Ascent Capital Africa Limited is a private equity and venture capital firm established in 2012, with its primary office located in Nairobi, Kenya. The firm focuses on investing in startup, early-stage, and growth companies across various sectors, including agribusiness, consumer goods, financial services, healthcare, information technology, and energy. Targeting small and medium enterprises with revenues between $2 million and $10 million, Ascent typically invests between $2 million and $15 million, with an average investment of $4 million to $5 million. The firm aims to acquire controlling or significant minority stakes in its portfolio companies, usually maintaining a shareholding of 25% to 40%. Ascent Capital Africa is committed to fostering growth in the Greater Eastern Africa region, including Kenya, Uganda, Tanzania, Rwanda, Burundi, and Ethiopia. The firm generally plans for a ten-year investment horizon, with preferred exit strategies including public listings or sales to other private equity funds and investors.
Dune Packaging is a manufacturer of paper packaging products focused on environmentally friendly solutions. The company provides a range of packaging options for various goods, including flour, sugar, baking powder, tea, and seeds, catering to the needs of restaurants and other businesses. In addition to these products, Dune Packaging also offers stitched and wrapping paper, as well as packaging for construction materials. By adhering to ISO standards and food safety management systems, Dune Packaging ensures that its clients receive reliable and safe packaging solutions.
African Queen is a privately owned Ugandan company specializing in importing, distributing and marketing high quality products including hair care, personal care, home care and foods.
Chims Africa, founded in 2003 as an MTN franchise, has established itself as a prominent player in Uganda's mobile money sector, particularly after the introduction of mobile money in 2009. Operating independently as an agent for MTN, the company excels in float management, allowing it to process higher volumes of cash-in and cash-out transactions compared to competitors who may lack adequate working capital. Chims Africa provides a range of mobile payment services, including loans, money transfers, and bill payments, ensuring accessibility for customers in both urban and rural areas. With numerous outlets across various locations, including Nateete, Kajjansi, and Entebbe, Chims guarantees 24/7 service availability. The company's headquarters is located at Block 18, Plot 764 Batuma House, Nalukolongo – Nateete, Masaka Road.
International Clinical Laboratories (ICL) operates in Ethiopia, providing a comprehensive range of laboratory services essential for patient diagnosis and treatment. Established in 2004 and headquartered in Addis Ababa, ICL is the leading laboratory service provider in the country, with multiple locations including six in the capital and seven branches nationwide. The laboratory offers numerous testing services, such as cardiac markers, blood counts, renal function tests, and various diagnostic analyses, including rapid tests and therapeutic drug monitoring. ICL distinguishes itself as the only laboratory in Africa accredited by the Joint Commission and certified by the Centers for Disease Control and Prevention and the College of American Pathologists. The company not only facilitates specimen collection and provides online access to results but also has a focus on enhancing healthcare quality in the region. As a subsidiary of Medpharm Holdings Africa, ICL aims to expand its services and establish a leading presence in the broader African healthcare market.
Medpharm Holdings Africa
Venture Round in 2015
Medpharm Holdings Africa is a provider of laboratory services in Ethiopia.
African Foundries Ltd is a Mining and Metals company located in Nigeria.
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