Africinvest

AfricInvest, established in 1994, is a Tunisia-based private equity firm and part of the Integra Group. With a team of 66 professionals across seven African offices, AfricInvest manages USD1 billion across 16 funds, supported by both local and international investors. The firm focuses on investing in high-growth sectors such as financial services, agribusiness, consumer/retail, education, and healthcare, across North Africa and Sub-Saharan Africa. Since its inception, AfricInvest has invested in 135 companies across 25 African countries, promoting the private equity industry through its involvement in associations like AVCA and MENAPEA.

Cherif Bouattour

CFO

Anis Fathallah

Senior Partner

Karim Ghedamsi

Senior Partner

Samia Ghorbel

Partner

Brahim El Jaî

Senior Partner

Khaled Ben Jennet

Partner

Faisal Jiwa

Senior Partner

Anis Kallel

Senior Partner

Hakim Khelifa

Partner

Khalil Lakhoua

Partner

George Odo

Senior Partner and Managing Director, East Africa

Skander Oueslati

Chief Investment Officer

Ziad Oueslati

Executive Founding Partner

Mohamed Sebti

Partner

Yazid Taalba

Senior Partner and Managing Directorr

Ismail Talbi

Senior Partner

Karim Trad

Co-Founder, Partner and Executive Director

92 past transactions

PayTic

Seed Round in 2025
PayTic specializes in providing back-office solutions for payment issuers, enabling them to effectively manage their card programs. The company offers a SaaS platform that automates and centralizes program management processes, addressing various operational aspects such as customer support, chargebacks, fraud prevention, anti-money laundering compliance, reporting, and reconciliation. By streamlining these functions, PayTic enhances the efficiency and effectiveness of banks, credit unions, and fintech companies in handling their payment operations. The proprietary solutions significantly reduce operational costs and improve proactivity, thereby mitigating risks and delivering substantial value to its clients. PayTic's approach aims to transform payment management by introducing the Zero Ops model, which minimizes manual processes and provides a competitive edge in the industry.

Oze

Venture Round in 2025
Oze is a digital platform designed to support small and medium-sized enterprises (SMEs) in Africa by providing tools for managing sales, expenses, and customer data. The app enables entrepreneurs to track their financial activities efficiently and offers tailored recommendations, reports, and business education to enhance their operations. Oze also provides access to coaching for users seeking additional guidance. By leveraging data and machine learning, Oze can assess credit risk and facilitate affordable financing options through banking partners. With a user base exceeding 150,000, Oze has established itself as the largest online community of SMEs in West Africa, demonstrating significant impact as 97% of businesses using Oze for over nine months have reported growth or profitability.

Lapaire

Venture Round in 2024
Lapaire Glasses Kenya Ltd. is a manufacturer and seller of eyeglasses, including prescription glasses and sunglasses, founded in 2018 and headquartered in Nairobi, Kenya. The company aims to improve access to affordable eyewear for the lower and middle-income populations in Africa, specifically targeting the 550 million people who need eyeglasses but face barriers to obtaining them. Lapaire offers free vision tests through mobile clinics and an online platform, along with 24/7 chat support, free delivery, and flexible payment options. Its services extend to customers in several African countries, including Uganda, Ivory Coast, Burkina Faso, and Mali. By leveraging innovative technology, Lapaire is committed to enhancing eye health and vision for its clients.

I&M Bank Rwanda

Private Equity Round in 2024
I&M Bank Rwanda is a commercial bank that offers loans, insurance, and trade finance services.

I&M Bank

Post in 2024
I&M Bank (T) Ltd. is a commercial bank based in Dar es Salaam, Tanzania, providing a range of banking services to both individuals and businesses. Established in 1974, the institution was originally known as CF Union Bank Limited before rebranding in September 2010. As a wholly owned subsidiary of I&M Holdings Limited, I&M Bank (T) Ltd. has developed a network of branches across Tanzania to serve its customers effectively. The bank focuses on delivering financial solutions tailored to the needs of its diverse clientele, contributing to the region's economic development.

