AfricInvest, founded in 1994 and based in Tunis, Tunisia, is a prominent private equity investment firm and part of the Integra Group. With a dedicated focus on North Africa and Sub-Saharan Africa, AfricInvest employs 66 professionals across seven offices and manages approximately USD 1 billion across 16 funds. The firm has a strong track record of investing in small and medium enterprises in various high-growth sectors, including financial services, agribusiness, consumer/retail, education, and healthcare. Since its inception, AfricInvest has invested in 135 companies across 25 African countries, leveraging a broad network of executives to enhance its investment strategies. The firm is also an active advocate for the private equity industry, having co-founded the African Venture Capital Association and other regional initiatives aimed at promoting investment in Africa.
MFS Africa Limited is a leading provider of mobile money interoperability in Africa, facilitating seamless money transfers and payments across the continent. Established in 2009 and headquartered in Accra, Ghana, the company connects mobile network operators through a unified API, enabling a range of services including remittances, merchant and bulk payments, as well as bank-to-wallet transfers. MFS Africa serves various stakeholders, including money transfer operators, banks, and mobile money operators, by offering alternatives for remittances, micro-lending, micro-insurance, and micro-savings. With additional offices in key African cities and London, MFS Africa plays a crucial role in enhancing financial connectivity and promoting financial inclusion across the region.
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
Operator of a global mobility fintech company intended to democratize access to financial services for mobility entrepreneurs. The company uses embedded alternative credit scoring technology in ride-hailing, logistics, mass transit, and instant delivery platforms, using proprietary performance and revenue analytics to underwrite customers that have previously been excluded from financial services, enabling customers to access and use proprietary performance and revenue analytics of mobility entrepreneurs to underwrite loans.
RFH Healthcare is a collection of healthcare solutions. They specialize in a wide array of medical fields. They provide services through pediatrics and child health, c-arm xray, laparoscopic tower, and a ct scan machine. They also provide outpatient services.
MFS Africa Limited is a leading provider of mobile money interoperability in Africa, facilitating seamless money transfers and payments across the continent. Established in 2009 and headquartered in Accra, Ghana, the company connects mobile network operators through a unified API, enabling a range of services including remittances, merchant and bulk payments, as well as bank-to-wallet transfers. MFS Africa serves various stakeholders, including money transfer operators, banks, and mobile money operators, by offering alternatives for remittances, micro-lending, micro-insurance, and micro-savings. With additional offices in key African cities and London, MFS Africa plays a crucial role in enhancing financial connectivity and promoting financial inclusion across the region.
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.
Provider of insurance and risk management services intended to serve individual as well as commercial clients. The company offers a range of general and special risk insurance products including oil and gas, motor, marine, general accident, engineering, industrial all risks, bonds and agriculture among other insurance products, thereby enabling access to profitable and reliable products.
Manufacturer of public lighting equipment based in Cagnes-sur-Mer, France. The company specializes in designing, manufacturing and distributing LEDs, solar lighting and smart lighting products, providing quality and tailor-made products.
Aerobotics (Pty.) Ltd., founded in 2014 and located in Cape Town, South Africa, specializes in developing autonomous unmanned aerial vehicles (UAVs) and data processing solutions for various industries, including agriculture, surveying, gaming, and security. The company utilizes aerial imagery and machine learning algorithms to provide precision agriculture solutions, enabling farmers to optimize crop management through detailed analysis and insights. Aerobotics combines its drone technology with a flight planning application to enhance data collection and processing, thereby supporting clients in making informed decisions based on accurate and timely information.
Le Wagon is a coding bootcamp founded in 2013 and based in Paris, France, that specializes in teaching students how to develop web applications. The bootcamp offers intensive 9-week programs that focus on web development, object-oriented programming, various programming languages, and data science. Its curriculum combines hands-on training with entrepreneurial skills, equipping participants with the necessary tools to launch tech careers, secure jobs as software developers, or create their own start-ups. In addition to coding skills, Le Wagon provides pre-acceleration programs aimed at helping entrepreneurs transform their ideas into prototypes, fostering an environment that nurtures innovation and creativity.
