITAL MARKETING

MFS Africa

Series C in 2022
MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.

Kiboko Holdings

Venture Round in 2011
Kiboko Holdings is a holding company that owns East African companies. It also engages in the distribution of consumer goods.

MFS Africa

Series C in 2021
MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.

icosnet

Venture Round in 2007
icosnet, SpA operates as an internet service provider and VOIP operator. icosnet, SpA was founded in 1999 and is based in Cheraga, Algeria.

International Community School

Venture Round in 2017
International Community School (ICS-K), formally opened its doors to the public in January 2000 with seven students. ICS-K is now a school with over 1000 students from Pre-school through High School. They pride rich cultural diversity, with their student body consisting of learners of more than 30 different nationalities. Learning atmosphere is important, and ICS provides the perfect environment with their beautiful 20-acre campus outfitted with sizeable classrooms, well-stocked libraries, art rooms, computer labs and comfortable boarding houses amongst many other facilites.

InstaDeep Ltd

Series A in 2019
InstaDeep Ltd develops and offers artificial intelligence (AI) based decision making systems for enterprise sector. The company was founded in 2014 and is headquartered in London, United Kingdom with additional offices in Paris, France; Tunis, Tunisia; Nairobi, Kenya; and Lagos, Nigeria.

Advyteam

Venture Round in 2017
Advyteam Consulting Group, SAS develops and provides human resources consulting solutions and human resources management information systems. The company was incorporated in 2011 and is headquartered in Paris, France with additional offices in Tunisia and Morocco.

TEJRA

Venture Round in 2012
Established in 2012 in Tunisia, TEJRA specializes in the production and distribution of terracotta construction materials. TEJRA has succeeded in gaining a foothold in the market as "the major player in the manufacture of bricks in Tunisia" and "Industrial recognized for the quality, originality, performance and innovation of earth products Cooked " The expertise and knowledge of terracotta, the good reserves of its quarries have enabled TEJRA to specify upstream its production tools, its raw material and the manufacturing processes to be implemented in order to guarantee, Downstream, the recognized and certified quality of its products. Quality is at the heart of the concerns of the technical production teams and the management teams. It is essential at all stages of the process, from the selection of the clays to the packaging of the products and their deliveries. The main concern of TEJRA is to guarantee the reliability of its products by the tests, controls, the respect of the standards and labels for the certification of its products.

RAYNAL Assurances

Private Equity Round in 2021
RAYNAL Assurances operates as an insurance company. RAYNAL Assurances underwrites a large range of non-life insurance risks associated to automotive, health, accident, fire, transport, and other multi-risks, addressing a clientele composed of both corporate and retail customers.

Regge Hout

Private Equity Round in 2009
Regge Hout develop, manufacture, and trade wood products.The Company produces products such as cutlery wood, braid mats, purlins, sheet piling, bridges, decking, scaffolding, and fence posts. Reef Group serves customers throughout the Netherlands.

IP-TECH

Private Equity Round in 2017
IP-TECH engages in computing and software development. It provides a service center to software publishers, service companies (SSII), information system management (ISD) or startups in the implementation of the most demanding IT projects. The company was founded in 2007 and is based in Tunis, Tunisia.

Servicom

Private Equity Round in 2013
Servicom S.A. provides infrastructure related services in Tunisia and internationally. It engages in private and public construction works, including water and waste water, energy, and environmental construction. The company also provides phones, 3G and 4G smartphones, and android and windows tablets for B2B and B2C users. In addition, it distributes heating and air-conditioning equipment, as well as offers after-sales service; and installs and maintains elevators and escalators. Servicom S.A. was founded in 2003 and is based in Ariana, Tunisia.

Hydrolsol Fondations

Venture Round in 2006
Hydrolsol Fondations is a company specialized in geological surveys and specialized foundations. The main clients of the company are international firms that have won large infrastructure contracts in Tunisia and North Africa. It also provides services for the infrastructures and agriculture ministries, as well as for consulting firms.

Cotugrain

Venture Round in 2007
Cotugrain S.a.r.l. produces and markets vegetable seeds in Tunisia. The company also offers forage, legumes, cereals, industrial, and open pollinated seeds. In addition, it provides fertilizers, pesticides, no till and system machinery, agricultural materials, lawn fertilizers, substrates and peat moss, flower seeds and bulbs, and agro-diagnostics and laboratories equipment. The company was founded in 1985 and is based in Tunis, Tunisia.

Gourmandia

Venture Round in 2015
Gourmandia.com promotes healthy exquisite recipes: vegetarian, vegan, lactose free, high fiber, organic food, soul food, low carb.

Family Bank Ltd

Private Equity Round in 2010
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.