Moove

Series B in 2024
Moove is a mobility fintech company focused on providing revenue-based vehicle financing to mobility entrepreneurs across Africa. By leveraging embedded alternative credit-scoring technology, Moove integrates its services within ride-hailing, logistics, and last-mile delivery platforms. This innovative approach allows the company to assess the performance and revenue of mobility entrepreneurs, enabling it to underwrite loans for individuals who have been historically excluded from traditional financial services. Through its unique model, Moove aims to democratize vehicle ownership and enhance access to financial resources for a growing number of mobility operators in the region.

Africa Healthcare Network

Debt Financing in 2023
Africa Healthcare Network (AHN) has pioneered the first dialysis chain in Sub-Saharan Africa, aimed at delivering affordable, high-quality dialysis services for patients suffering from Acute Kidney Injury and End-Stage Renal Disease. In a region where existing facilities are limited and often charge exorbitant fees, AHN addresses the critical shortage of accessible dialysis care. The organization leverages its technical expertise and practical experience to establish well-equipped centers, while also focusing on training healthcare professionals to enhance service delivery. As Chronic Kidney Disease and related health issues rise due to urbanization and lifestyle changes, AHN's model prioritizes operational efficiency and cost-effective sourcing of medical supplies, thereby reducing treatment costs for patients. Operating in Rwanda, Tanzania, and Kenya, AHN is committed to increasing access to life-saving dialysis care, ultimately improving patient outcomes while ensuring financial sustainability.

Africa Healthcare Network

Venture Round in 2023
Africa Healthcare Network (AHN) has pioneered the first dialysis chain in Sub-Saharan Africa, aimed at delivering affordable, high-quality dialysis services for patients suffering from Acute Kidney Injury and End-Stage Renal Disease. In a region where existing facilities are limited and often charge exorbitant fees, AHN addresses the critical shortage of accessible dialysis care. The organization leverages its technical expertise and practical experience to establish well-equipped centers, while also focusing on training healthcare professionals to enhance service delivery. As Chronic Kidney Disease and related health issues rise due to urbanization and lifestyle changes, AHN's model prioritizes operational efficiency and cost-effective sourcing of medical supplies, thereby reducing treatment costs for patients. Operating in Rwanda, Tanzania, and Kenya, AHN is committed to increasing access to life-saving dialysis care, ultimately improving patient outcomes while ensuring financial sustainability.

Mara Ison Technologies

Private Equity Round in 2023
Mara Ison Technologies is a pan-African IT services company headquartered in Nairobi, Kenya, with operations in 23 African countries, Dubai, and India. The company specializes in providing end-to-end IT services and solutions across various sectors, including telecommunications, banking, financial services, government, oil and gas, and hospitality. Its core offerings encompass consulting and systems integration, managed services, and strategic outsourcing. By leveraging its deep domain expertise and established methodologies, Mara Ison Technologies delivers comprehensive support to blue-chip companies, ensuring efficient IT service management and infrastructure solutions. With regional hubs in Nigeria, the Democratic Republic of Congo, and Kenya, the company is well-positioned to meet the diverse needs of its clients across the continent.

Fidelity Bank Ghana

Private Equity Round in 2022
Fidelity Bank Ghana Limited is a commercial bank based in Accra, Ghana, established in 2006. It offers a range of banking products and services, including current and savings accounts, time deposits, internet banking, SMS banking, and money transfer services. The bank caters to various clients through executive and private banking, corporate finance, retail banking, mortgage, trade, wholesale banking, and treasury services. Additionally, Fidelity Bank Ghana supports government objectives in electrification and power generation by financing independent power providers and facilitates importation of refined crude oil. It also provides advisory services, issues securities, raises capital, and manages portfolio investments for clients through its subsidiaries. The bank is committed to meeting the financial needs of low-income customers, small-scale entrepreneurs, and rural communities.