Heetch is a ride-sharing application founded in 2013 in Paris, France, that caters specifically to late-night transportation needs. The platform connects users with drivers, providing a convenient and safer alternative to traditional taxi services. Heetch allows users to enjoy their night out without the stress of finding transportation, making it particularly popular among those seeking rides during late hours. The company has expanded its operations beyond France to include Belgium and Morocco, facilitating thousands of rides daily. With backing from investors such as Cathay Innovation, Total Ventures, and Felix Capital, Heetch focuses on delivering a user-friendly experience with fair mobility and low commission rates for passengers.
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.
Ison Xperiences is a prominent provider of customer engagement and experience management services, operating primarily in Africa, the United Arab Emirates, and India. As the largest independent call center operator in Africa, the company has a presence in ten Anglophone and Francophone countries, employing over 6,000 people, with more than 3,400 based in Africa. Ison Xperiences specializes in outsourced voice and customer relationship management services, catering to diverse sectors including telecom, government, retail, energy, media, entertainment, and aviation. By offering tailored solutions, the company helps clients enhance their customer experience, optimize revenue generation, and improve overall business process management. With a reach that serves approximately 100 million customers, Ison Xperiences plays a critical role in facilitating effective customer interactions for its clients.
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.
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 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.
Buzzkito Network, founded in 2006 and headquartered in Dubai, United Arab Emirates, is a pioneer in the advertising industry in the MENA region, integrating technology with brand development. The company specializes in short content video production and distribution, leveraging data and psychological insights to enhance client satisfaction. In addition to its primary business, Buzzkito also operates coworking spaces that offer flexible work environments, including shared workspaces and private offices, at competitive prices. With additional offices in Casablanca, Morocco, and Jeddah, Saudi Arabia, Buzzkito aims to provide innovative solutions that cater to the diverse needs of businesses in the region.
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.
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.
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.
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.
IP-TECH, founded in 2007 and based in Tunis, Tunisia, specializes in computing and software development. The company offers a service center that supports software publishers, service companies, information system management, and startups in executing complex IT projects. IP-TECH's capabilities extend to providing innovative solutions in the field of compliance, particularly in Anti Money Laundering (AML). Through its technologies, including the Reis™ RCS platform, IP-TECH simplifies AML compliance for financial institutions by offering a comprehensive suite of tools for customer risk assessment, transaction monitoring, and regulatory reporting. This integrated platform enhances operational efficiency and ensures adherence to both local and international regulations, making compliance more manageable for its clients.
MAS
Venture Round in 2016
MAS manufactures and installs window, door, and facade systems made from aluminium.
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.
Silafrica Plastics and Packaging International Limited is a manufacturer and supplier of plastic and packaging solutions based in Nairobi, Kenya. Established in 1963, the company produces a diverse range of products, including containers, rigid consumer packaging, water tanks, beverage crates, and pallets. Silafrica caters to various sectors, such as food and beverage, cosmetics, healthcare, chemicals, and construction. By focusing on innovation in product design and investing in advanced manufacturing technology, Silafrica aims to provide effective plastic solutions that address real-world challenges faced by its customers.
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.
One Tech Group, founded in 1978 and based in Tunis, Tunisia, operates in three primary sectors: cabling, mechatronics, and ICT services. The company manufactures cables for the energy, telecommunications, and automotive industries, while also producing printed circuit boards, electrical and mechanical assemblies, connectors, wiring, and plastic injection components. Recognized as one of Tunisia's largest private groups, One Tech Group leverages its extensive industrial and technological expertise to forge strong strategic partnerships and facilitate technology transfer. The company is actively pursuing expansion opportunities in Morocco and sub-Saharan Africa, anticipating significant growth in the cabling sector for telecommunications infrastructure, as well as in mechatronics and ICT services.
Platinum Power is an independent energy operator dedicated to renewable energy production in Africa, particularly in Morocco and Sub-Saharan regions. The company develops and operates a diverse portfolio of projects utilizing hydroelectricity, wind, and solar power. Platinum Power focuses on delivering energy at various voltage levels, including very high voltage and high voltage, directly to off-takers. This strategic approach positions the company as a key player in the transition to sustainable energy solutions across the continent.