Crédit Communautaire d’Afrique

Venture Round in 2016
CCA is the largest microfinance institution in Cameroon. The company collects deposits and provides loans to its 420,000 clients representing micro-small-medium enterprises and entrepreneurs (MSMEs) and salaried people. It has a retail network of 42 branches covering the whole country which makes it the larger financial institution in Cameroon in terms of the number of branches and geographic coverage. Further to the AfricInvest investment, the company is being transformed into a universal bank.

Traveltodo

Venture Round in 2006
Traveltodo, is the first Tunisian travel agency completely based on the Internet, which aims to fully satisfy the travel needs of Tunisians. The service, accessible from the internet address "www.traveltodo.com", showcases a selection of permanent offers from some 800 providers of local tourism among hotels, restaurants, car rental agencies, and thalassotherapy centers. Traveltodo is a "public" brand of Splendid Tour the Tunisian travel agency (Lic A) approved by the National Tourist Board.

UAP Group

Venture Round in 2012
UAP Group is a pan-African financial services group with interests in insurance, investment management, property development and investments, securities brokerage and financial advisory. The history of the Group can be traced back by over 90 years while recent expansion and growth in the East African market have made UAP one of the key players in the financial services sector in the region. Currently, the group has businesses operating in Kenya, Uganda, South Sudan, Rwanda, DRC and Tanzania.

Polymères SA

Venture Round in 2011
POLYMERES SA is an industrial unit for the extrusion of plastic raw materials for injection, mainly for the electrical, electronic and automotive sectors. It is the only producer of plastic granulates in Tunisia and one of the pioneers of this activity in the Maghreb. POLYMERES SA is in the process of successfully transferring a technology to Africa, long considered the preserve of the West. Its technical team of engineers and senior technicians has been trained for months at a German partner; One of the biggest European compounders. The company POLYMERES SA aims to become a major player in the plastics industry in the Maghreb, offering a product of quality equal to that of the European product, at a lower cost and a proximity to the Maghreb plastrers and European operators who settle in the Maghreb . It capitalizes on the emergence of Tunisia as an important subcontracting platform for OEMs of injected or extruded products.

MAS

Venture Round in 2016
MAS manufactures and installs window, door, and facade systems made from aluminium.

Sicopa

Acquisition in 2008
Sicopa was created in 1985 and is specialized in the production of olives, dried tomatoes, and pepper. The diversified range of products allows Sicopa to control a large distribution market. Sicopa has been approved by American food companies, such as Subway, following several audits.

Omniacom

Venture Round in 2008
As a provider of telecommunications solutions and services, serving operators and service providers in Africa and the Middle East, OMNIACOM has decided to diversify into its activities and expand its portfolio of services to better serve its customers and partners. Among the new services set up, IT, WEB and the universe of Multimedia in general constitute its new battleground. To succeed in this challenge, OMNIACOM has acquired a team of highly qualified engineers with years of experience and "success stories" to meet the most daring challenges.

Saiss Lait

Venture Round in 2007
Saiss Lait is specialises in the production of sterilized milk and other dairy products and is based in Morocco.

Le Wagon SAS

Series A in 2020
Le Wagon is an intensive 9-week coding bootcamp that teaches students to develop web applications from scratch. Their cutting-edge curriculum and teachers give students the skills and tools needed to kick-start their tech career, land a job as software developers, or launch their own start-up. Through coding bootcamps, Le Wagon teaches the skills and entrepreneurial mindset needed to thrive now and in the future. Le Wagon was founded in 2013 and is based in Paris, Ile-de-France, France.
Silafrica Plastics and Packaging International Limited manufactures and markets plastic and packaging solutions. The company offers containers, rigid consumer packaging, stretch wrap, beverage crates, pallets, and general crates. It caters to food and beverage cosmetics, healthcare, chemicals, and construction sectors. Silafrica Plastics and Packaging International Limited was founded in 1963 and is based in Nairobi, Kenya.

One Tech Group

Venture Round in 2016
One Tech Group engages in the manufacturing of printed circuits, electronic and mechanical assembly, connectors and wiring, and plastic injection. The company was founded in 1978 and is based in Tunis, Tunisia.

Nouvelair

Venture Round in 2001
Nouvelair is the leading airline charter company in Africa with flights mainly to EU destinations. It has an average fleet of 15 aircrafts and recently expanded its activities to Egypt through the acquisition of a charter airline company (Coral Blue). The company has the highest certificate for safety and operations and has developed strategic activities such as aircraft assistance, maintenance, and training via dedicated affiliates.

Aerobotics

Series B in 2020
Aerobotics (Pty.) Ltd. develops autonomous unmanned aerial vehicles (UAVs) which includes drone, and DJI flight planner app; data processing solutions, and analysis software for agriculture, surveying, gaming, and security industries. Aerobotics (Pty.) Ltd. was incorporated in 2014 and is based in Cape Town, South Africa.