Turaco

Series A in 2022
Turaco, established in 2018, is an insurance technology company headquartered in Wilmington, Delaware, with operations in Nairobi, Kenya. It specializes in providing affordable health and life insurance, along with healthcare financing solutions, to low-income individuals. Turaco offers these services through a user-friendly mobile application and online platform, simplifying access to insurance products and health loans. Their unique approach enables customers to manage risks and obtain healthcare at affordable, manageable premiums.

ArabyAds

Series B in 2022
ArabyAds is a performance marketing company founded in 2013 and based in Dubai, United Arab Emirates, with an additional office in Cairo, Egypt. The firm specializes in enhancing e-commerce marketing through a diverse range of services, including influencer marketing, affiliate marketing, lead generation, sales promotion, customer acquisition, and market testing. ArabyAds aims to empower merchants by improving their return on investment, boosting sales, and enhancing brand visibility through its comprehensive marketing platforms. With a focus on online marketing strategies, the company is dedicated to helping its clients navigate the evolving digital landscape.

Bizao

Series A in 2022
Bizao is a financial platform designed to enhance digital payment capabilities across Africa. By providing powerful APIs and smart financial flows, it enables businesses to accept a variety of local payment methods, including mobile money, credit cards, and airtime payments. This service caters to a diverse range of clients, such as local retailers, online merchants, international digital content providers, money transfer operators, and microfinance institutions. Bizao's objective is to accelerate the adoption of mobile payments, thereby supporting economic development throughout the continent. The platform streamlines online payments and centralizes financial flows between businesses and local mobile operators, allowing for efficient management of payment cycles and enhancing the overall financial landscape in the region.

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 operates an educational platform that focuses on teaching digital skills and connecting students with technology opportunities globally. Founded in 2017 and headquartered in Tunis, Tunisia, with additional locations in Algeria, France, and Morocco, the company offers programs in various fields, including artificial intelligence, web development, deep learning, DevOps, UX design, and digital marketing. GoMyCode employs a blended learning approach that combines online and offline instruction, enhancing the learning experience through data-driven assessments and matching. By providing comprehensive training in data, development, design, and digital marketing, GoMyCode aims to prepare students for the future job market and empower them with the necessary skills to thrive in a rapidly evolving digital landscape.

Amerigo Group

Private Equity Round in 2022
Amerigo Group specializes in facilitating international trade of automotive parts. It caters to manufacturers, distributors, and repairers globally, offering a comprehensive suite of services that includes global trade facilitation, logistics, digital platforms, and a extensive network of suppliers. This enables clients to source and trade automotive parts reliably and efficiently.

Moove

Debt Financing in 2022
Moove is a mobility fintech company focused on providing revenue-based vehicle financing to mobility entrepreneurs across Africa. By leveraging embedded alternative credit-scoring technology, Moove integrates its services within ride-hailing, logistics, and last-mile delivery platforms. This innovative approach allows the company to assess the performance and revenue of mobility entrepreneurs, enabling it to underwrite loans for individuals who have been historically excluded from traditional financial services. Through its unique model, Moove aims to democratize vehicle ownership and enhance access to financial resources for a growing number of mobility operators in the region.

Moove

Series A in 2022
Moove is a mobility fintech company focused on providing revenue-based vehicle financing to mobility entrepreneurs across Africa. By leveraging embedded alternative credit-scoring technology, Moove integrates its services within ride-hailing, logistics, and last-mile delivery platforms. This innovative approach allows the company to assess the performance and revenue of mobility entrepreneurs, enabling it to underwrite loans for individuals who have been historically excluded from traditional financial services. Through its unique model, Moove aims to democratize vehicle ownership and enhance access to financial resources for a growing number of mobility operators in the region.

Oze

Seed Round in 2022
Oze is a digital platform designed to support small and medium-sized enterprises (SMEs) in Africa by providing tools for managing sales, expenses, and customer data. The app enables entrepreneurs to track their financial activities efficiently and offers tailored recommendations, reports, and business education to enhance their operations. Oze also provides access to coaching for users seeking additional guidance. By leveraging data and machine learning, Oze can assess credit risk and facilitate affordable financing options through banking partners. With a user base exceeding 150,000, Oze has established itself as the largest online community of SMEs in West Africa, demonstrating significant impact as 97% of businesses using Oze for over nine months have reported growth or profitability.

