Africinvest

AfricInvest, established in 1994 and headquartered in Tunis, Tunisia, is a prominent private equity investment firm focused on supporting small and medium enterprises across Africa. With dedicated investment teams for both North Africa and Sub-Saharan Africa, AfricInvest employs 66 professionals across seven offices. The firm has invested in 135 companies spanning 25 African countries, targeting high-growth sectors such as financial services, agribusiness, consumer goods, retail, education, and healthcare. AfricInvest is recognized for its strong, long-term relationships with local and international investors, including major development finance institutions. In addition to its investment activities, the firm actively promotes the private equity industry in Africa, having co-founded several key associations, including the African Venture Capital Association and the Middle East North Africa Private Equity Association.

El Jaî CPA, Brahim

Senior Partner

Khaled Ben Jennet

Partner

Khaled Ben Jilani

Senior Partner

Faisal Jiwa

Senior Partner

Khelifa, Hakim

Partner

Khalil Lakhoua

Partner

Oueslati, Skander

Chief Investment Officer

Oueslati, Ziad

Executive Founding Partner

Mohamed Sebti

Partner

Ismail Talbi

Senior Partner

Past deals in Africa

onafriq

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.

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

Oze

Seed Round in 2022
Oze brings African small businesses into the digital era. It is an app that makes it easy for businesses to track sales, expenses, and customer information. The data is analyzed to provide tailored recommendations, reports, and business education. If the entrepreneur needs a little extra support, an Oze Coach is just a click away. As they are using Oze to manage their business and learn how to run it better, we are learning about them. Using this data and machine learning, we can predict their credit risk and provide them with affordable capital from our banking partners. With over 150,000 registered users, Oze is the largest online community of SMEs in West Africa. The most exciting thing is that Oze works; 97% of businesses that have used Oze for at least 9 months are growing or profitable or both!

RFH Healthcare

Debt Financing in 2021
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.

onafriq

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.

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.

Royal Exchange General Insurance Company

Private Equity Round in 2021
Royal Exchange General Insurance Company provides the buying public with general and risk insurance products. Accidental damages, fire, theft, and third-party property damage or physical harm are all covered by their motor insurance. Their engineering insurance protects them from losses to equipment and plants. Onshore and offshore oil assets are protected from physical harm by oil and gas insurance.

PalmPay

Series A in 2021
PalmPay is a leading Africa-focused fintech platform committed to driving economic empowerment across the continent. Through its secure, user-friendly and inclusive suite of financial services, PalmPay brings top-tier products into the pockets of everyday Nigerians.

Aerobotics

Series B in 2020
Aerobotics is a data analytics company, providing tree and fruit insights enabled by drone imagery and artificial intelligence.

Turaco

Seed Round in 2020
Turaco Inc. is an insurance technology company that specializes in providing health and life insurance services to low-income groups. Established in 2018 and based in Wilmington, Delaware, Turaco utilizes mobile technology to offer simplified insurance products and on-demand health loans. This approach addresses the healthcare financing needs of its customers, enabling them to access affordable medical coverage through manageable monthly premiums. By developing user-friendly mobile applications and online platforms, Turaco aims to enhance access to essential insurance services, particularly in emerging markets.

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.

InstaDeep

Series A in 2019
InstaDeep is a creator of a platform for making decisions that will guarantee talent retention and offer training. The company's platform provides a variety of AI programs, such as enhanced pattern recognition, insights accelerated by GPUs, self-learning decision-making systems, machine learning, and predictive analytics to optimize decisions. This enables businesses to increase return on investments by enhancing manufacturing, logistics, mobility, and energy efficiency. InstaDeep was established on October 8, 2015 by Zohra Slim and Karim Beguir in London, England.

Transsnet

Series A in 2019
Transsnet Music offers a range of online services, including music streaming and social media platforms, tailored for African users. The company combines advanced technology with local market insights to deliver products like Boomplay and Vskit, enhancing the digital experience in 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

Venture Round in 2018
Les Centaures Routiers, founded in August 1953 by Jean-Jacques Delsuc, is a family-owned transportation company headquartered in Abidjan, Ivory Coast. With a workforce of over 540 employees, it has established itself as a leading player in the road transportation industry. The company operates a substantial fleet of trucks and specialized equipment, providing a range of services that include trucking, lifting, warehousing, freight forwarding, and bonded warehousing. Les Centaures Routiers specializes in the transportation of various goods such as hydrocarbons, hazardous materials, chemicals, medical equipment, and engineering structures, while also offering logistics solutions like handling and space rentals. This comprehensive service portfolio enables clients to efficiently transport and deliver their goods across different locations.