Elephant Group Limited is a prominent player in the agro-commodity sector, based in Lagos, Nigeria, with additional offices in Cameroon, Niger, and Senegal. Established in 1994, the company specializes in the production, processing, import, export, marketing, and distribution of a variety of agricultural products. It is particularly known for its rice, wheat flour, and semolina, as well as fertilizers such as urea and NPK, which are supplied to government entities and private sector clients. Elephant Group is also involved in the processing and trading of cash crops, including cashew nuts, cocoa, and sesame seeds, among others. The company is recognized as one of the leading importers of agro-commodities in Nigeria, holding significant market shares in both the rice and fertilizer segments. Moreover, it engages in oil and gas activities, further diversifying its business portfolio.
Gourmandia is a provider of free on-demand food recipe videos based in McLean, Virginia. The company focuses on promoting healthy and exquisite recipes that cater to various dietary preferences, including vegetarian, vegan, lactose-free, high-fiber, organic, soul food, and low-carb options. In addition to recipe videos, Gourmandia offers content related to restaurant lifestyles, weight management, napkin folding, and global cuisine, featuring renowned chefs. Through its diverse offerings, Gourmandia aims to inspire individuals to explore healthy cooking and enhance their culinary skills.
Bridge Group West Africa
Private Equity Round in 2014
Bridge Group West Africa is a financial holding company.
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.
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.
Servicom S.A. is a Tunisia-based company that specializes in infrastructure-related services and operates in several key sectors, including telecommunications, construction, air conditioning, heating, and elevator distribution. Founded in 2003 and headquartered in Ariana, Tunisia, the company engages in both private and public construction projects, focusing on water management, energy, and environmental construction. In addition to construction services, Servicom provides a range of telecommunications products, including smartphones and tablets for both business and consumer markets. The company also offers heating and air conditioning equipment, along with comprehensive after-sales services. Its elevator division is dedicated to the marketing, installation, and maintenance of various types of lifts, escalators, and freight elevators, ensuring optimal customer support and efficient operation of its products.
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.
NMB Bank Limited is a prominent financial institution in Zimbabwe, offering a wide range of banking products and services to both corporate and individual clients. The bank operates through several segments, including Retail Banking, Corporate Banking, Treasury, International Banking, and Digital Banking. Its offerings encompass current and savings accounts, debit and credit cards, loans, overdrafts, and various payment services, such as bridging finance and letters of credit. Additionally, NMB Bank provides advisory services related to capital raising, corporate restructuring, and investment. The bank also delivers treasury services, which include market analysis, fixed deposits, and foreign exchange operations. With branches in major cities such as Harare, Bulawayo, and Mutare, NMB Bank has been serving the Zimbabwean market since its incorporation in 1992 and is headquartered in Harare. It operates as a subsidiary of NMBZ Holdings Limited.
Amimer Energie Spa, founded in 1989 and based in Seddouk, Algeria, specializes in designing, manufacturing, and installing generating sets for various power supplies. As a leading company in the energy equipment sector, it offers comprehensive services that encompass the entire product lifecycle, from initial needs assessment to implementation of tailored solutions. With a workforce of over 700 employees, Amimer Energie Spa has established a strong presence across Algeria and has expanded its reach into select countries within the MENA region. The company is recognized for its expertise in generating sets and power stations, positioning itself as a key player in the Algerian energy market.
Tejra, established in 2012 in Tunisia, specializes in the production and distribution of terracotta construction materials, particularly bricks. Recognized as a major player in the Tunisian market, Tejra is known for the quality, originality, and innovation of its products. The company benefits from its extensive knowledge of terracotta and the abundant reserves of its quarries, allowing it to enhance its production tools and manufacturing processes. Quality assurance is a fundamental aspect of Tejra's operations, involving rigorous testing and adherence to industry standards at every stage, from clay selection to packaging and delivery. Tejra's product range includes various hollow clay bricks and ceramic products in different sizes, colors, and finishes, catering to diverse construction needs. By prioritizing reliability and certified quality, Tejra has established itself as a trusted supplier in the construction industry.
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.
AHL Impact Fund, managed by AHL Venture Partners, is a venture capital firm focused on making impact investments in Africa. Established in 2007, the firm is based in Vancouver, Canada, with additional offices in Nairobi, Kenya; Accra, Ghana; and Lusaka, Zambia. AHL Impact Fund primarily targets sectors such as food, agriculture, climate, and financial services, aiming to support high-growth businesses that can create significant social and economic benefits. The firm has committed over US $60 million to 35 impact-focused enterprises across 27 African countries since its inception. These investments have generated strong financial returns while also creating employment opportunities for over 11,000 individuals and improving access to essential goods and services for more than 10 million people, particularly those at the lower end of the economic spectrum. AHL Impact Fund's mission is to invest responsibly and foster sustainable development in emerging markets.