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.

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.

Groupe ISGA

Acquisition in 2021
Groupe ISGA is a private higher education group that offers engineering and management courses.

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 offers a variety of general and risk insurance products aimed at both individual and commercial clients. Their services include motor insurance, which covers accidental damages, fire, theft, and third-party property damage or physical harm. Additionally, the company provides engineering insurance to protect against losses related to equipment and plants. They also specialize in oil and gas insurance, safeguarding onshore and offshore assets from physical harm. Other offerings include marine insurance, general accident coverage, industrial all risks, bonds, and agricultural insurance, ensuring comprehensive protection across multiple sectors.

PalmPay

Series A in 2021
PalmPay is a prominent fintech platform focused on enhancing economic empowerment in Africa, particularly in Nigeria. The company offers a mobile payment application that provides users with a range of reliable and affordable financial tools. Through its user-friendly and secure interface, individuals can earn rewards, make payments, purchase airtime, transfer funds, and request money. PalmPay aims to simplify financial transactions, making them quick and hassle-free for everyday users.

Ragni

Venture Round in 2021
Ragni Group is a French company based in Cagnes-sur-Mer that specializes in the design and manufacturing of public lighting solutions. The company focuses on developing a range of products, including LED fixtures, solar lighting, and smart lighting systems. Ragni is committed to providing high-quality, customized lighting solutions that meet the specific needs of urban environments and public spaces. Through its innovative approach, the company aims to enhance public safety and aesthetics while promoting sustainability in lighting design.

Aerobotics

Series B in 2020
Aerobotics is a data analytics company that specializes in providing insights into tree and fruit health through the use of drone imagery and artificial intelligence. The company has developed aerial imagery technology that combines satellite and drone data with machine learning algorithms. This technology assists farmers in various aspects of orchard management, including the identification of problematic trees, pest and disease management, and yield optimization. By enabling farmers to efficiently scan their fields and analyze the information captured, Aerobotics helps reduce costs and enhance agricultural productivity.

Turaco

Seed Round in 2020
Turaco, established in 2018, is an insurance technology company headquartered in Wilmington, Delaware, with operations in Nairobi, Kenya. It specializes in providing affordable health and life insurance, along with healthcare financing solutions, to low-income individuals. Turaco offers these services through a user-friendly mobile application and online platform, simplifying access to insurance products and health loans. Their unique approach enables customers to manage risks and obtain healthcare at affordable, manageable premiums.

Le Wagon

Series A in 2020
Le Wagon SAS is a coding bootcamp founded in 2013 and headquartered in Paris, France. The company provides intensive training programs designed to teach students how to develop web applications from scratch. Its curriculum covers essential skills in web development, object-oriented programming, programming languages, and data science. Le Wagon aims to equip students with the technical expertise and entrepreneurial mindset necessary for launching careers as software developers or starting their own ventures. Through hands-on training and pre-acceleration programs, the bootcamp empowers aspiring entrepreneurs to transform their ideas into viable prototypes, fostering innovation in the tech industry.

Land'or

Private Equity Round in 2020
Land'Or is an agrifood company specializing in the production of a diverse range of cheese products. Operating within the dairy sector, Land'Or supplies cheese to both the retail and foodservice markets, catering to professionals, restaurants, and hotels. The company's product offerings include triangular portions, square cuts, and grated cheese, designed to meet the needs of various culinary applications. Through its commitment to shared initiatives and goals, Land'Or aims to deliver high-quality cheese products that serve a wide array of customers in the food industry.

Migo

Series B in 2019
Migo is an embedded lending software that specializes in microfinance, credit, and loan services.