CFG Bank

Private Equity Round in 2018
CFG Bank is a financial services company that operates primarily in investment banking, focusing on four main business lines: corporate finance, stock market activities, asset management for third parties, and investment capital. The bank emphasizes a strong value system centered on the quality of its workforce, fostering a customer-centric culture, promoting innovation, and demonstrating a commitment to excellence. Through these principles, CFG Bank aims to provide comprehensive financial solutions while maintaining high standards of service and performance.

Promamec

Venture Round in 2018
Promamec is manufactures and distributes medical equipment. Its products include medical and paramedical devices, downstream customized medical equipment, and upstream storable consumables.

Buzzkito

Series A in 2018
Buzzkito Network is disrupting the Avertising Industry by being the first BRAND TECH company in the MENA region. They fuse technology and brand building to make our clients happy. They are a data and psychological driven.

Britam

Post in 2017
Britam Holdings Plc is a diversified financial services group based in Nairobi, Kenya, with operations extending across Eastern and Southern Africa, including countries like Uganda, Tanzania, Rwanda, South Sudan, Malawi, and Mozambique. The company is structured into five main segments: Long Term Insurance, Short Term Insurance, Asset Management, Property, and Corporate and Other. Britam provides a comprehensive array of financial products, including life, health, and general insurance, as well as pension plans, unit-linked products, and investment planning services. It also engages in property development, offering services related to the purchase, sale, and rental of real estate. Additionally, Britam manages discretionary and segregated investment portfolios and unit trust funds, serving both individual and corporate clients through various distribution channels. Founded in 1920, Britam remains a key player in the financial landscape of the region.

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.

Azalaï Hotels

Venture Round in 2017
Azalaï Hotels Group is the first hotel chain in West Africa and a regional leader in the hospitality sector, boasting over 20 years of experience. Headquartered in Mali, the group has established a strong presence with hotels in key cities including Bamako, Ouagadougou, Cotonou, Bissau, Nouakchott, and Abidjan. Azalaï Hotels focuses on enhancing customer satisfaction through continuous improvements in service quality, which includes meticulous renovations of its properties and effective management of its growing portfolio. The chain is recognized for its warm hospitality and high-quality service, which are delivered by a dedicated workforce that generates over 4,000 direct and indirect jobs across the region. Azalaï Hotels offers modern, fully equipped accommodations and a range of luxury services to ensure guest comfort and safety.

Vneuron

Private Equity Round in 2017
Vneuron provides Cloud and On-Premise Technologies for Anti Money Laundering (AML). AML Compliance is Complex. Through our technologies we made it simple and affordable. So far, Reis™ RCS have already screened 10M customers, it monitors and filters $5bn worth of transactions per year, and is used by 10K daily users. Financial Institutions are not only subject to their jurisdiction's regulation, but also to regional and international regulations. Deploying a compliant and effective AML policy usually require FIs to deploy several systems and manage the hassle of integrating them together, in addition to the FI's Information System including legacy ones. Reis™ RCS is the one-stop-shop for AML technologies (https://www.vneuron.com/compliance/). Through its integrated capabilities, Reis™ RCS brings an immediate response to financial institutions aiming to deploy a comprehensive, modern and customizable AML solution. Please find below its major modules, features and capabilities: - Full KYC lifecycle and on-boarding approval automation - PEP/Sanctions Screening with online and batch features with built-in integration to major Compliance content providers - Risk-Based Approach engine and automatic customer risk scoring and classification based on a configurable risk matrix - Real-time payments and remittance transaction screening - AML Transaction monitoring and profiling In addition to these capabilities, Reis™ RCS is provided with an integration workbench which allows it to connect with a widespan of IS generations: Modern and API-based systems to legacy ones (AS400, HP3000, etc.). You can find through this link an excerpt of the system’s API: https://api.appreis.com/

MAS

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

Outsourcia

Venture Round in 2016
Outsourcia SARL, founded in 2003 and based in Evreux, France, specializes in information technology outsourcing (ITO) and business process outsourcing (BPO) services. The company has established itself as a significant player in the customer relationship market, operating both in France and Morocco. In 2011, Outsourcia shifted towards the French market by acquiring the As-com operator and launching its first onshore site in Evreux, which contributed to its ranking among the top 30 outsourcing firms in France. The group also expanded its offerings by creating a Social Media division through the acquisition of Alias Community, focusing on customer relationship management on social networks. Currently, Outsourcia employs nearly 700 people, with around 200 based in France, and serves prominent clients such as Carrefour, Gaz de France, and M6 Boutique. The company has been recognized for its service quality, holding the NF Service "Customer Relationship Center" certification since 2011 and the CGEM Social Responsibility Label in Morocco since 2009.

