Ascent Capital Africa is a private equity and venture capital firm founded in 2012, with a focus on investing in small and medium-sized enterprises across East Africa, including countries like Kenya, Uganda, Tanzania, Rwanda, Burundi, and Ethiopia. The firm specializes in various sectors, such as agribusiness, consumer goods, finance, healthcare, information and communications technology, and manufacturing, targeting startups and growth-stage companies. Ascent typically invests between $2 million and $15 million, with an average investment of $4 million to $5 million, primarily seeking firms with revenues ranging from $2 million to $10 million. The firm often takes a controlling stake in its portfolio companies and prefers to exit through public listings or sales to other investors. Headquartered in Mauritius, Ascent also has offices in Nairobi, Addis Ababa, and Kampala, aiming to foster entrepreneurial growth and development in the Greater Eastern Africa region.
Kisumu Concrete Products LTD, established in 1978 and located in Kisumu, Kenya, specializes in the manufacture and supply of construction materials and concrete products. The company is the largest supplier of construction aggregates and a leading producer of concrete products in Western Kenya. Its diverse product range includes concrete blocks, paving blocks, roofing tiles, fence posts, culverts, and various precast items, as well as ballast and stone chips. Additionally, Kisumu Concrete Products engages in the mining and quarrying of pozzolana and provides excavation and backfill earthworks, catering to the needs of local and foreign road contractors, housing developers, and construction companies.
African Queen Limited distributes fast-moving consumer goods (FMCG) in Uganda. The company distributes personal care products, stationery products, home care products, and food and beverages. The company was founded in 2001 and is based in Mukono, Uganda.
Chims was founded in 2003 as MTN franchise, and when mobile money was introduced in Uganda in 2009 Chims was one of the first companies that became active in this segment. The company now operates as an independent agent to the largest mobile money network in Uganda (MTN) and targets to further grow the number of agents in Uganda over the next years. Chims has second to none operational float management capabilities to execute more and higher volume cash-in and cash-out than other mobile money agents; many competitors don’t have sufficient working capital available to serve customers. CHIMS has many Mobile money outlets which are open 24/7 from Monday to Sunday. We have outlets in a number of places for example; Nateete, Kajjansi, Makindye, Ntinda, Bugolobi, Airport, Entebbe and Upcountry; Busia, Lira, Soroti, Kabale, Ntungamo, Mbarara, Gulu, among others. We make sure that float and other MTN services are available for our customers whenever they are needed. Find our head office at Block 18, Plot 764 Batuma House, Nalukolongo – Nateete, Masaka Road.
ICL offers world-class laboratory services in Africa’s second most populous country, Ethiopia. ICL is the leading provider of laboratory services in Ethiopia with 6 locations in Addis Ababa and 7 branches across the country. ICL is the only laboratory in Africa to be accredited by the Joint Commission and certified by the Center for Disease Control and Prevention and the College of American Pathologists (CAP), while also being the exclusive referral partner for both Bioscentia and LabCorp. The Fund acquired a stake in ICL in the beginning of 2015. Since the investment, the Fund has e.g. supported ICL in implementing an ERP system and in opening one of Africa’s most advanced pathology department. Going forward the target is to develop ICL into a leading regional player and thus further improve the healthcare environment in Africa.
Medpharm Holdings Africa
Venture Round in 2015
Medpharm Holdings Africa is a provider of laboratory services in Ethiopia.