Heetch

Series B in 2019
Heetch is a ride-sharing company based in Paris, France, founded in 2013. It operates a mobile application that connects users with drivers for late-night transportation, providing an alternative to traditional taxis. The platform also offers music streaming for users during their rides. Heetch has expanded its services to Belgium and Morocco, facilitating thousands of daily rides. The company is backed by several investors, including Cathay Innovation, Total Ventures, and Felix Capital.

InstaDeep

Series A in 2019
InstaDeep Ltd is a company that specializes in developing artificial intelligence-based decision-making systems for the enterprise sector. Founded in 2014 and headquartered in London, the company also has offices in Paris, Tunis, Nairobi, and Lagos. InstaDeep's platform is designed to enhance talent retention and training while providing a range of AI programs. These include optimized pattern recognition, GPU-accelerated insights, self-learning systems, machine learning, and predictive analytics. By utilizing these technologies, InstaDeep enables businesses to improve efficiencies in manufacturing, logistics, mobility, and energy, ultimately leading to increased return on investments.

Transsnet

Series A in 2019
Transsnet Music Entertainment Group, based in Beijing, China, focuses on manufacturing smart devices and offering mobile value-added services tailored for the African market. The company develops several online platforms, including Boomplay, a music and video streaming service, and Vskit, a short video application. Additionally, Transsnet provides PalmPay, an online payment system, Palmsave, an internet investment financial platform, and Palmstore, a mobile application distribution platform. By combining advanced technology with insights into local market needs, Transsnet enhances the digital experience for users across Africa.

Mathevon

Private Equity Round in 2019
Mathevon S.A., established in 1994, is a French manufacturer specializing in high-pressure sealing parts, gate valve internals, and connectors for the oil and gas industry. It operates globally through an extensive network of partners, with additional facilities in Portugal, Tunisia, and Malaysia. The company's products are designed to withstand extreme and corrosive environments, providing preventive treatment for mechanical parts in the industry.

Prime Bank

Private Equity Round in 2019
Prime Bank Limited is a financial institution based in Nairobi, Kenya, established in 1992. The bank offers a range of banking products and services, including traditional banking and online banking solutions. Its focus is on delivering comprehensive financial services to meet the diverse needs of its customers.

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.

Ison Xperiences

Debt Financing in 2018
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.

Marietton Development

Private Equity Round in 2018
Marietton Development specializes in travel and tourism services such as tour operators, events and business trips.

KaiOS Technologies

Series A in 2018
KaiOS Technologies, Inc., founded in 2014 and based in San Diego, California, specializes in designing and developing mobile operating systems tailored for affordable digital devices. Its flagship product, KaiOS, powers a range of lite phones and Internet of Things (IoT) devices, providing users with a rich experience despite limited memory requirements. The operating system supports essential features such as 4G/LTE, Wi-Fi, GPS, and NFC, and is optimized for non-touch phones, making it accessible to a wide audience in both developed and emerging markets. KaiOS includes an app store based on HTML5, allowing users to access popular applications from partners like Facebook, Google, YouTube, and Twitter. The system is designed to operate efficiently with minimal resources, functioning on devices with as little as 256 MB of RAM. With additional offices in Hong Kong, Taiwan, China, India, France, and Brazil, KaiOS Technologies is committed to fostering a global ecosystem of affordable digital products and services.

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 is a manufacturer and distributor of medical equipment based in Casablanca, Morocco. Founded in 1981, the company specializes in providing a range of medical and paramedical devices, including customized medical equipment tailored to specific needs and storable consumables. Promamec serves both the public and private medical sectors, offering prototypes and assembling equipment in small to medium series, which allows customers to receive products that meet their specific requirements.

Buzzkito

Series A in 2018
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 Holdings

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) is a private co-educational institution that began in January 2000 with just seven students and has since grown to over 1,000 students from Pre-school through High School. The school is known for its rich cultural diversity, representing more than 30 nationalities within its student body. ICS-K emphasizes an inclusive and holistic approach to education that aligns with international standards. The school's 20-acre campus features spacious classrooms, well-stocked libraries, art rooms, computer labs, and comfortable boarding houses, creating an ideal environment for academic learning. Through its resources and facilities, ICS-K aims to foster inquiry, creativity, and well-rounded development in its learners.