Silafrica

Venture Round in 2016
Silafrica is a manufacturer and supplier of plastic and packaging solutions for corporates and consumers. Silafrica employs the combination of innovation in plastics product design, investing in manufacturing technology and leveraging operations efficiency to ultimately create plastic and packaging solutions that solve real world problems for customers. Silafrica was founded on 1967 and is headquartered in Nairobi, Kenya.

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.

One Tech Group

Venture Round in 2016
One Tech Group is operating in three main areas with a common base of technological content: cabling cable manufacturing for the sectors of energy, telecom, and automotive, mechatronics manufacturing of printed circuit board PCB, electrical and mechanical assembly, connectors and wiring, plastic injection, and ICT services distribution and implementation of ICT services.

Salvador Caetano Auto Africa

Private Equity Round in 2015
Salvador Caetano Auto Africa is in the automotive industry. They are retailers and manufacturers of automobiles and their components. They offer mobility, industrial equipment and workshops, automotive assembly and production, services, buses caetanobus, and aeronautics caetano aeronautic.

Platinum Power

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

Elephant Group

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.

Gourmandia

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

Bridge Group West Africa

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

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.

Broron Oil & Gas

Venture Round in 2014
Broron Oil & Gas Limited is an indigenous offshore services company based in Lagos, Nigeria, specializing in subsea services for the oil and gas industry. Established in 2002 and commencing operations in 2007, the company provides a range of support services to international oil companies, as well as independent and indigenous upstream firms in Nigeria and the Gulf of Guinea. Its offerings include subsea construction and commissioning, engineering, project management, logistics, and procurement support. Additionally, Broron Oil & Gas delivers diving services, remotely operated vehicle (ROV) services, oil well hookups, tie-backs, subsea installations, and pipeline services. The company aims to provide cost-effective solutions that address the current challenges faced by its clients in the oil and gas sector.

Maille Club

Venture Round in 2013
Maille Club, founded in 1976, specializes in the manufacturing of knit clothing and textiles, primarily serving customers in Tunisia and Algeria. The company is engaged in the design, embroidery, cutting, and tailoring of garments, offering a diverse range of products that cater to both mass market and luxury brands. Maille Club operates a network of mono and multi-brand retail shops, ensuring the effective distribution of its industrial textiles and apparel.

Servicom

Private Equity Round in 2013
Servicom is a Tunisia-based Group that specializes in infrastructure services working in four main fields: telecommunications, construction, air-conditioning and heating, and elevators distribution.

San José López

Private Equity Round in 2013
Grupo San José López is a Spanish logistics company headquartered in San Sebastián, specializing in road freight transport for over 60 years. Formed in 2002 from the merger of two established international road carriers, the organization benefits from the experience of its founders, who represent three prominent Spanish families. The company has a significant presence in Morocco, where it has operated since the 1980s, gaining a strong reputation for reliability among local clients, multinational companies, and authorities. Grupo San José López focuses on international road freight transportation, particularly in the automotive sector, serving major global clients. Its services encompass a comprehensive range of logistics solutions, including small parcel shipping, less-than-truckload and full truckload freight brokerage, as well as air freight services, aimed at assisting small and medium-sized businesses with their logistical needs. The company is dedicated to creating and managing efficient point-to-point transportation routes for its clients, thereby enhancing their supply chain operations.

NMB Bank

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.

Amimer Energie

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.

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.

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.

AHL Venture Partners

Venture Round in 2012
AHL Venture Partners puts entrepreneurs first. They make decisions quickly, invest to participate in subsequent funding rounds, provide ongoing business support, and have accessible teams based on the ground with a deep understanding of the local business environment.

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.

AfricInvest

Venture Round in 2011
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.

Family Bank

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.

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.

General Emballage

Venture Round in 2009
General Emballage is a prominent supplier and manufacturer of corrugated cardboard in Algeria, having established its operations in 2002. The company produces a variety of packaging solutions, including double-layered and double-double layered cardboard, catering to diverse industries. Its product range includes containers for dairy, food, fruits, and vegetables, as well as standard boxes and corrugated paper sheets used in food processing, pharmaceuticals, cosmetics, household appliances, and electronics. With a workforce of approximately 1,000 employees, General Emballage operates three production facilities located in Akbou, Setif, and Oran, contributing significantly to its growth in the packaging sector.

