Africinvest

AfricInvest, founded in 1994 and based in Tunis, Tunisia, is a leading private equity investment firm within the Integra Group. With a focus on small and medium enterprises across Africa, it manages USD 1 billion across 16 funds and employs 66 professionals in seven offices. The firm specializes in high-growth sectors such as financial services, agribusiness, consumer/retail, education, and healthcare, having invested in 135 companies across 25 African countries. AfricInvest benefits from strong support from local and international investors, including prominent development finance institutions. As a co-founder of the African Venture Capital Association and other regional organizations, the firm actively promotes the growth of the private equity industry in Africa. Its extensive network of executives and expertise positions AfricInvest as a significant player in fostering economic development on the continent.

Omar Bekkali

Partner

Farid Benlafdil

Partner

Cherif Bouattour

Partner

Anis Fathallah

Senior Partner of Investor Relations

Hichem Ghanmi

Senior Partner & Managing Director, Western African countries operations

Mehdi Gharbi

Senior Partner and CIO, Algeria and Libya

Karim Ghedamsi

Senior Partner

Samia Ghorbel

Partner

Brahim El Jaî

Senior Partner

Khaled Ben Jennet

Partner and Managing Director of AfricInvest Europe

Khaled Ben Jilani

Senior Partner

Faisal Jiwa

Senior Partner

Anis Kallel

Senior Partner

Hakim Khelifa

Partner

Aziz Mebarek

Founding Partner

George Odo

Senior Partner & Managing Director, East Africa

Abiola Ojo-Osagie

Senior Partner and Managing Director

Skander Oueslati

Chief Investment Officer & Deputy Managing Director

Ziad Oueslati

Co-Founder & Partner

Yazid Taalba

Senior Partner and Managing Director

Julius Tichelaar

Partner, East & Southern Africa

Karim Trad

Co-Founder, Partner & Executive Director

Ann Wyman

Senior Manager and Head of Economics and Investor Engagement

El Idrissi, Mokhlis

Director and Head of Moroccan Funds

Past deals in North Africa

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

Heetch

Series B in 2019
Heetch is a ridesharing application founded in 2013 and headquartered in Paris, France. It specifically caters to late-night transportation needs, providing an alternative to traditional taxi services. The app allows users to connect with drivers while also offering a unique feature that enables users to listen to music during their rides. Heetch has expanded its operations beyond France, currently serving users in Belgium and Morocco, and facilitates thousands of daily rides. The company has received backing from investors including Cathay Innovation, Total Ventures, and Felix Capital.

InstaDeep

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.

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.

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.

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.

IP-TECH

Private Equity Round in 2017
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

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.

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.

Platinum Power

Private Equity Round in 2015
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.

Gourmandia

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

Maille Club

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

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.

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.

Amimer Energie Spa

Venture Round in 2013
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

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.

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.

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).

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 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.

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.

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.

Cotugrain

Venture Round in 2007
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

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.

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.

Siprof

Venture Round in 2005
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

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.