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 is a software development company based in Tunis, Tunisia, founded in 2007. The company specializes in creating software solutions for various needs, including enterprise content management, operational risk management, and enterprise resource planning. Vneuron is particularly known for its Reis™ RCS platform, which offers comprehensive anti-money laundering (AML) technologies. This platform simplifies compliance with complex regulatory requirements for financial institutions by providing features such as customer due diligence, transaction monitoring, and risk classification. Reis™ RCS is designed to integrate seamlessly with both modern and legacy information systems, enabling efficient deployment of AML policies. The software has already screened over 10 million customers and processes transactions worth $5 billion annually, serving around 10,000 daily users. Through its innovative solutions, Vneuron aims to streamline compliance processes and enhance operational efficiency in the financial sector.

Somalev

Venture Round in 2017
Somalev is a transportation company specializing in cranes and logistics services, catering to a diverse client base. It offers a variety of heavy lifting and handling equipment, as well as construction machinery for rent. In addition to equipment rental, Somalev provides industrial transfer, logistics, and storage solutions, allowing clients to access specialized machines tailored to their specific project requirements.

MAS

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

Groupe Outsourcia

Venture Round in 2016
Groupe Outsourcia, established in 2003, is a leading provider of information technology outsourcing (ITO) and business process outsourcing (BPO) services, with a strong presence in France and Morocco. The company specializes in high-value-added services, including customer relationship management, digital services, and back-office outsourcing. With nearly 700 employees, Groupe Outsourcia serves prominent clients such as Aquarelle, Carrefour, and PSA, offering multilingual and multichannel services. The company is certified NF Service "Customer Relationship Center" and has been recognized for its social responsibility practices in Morocco.

Silafrica

Venture Round in 2016
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.

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, established in 1978 and headquartered in Tunis, Tunisia, specializes in the manufacturing of printed circuits, electrical and mechanical assemblies, connectors, wiring, and plastic injection. The company operates primarily in three sectors: cabling for energy, telecommunications, and automotive industries; mechatronics, which includes the production of printed circuit boards and related assemblies; and the distribution and implementation of ICT services. With a strong focus on technological innovation, One Tech Group serves a diverse range of clients by providing high-quality manufacturing solutions and 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 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

Private Equity Round in 2015
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

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

EFC Uganda

Venture Round in 2015
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focusing on providing specialized loans to support the growth of local wealth. The organization offers microloans at competitive interest rates to micro and small-size entrepreneurs (MSEs), facilitating increased economic activity. In addition to loans, EFC Uganda provides various savings account options, including regular, premium, and term deposit accounts, enabling clients to create value and enhance their financial stability. Through its services, EFC Uganda aims to empower entrepreneurs and contribute to the overall economic development of the region.

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 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.

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 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

Venture Round in 2013
Amimer Energie Spa, established in 1989 and headquartered in Seddouk, Algeria, specializes in designing, manufacturing, and installing generating sets for diverse power supply needs. With over 700 employees, the company offers comprehensive services, from initial customer needs assessment to implementing solutions that meet requirements and comply with current standards. Amimer Energie's products are widely used across Algeria and in select MENA countries, making it a leading provider of generating sets and power stations in Algeria. The company adheres to strict environmental policies and offers turnkey power plants and micro/mini power stations using natural gas and fuel, enabling customers to optimize value creation at competitive prices through rigorous cost control.

Tejra

Venture Round in 2012
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

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, established in 2007, is a Vancouver-based venture capital firm with offices in Nairobi, Lusaka, and Accra. It specializes in providing growth capital to companies operating in energy access, financial inclusion, agriculture, and climate sectors, primarily in Eastern and Southern Africa. The firm is known for its entrepreneur-centric approach, making swift investment decisions, participating in follow-on funding rounds, and offering ongoing business support through locally based teams with deep market insights.