Buzzkito

Series A in 2018
Buzzkito Network engages in short content video production and distribution activities. The company was founded in 2006 and is headquartered in Dubai, United Arab Emirates with additional offices in Casablanca, Morocco and Jeddah, Saudi Arabia.

Broron Oil and Gas

Venture Round in 2014
Broron Oil & Gas Limited is an indigenous oil and gas offshore services company which provides offshore support services to International Oil Companies (IOCs), independent and indigenous upstream companies in Nigeria and the Gulf of Guinea. Services provided by the Company include subsea engineering services, diving services, project management, logistics and procurement support services. The Company was incorporated in 2002 and commenced operations in 2007.

LaGray Chemical

Venture Round in 2009
LaGray Chemical, a pharmaceutical manufacturing company, engages in developing, manufacturing, and marketing branded and generic pharmaceutical active ingredients and finished dosage forms in West Africa.

iSON Xperiences

Debt Financing in 2018
Ison BPO is the largest independent call centre operator in Africa with presence in 10 Anglophone and Francophone countries as well as a large presence in India. It serves 100 million customers for clients in telecom, public sector and retail and employs 6,000 people, of which 3,400+ are employed in Africa, providing voice and CRM process solutions.

Les Centaures Routiers (LCR)

Venture Round in 2018
LCR is a family owned business founded in August 1953 by Jean-Jacques Delsuc. The Company employs more than 540 people.Presently, LCR is a leading and reputable transportation company in Côte d’Ivoire with a historical presence. The company is operating an impressive fleet of trucks and other equipment.

Altea Packaging

Venture Round in 2007
Altea Packaging is a flexible packaging converter in the Maghreb and Middle East region. The company specializes in developing, converting and printing of flexible packaging. With nearly 700 employees and five production sites in Egypt, Tunisia and Algeria, and an expertise rivaling the industry's largest international groups, Altea Packaging offers a range of nearby services to all multinational companies across the region and all companies looking for high quality products from a reliable supplier with a proven experience.

Heetch

Series B in 2019
Heetch is a ride-sharing app targeted at late night transportation seekers, offering an alternative to taxis. It was launch in Paris in 2013 led by co-founder Teddy Pellerin and Jacob Matthieu. Today, it has thousands of daily rides in France, Belgium, and Morocco. The company is backed by Cathay Innovation, Total Ventures, and Felix Capital.

Azalaï Hotels

Venture Round in 2017
The Azalaï Hotels Group is the first hotel chain in West Africa and a regional leader in the hotel sector. With more than 20 years of experience, a head office based in Mali, Azalaï Hotels has developed a strategy oriented to satisfy the growing needs of its customers by constantly improving the quality of its high-end service through meticulous renovation Of its hotel units and by a rigorous management of its rapidly growing portfolio. From Bamako to Ouagadougou, Cotonou, Bissau, Nouakchott and Abidjan, the success of the Azalaï Hotels Group is enhanced by a warm welcome and high quality service guaranteed by African hospitality. This high-quality service is the result of the work of all the company's employees. The Azalaï Hotels Group generates more than 4000 direct and indirect jobs across the subregion.

Outsourcia SARL

Venture Round in 2016
Outsourcia SARL offers information technology outsourcing (ITO) and business process outsourcing (BPO) services. The company was founded in 2003 and is based in Evreux, France.

AHL Venture Partners

Venture Round in 2012
AHL Venture Partners is a venture capital firms specializing in growth capital. The firm typically invests in energy access, financial inclusion, agriculture, human capital and frontier markets. The firm seeks to invest in companies based in Nairobi, Accra, Lusaka and Vancouver. It also focuses on investment in Eastern and Southern Africa. AHL Venture Partners is based in Vancouver, Canada with an additional offices in Nairobi, Kenya; Lusaka, Zambia and Accra, Ghana.

San José López Group

Private Equity Round in 2013
Grupo San José López is a Spanish company based in San Sebastien operating in the road freight transport sector for more than 60 years and controlled by three Spanish families (the Lopez, the Quiroga and the Estensoro families). The group was set up in 2002 from a merger of two of the most reputed Spanish international road carriers that combine more than 120 years of operations in Spain, Europe and Morocco. It operates in Morocco since the eighties and has managed to build a privileged position in the Moroccan market supported by a strong reputation of reliability and seriousness among Moroccan clients, multinational companies based in Morocco and the local authorities. Grupo SJL has developed a unique and widely-recognized expertise in the international road freight transportation of goods between Morocco and Europe especially on the automotive sector where the company serves major global players (i.e. Renault, Leoni, Tyco, Michelin, Faurecia...). The group's business which covers the whole value chain of the transportation and logistics market (commissioning, freight forwarding, road transportation, consolidation and groupage of shipments, pick-up/loading,temporary admission of goods,....) is about creating and operating point-to-point transportation routes for clients.