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.
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.
Brookhouse is a co-educational day and boarding school located in Nairobi, Kenya, catering to students aged 2 to 19. The institution offers an adapted version of the British National Curriculum and serves both Kenyan and international students. Brookhouse focuses on fostering the intellectual, emotional, physical, and social development of each student, aiming to help them reach their full potential. The school provides educational opportunities across pre-school, primary, and secondary levels, encouraging children to become imaginative and critical thinkers.
Regge Hout B.V. specializes in the production and supply of wood products for civil engineering, road construction, and hydraulic engineering projects. The company offers a diverse range of products, including sleepers, mooring posts, anti-parking bollards, sheet piles, deck parts, foundation piles, wooden poles, planks, beams, and garden wood, among others. These products find applications in various infrastructure projects such as bridges, sound walls, scaffolding, and drainage systems. Established in 2008 and based in Goor, the Netherlands, Regge Hout serves a broad market that spans the Netherlands, Germany, Belgium, the United Kingdom, Denmark, Spain, Italy, and beyond. The company was previously known as Reef Hout B.V. before adopting its current name in October 2012.
LaGray Chemical Company Ltd. specializes in the development, manufacture, and marketing of both active pharmaceutical ingredients and finished dosage forms in West Africa. Founded in 2000 and based in Nsawam, Ghana, the company provides a diverse range of pharmaceutical products, including generic drugs, dermatological treatments, oral anti-infectives, and medications for infectious diseases. Its offerings encompass antibiotics, pain relief medications, vitamin A derivatives, and treatments for conditions such as cold sores, genital herpes, and onychomycosis. By delivering essential medicines at competitive prices, LaGray Chemical aims to enhance access to healthcare in the region.
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).
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.
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.
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.
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.
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.
Icosnet, SpA is an internet service provider and VOIP operator based in Cheraga, Algeria, established in 1999. The company specializes in providing internet access and telecommunications solutions, focusing on voice and data convergence for small to medium-sized enterprises and large multinational corporations operating in Algeria. With a multidisciplinary team, Icosnet has developed strong relationships within the telecommunications sector both domestically and internationally. It holds multiple licenses, including ISP, VoIP, and Wimax, enabling it to serve a diverse clientele effectively. A key aspect of Icosnet's success is its strategic routing of internet connectivity through London since 2009, enhancing the reliability of its network. The company is committed to quality service and customer satisfaction while maintaining a focus on technological innovation and monitoring. Icosnet aims to expand its presence within Algeria while upholding its core values.
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.
Cotugrain S.a.r.l. is a Tunisian company specializing in the production and marketing of various types of seeds, including vegetable, forage, legumes, cereals, industrial, and open pollinated seeds. Established in 1985 and based in Tunis, the company also provides a wide range of agricultural products and services. These include fertilizers, pesticides, no-till and system machinery, as well as other agricultural materials. Furthermore, Cotugrain offers lawn fertilizers, substrates and peat moss, flower seeds and bulbs, along with agro-diagnostics and laboratory equipment, catering to the diverse needs of the agricultural sector in Tunisia.
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.
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.
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.
Siprof is a Moroccan manufacturer specializing in friction products for the automotive industry. With over 30 years of experience, the company produces components suitable for both light and heavy-duty vehicles. Its extensive expertise in this sector has established Siprof as a prominent player in the market, catering to various automotive needs.
Finapack
Venture Round in 2005
Finapack operates as a manufacturer of cardboard packaging.
Nouvelair is a private airline company based in Tunis, Tunisia, that specializes in passenger flight transportation services between Europe and Tunisia, as well as charter flight services. Established in 1989 and formerly known as Air Liberte Tunisie, the company rebranded in 2005. Nouvelair primarily caters to individual travelers and tourism customers, operating an average fleet of 15 aircraft. The airline has recently expanded its operations to Egypt through the acquisition of Coral Blue, a charter airline. Recognized for its high safety and operational standards, Nouvelair also engages in strategic activities such as aircraft assistance, maintenance, and training through dedicated affiliates. The company's services include facilitating travel for tourism, business, education, and family trips, ensuring safety, comfort, and efficiency for its customers.
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.
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