Ascent Capital Africa
Ascent Capital Africa, established in 2012, is a private equity firm headquartered in Mauritius with offices in Kenya, Ethiopia, and Uganda. The company specializes in investing in small and medium-sized enterprises across Eastern Africa, focusing on sectors such as agribusiness, consumer goods, healthcare, ICT, energy, and manufacturing. It typically invests between $2 million and $15 million, taking a controlling or majority stake, and aims to exit through public listing or sale to other investors within a 10-year period. Ascent Capital Africa targets enterprises with a proven track record and seeks to support their growth and expansion.
Top Stages
Past deals in Uganda
African Queen
Venture Round in 2015
African Queen Limited, established in 2001 and headquartered in Mukono, Uganda, is a private company engaged in the importation, distribution, and marketing of high-quality fast-moving consumer goods (FMCG). Its product portfolio spans personal care, home care, and food items, catering to a wide range of consumer needs in Uganda.
Chims Africa
Venture Round in 2015
Chims Africa, established in 2003 as an MTN franchise, has emerged as a key player in Uganda's mobile money sector since the introduction of mobile money in 2009. Operating independently as an agent within the largest mobile money network in the country, Chims offers a range of financial services including mobile money transfers, loans, and bill payment solutions. The company is recognized for its robust operational float management capabilities, allowing it to execute higher volumes of transactions compared to many competitors who struggle with adequate working capital. With numerous outlets open 24/7 in various locations, including urban centers and rural areas, Chims ensures that mobile money services are accessible to customers at all times. The company is dedicated to expanding its agent network across Uganda to further enhance service availability. Its head office is located in Nalukolongo, Nateete, on Masaka Road.
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