Siprof

Venture Round in 2005
For more than 30 years, Siprof has been a leading manufacturer of friction products for both light and heavy-duty vehicles.

General Emballage

Venture Round in 2009
General Emballage is a supplier of corrugated cardboard in Algeria. The company supplies its clients with double layered cardboard and double-double layered. General Emballage entered the market in back in 2002, since then, had grown enormously. It now employs a workforce of 1000 colleagues spread out on 3 productions facilities ( Akbou, Setif and Oran sites).

Bridge Group West Africa

Private Equity Round in 2014
Bridge Group West Africa is a financial holding company.

Platinum Power

Private Equity Round in 2015
Platinum Power is an independent energy operator that focuses on renewable energy production projects in Africa.

AXA Mansard

Venture Round in 2006
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries. The group is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. Despite being written in upper case, "AXA" is not an acronym, the name was chosen because it is short and can be pronounced easily the same way in every language. AXA is present in geographically diverse markets, with operations concentrated in Europe, North America and Asia Pacific. AXA’s is also present in Central and South America, Middle East and in Africa via operations in Cameroon, Gabon, Ivory Coast, Morocco, Senegal and Algeria. AXA has more than over 20 year’s continuous presence in Africa. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016. AXA Mansard was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services, health management services and pension fund administration through its three subsidiaries AXA Mansard Investments Limited, AXA Mansard Health Limited and AXA Mansard Pensions Limited. From 2004 to 2015, AXA Mansard Insurance grew its turnover at a compounded annual growth rate (CAGR) of 55%. In 2016, GWP was NGN 20.7 billion, while net income was NGN 10.9 billion, a 10% increase over 2015. The company has progressed from the 97th position out of 109 insurance companies existing in 2003 to one of the top 4 out of 58 insurance companies in 2016. This growth has attracted the attention of analysts from across the world. AXA Mansard Insurance was listed on the Nigeria Stock Exchange in November 2009. In December 2014, AXA Mansard became a member of AXA following AXA’s acquisition of Assur Holdings (AAH), the majority shareholders in the erstwhile company. AXA Mansard Insurance plc is rated B+ by A.M. Best (2016) for Financial Strength. The Company is also certified ISO 9001:2008 compliant by the Standard Organisation of Nigeria (SON) for quality management systems.

Bridge Bank Group

Venture Round in 2014
Bridge Group West Africa is a holding company which has a majority equity share in Bride Bank Cote d'Ivoire, an Ivorian universal bank and a minority significant equity stake in a bank in Senegal.

Snax

Venture Round in 2008
Snax, a producer of salty snacks, is the unchallenged leader in the Algerian market with over 50% market share. The company has also developed production and distribution of sweet snacks mainly muffins and sorbet sticks.

Cogitel

Acquisition in 1998
Cogitel is a manufacturer of flexible packaging in North Africa. It offers printing and light packaging services using materials that inlcude olefin, polyester, paper, and aluminum. The company’s services help in preservation of a wide range of products such as pasta, couscous, rice, cookies, chocolate, milk products, ice cream, yogurt, and detergents.

Elephant Group Limited

Private Equity Round in 2015
The company is one of the leading importers of agro-commodities in Nigeria. It currently imports, markets and distributes rice and fertilizer in the country and is currently ranked amongst the top five players in the industry, with shares of 8% and 10%, respectively, in these segments.

Brookhouse

Venture Round in 2010
Brookhouse is a co-educational day and boarding school for students aged 2-19, offering an adapted form of the British National Curriculum to Kenyan and international students. The school strives to develop each student's intellectual, emotional, physical and social growth to their full potential.

CFG Bank

Private Equity Round in 2018
CFG Bank's value system has been focused on the quality of its human resources, customer culture and excellence, the cult of innovation and commitment.

Promamec

Venture Round in 2018
Promamec SARL manufactures and distributes medical equipment. Its products include medical and paramedical devices, downstream customized medical equipment, and upstream storable consumables. The company was founded in 1981 and is headquartered in Casablanca, Morocco.

Amimer Energie Spa

Venture Round in 2013
The Amimer Energie Group is one of the most dynamic companies in the field of energy equipment. Its mission is to provide an end-to-end service throughout the product lifecycle, from initial needs assessment to implementing a solution that meets customer requirements and current standards. The Amimer Energie Group has more than 700 employees and its products are present throughout the Algerian territory and even in certain countries of the MENA zone. The Amimer Energie Group benefits from positions of Algerian leader around the business lines: Generating sets, Power station.