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.

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.

Sicopa

Acquisition in 2008
Sicopa, established in 1985 and located in Fez, Morocco, specializes in the production of a variety of packaged food products, including olives, sun-dried tomatoes, capers, cherry peppers, and roasted vegetables. The company is known for its adherence to high food safety and quality standards, being certified by both International Food Standards and the British Retail Consortium. This commitment to quality has enabled Sicopa to gain approval from prominent American food companies, including Subway, which is a testament to its reliability in the food production sector. With a diverse product range, Sicopa effectively controls a significant distribution market for Moroccan packaged foods.

Omniacom

Venture Round in 2008
Omniacom SA is a telecommunications company based in Ariana, Tunisia, that offers a range of solutions and services to operators and service providers across Africa and the Middle East. Founded in 1999, Omniacom specializes in mobile gateways, modems, mobile routers, and wireless access networks, including microwave, hotspot WiFi, and LAN access points. The company also provides essential infrastructure, civil engineering, and facilities for site installation and integration, as well as radio network optimization and maintenance services. Recently, Omniacom has diversified its offerings by expanding into IT, web services, and multimedia, supported by a team of experienced engineers. This strategic move aims to enhance its service portfolio and better address the evolving needs of its clients.

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

Venture Round in 2007
Created in 1999, icosnet ® is positioning itself as an operator of Internet access and telecommunications solutions and is today in the market of voice and data convergence for SMEs and large multinational accounts installed in Algeria. With our multidisciplinary team, icosnet has been able to capitalize on an important experience and establish a strong relationship with the various players in the telecommunications sector in Algeria and abroad. Icosnet® is distinguished by its technical and qualitative approach. The company has thus demonstrated its know-how and its mastery, particularly with multi-site companies. In the Algerian market, icosnet ® is a full-fledged operator (ISP, VoIP and Wimax licenses). This positioning allows us to reach a large clientele, to convince customers of significant size and to be able to offer economically more advantageous and more successful connection and communication solutions. There are many reasons for our success; They are primarily human, combining the experience and involvement of our employees and the strong expertise of our partners, they are also strategic since from 2009 all our internet connectivity is routed from London, which has largely Contributed to the reliability of the icosnet® network. Today, several Algerian companies and major international groups based in Algeria have trusted us. Icosnet ® intends to extend its presence in the national territory. Beyond its new growth ambitions, icosnet ® does not lose sight of its values: quality of service, customer satisfaction, anticipation, technological monitoring, and innovation are all objectives that remain and will remain a priority.

Cotugrain

Venture Round in 2007
Cotugrain 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.

Altea Packaging

Venture Round in 2007
Altea Packaging Group is a prominent flexible packaging converter operating in the MENA region, particularly in the Maghreb area. Founded in 2006 and based in Tunis, Tunisia, the company specializes in the processing, converting, and printing of a wide array of flexible packaging products. Its offerings include lids, films, bags, labels, and specialized films, catering to various sectors such as dairy, confectionery, hygiene, and beverages. With nearly 700 employees and five production facilities across Egypt, Tunisia, and Algeria, Altea Packaging serves multinational companies and local businesses, providing customized packaging solutions tailored to their specific needs. The company's expertise and commitment to quality have established it as a reliable supplier in the industry.

Traveltodo

Venture Round in 2006
Traveltodo is an online travel agency based in Tunisia, dedicated to meeting the travel needs of Tunisians. Operating through its website, Traveltodo provides a comprehensive selection of offerings from approximately 800 local tourism providers, including hotels, restaurants, car rental services, and thalassotherapy centers. In addition to local options, the platform also facilitates bookings for destinations in Morocco and beyond. The agency features an e-commerce platform that enables automated management of business trip budgets and real-time budget calculations, allowing users to book and pay for flights and other travel services directly online. As a public brand of Splendid Tour, a licensed Tunisian travel agency, Traveltodo is approved by the National Tourist Board, ensuring compliance with local regulations and standards in the tourism sector.

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.

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.

Siprof

Venture Round in 2005
Siprof is a manufacturer based in Morocco that specializes in friction products for the automotive industry. With over 30 years of experience, the company produces a range of components for both light and heavy-duty vehicles, including disc brake pads, heavy-duty drum brake pads, drum brake linings, and jaw kits. Siprof has established itself as a key player in the automotive sector, providing essential products that contribute to vehicle safety and performance.

Finapack

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

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.

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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