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, established in 1994, is a Tunisia-based private equity firm and part of the Integra Group. With a team of 66 professionals across seven African offices, AfricInvest manages USD1 billion across 16 funds, supported by both local and international investors. The firm focuses on investing in high-growth sectors such as financial services, agribusiness, consumer/retail, education, and healthcare, across North Africa and Sub-Saharan Africa. Since its inception, AfricInvest has invested in 135 companies across 25 African countries, promoting the private equity industry through its involvement in associations like AVCA and MENAPEA.

Family Bank

Private Equity Round in 2010
Family Bank is a commercial bank based in Kenya, operating since May 2007 and regulated by the Central Bank of Kenya. With a growing customer base exceeding 1.7 million, it has established a network of 93 branches across the country. The bank primarily focuses on providing financial services to underserved segments of the market, including small-scale farmers, salaried employees, micro, small, and medium-sized enterprises, as well as youth and women. Additionally, it serves larger corporate clients to enhance its deposit base. Family Bank is noted for being the first in Kenya to implement paperless banking through smart card technology, reflecting its commitment to innovation in financial services.

Regge Hout

Private Equity Round in 2009
Regge Hout B.V. is a company based in Goor, the Netherlands, specializing in the production and supply of wood products for civil engineering, road construction, and hydraulic engineering projects. Established in 2008 and formerly known as Reef Hout B.V., the company offers a diverse range of products including sleepers, mooring posts, anti-parking bollards, sheet piles, deck parts, foundation piles, wooden poles, and garden wood, among others. These products are utilized in various applications such as bridges, sound walls, scaffolding, and sewer works. Regge Hout serves a broad market, distributing its sustainable hardwoods not only across the Netherlands but also in Germany, Belgium, the United Kingdom, Denmark, Spain, and Italy, as well as internationally. The company emphasizes professional transportation and delivery of its timber products to meet the demands of its clients in the engineering sector.

LaGray Chemical

Venture Round in 2009
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

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.

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.

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.

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 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

Venture Round in 2007
Altea Packaging Group is a prominent flexible packaging converter operating in the MENA region. Founded in 2006 and based in Tunis, Tunisia, the company specializes in the processing, converting, and printing of a wide range of flexible packaging products. Its offerings include lids, films, cold seals, stand-up pouches, labels, and various specialized films, catering to diverse markets such as dairy, confectionery, detergents, pet food, and beverages. With nearly 700 employees across five production facilities in Egypt, Tunisia, and Algeria, Altea Packaging combines regional expertise with high-quality service, positioning itself as a reliable supplier for multinational companies seeking innovative packaging solutions tailored to their specific needs. The company was formerly known as Intaj Packaging Limited before rebranding in December 2007.

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.

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.

AXA Mansard Insurance

Venture Round in 2006
AXA Mansard is a prominent insurance and asset management company based in Nigeria, incorporated in 1989 and registered as a composite company with the National Insurance Commission of Nigeria. As a member of the AXA Group, it provides a range of life and non-life insurance products and services to both individuals and institutions. In addition to insurance offerings, AXA Mansard also specializes in asset and investment management, medical insurance solutions, and pension fund administration through its subsidiaries. Over the years, AXA Mansard has demonstrated significant growth, moving from the 97th position among 109 insurance companies in 2003 to one of the top four out of 58 by 2016. The company has received recognition for its financial strength with a B+ rating from A.M. Best and holds ISO 9001:2008 certification for quality management systems. AXA Mansard's ongoing commitment to the insurance and asset management sectors has positioned it as a key player in the Nigerian market.

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.

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 a leading airline charter company in Africa, primarily serving flights to European destinations. With an average fleet of 15 aircraft, the company has recently expanded its operations into Egypt through the acquisition of a charter airline, Coral Blue. Nouvelair focuses on providing air travel for tourists, business travelers, students, and families, ensuring safety, comfort, and efficiency. The airline holds the highest certification for safety and operations, and it has diversified its services to include aircraft assistance, maintenance, and training through 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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