Industrial Development Corporation

The Industrial Development Corporation (IDC) is a financial institution dedicated to promoting sustainable industrial development in Africa. It plays a crucial role in establishing industries across various sectors, including agriculture, livestock, forestry, tourism, manufacturing, mining, infrastructure, and financial services. IDC actively identifies investment opportunities that align with government policy objectives and serves as a catalyst for development by initiating projects independently or in partnership with private sector entities and other organizations focused on development. Through its initiatives, IDC aims to enhance economic growth and create a more robust industrial landscape in the region.

TP Nchocho

CEO

15 past transactions

Pele Energy Group

Venture Round in 2025
Pele Energy Group owns and runs renewable energy infrastructure in addition to providing economic and community development consulting services.

AMEA Power

Venture Round in 2024
AMEA Power is a company focused on the development, ownership, and operation of renewable energy projects, aiming to facilitate the transition to clean energy. It operates a diverse portfolio that includes thermal, wind, solar, battery storage, ammonia, and water desalination plants. By providing a variety of power solutions, AMEA Power seeks to support economic development and enhance living standards, particularly in emerging markets across Africa and other regions. The company is committed to delivering reliable and sustainable energy to meet the needs of the communities it serves, contributing to both environmental sustainability and economic growth.

Pele Energy Group

Debt Financing in 2023
Pele Energy Group owns and runs renewable energy infrastructure in addition to providing economic and community development consulting services.

Pele Green Energy

Debt Financing in 2023
Pele Green Energy is an Independent Power Producer focused on the development, ownership, procurement, construction, and operation of renewable energy power projects in Africa. The company specializes in both small-scale embedded generation and utility-scale power plants, positioning itself as a leading participant in South Africa's Renewable Energy Independent Power Producer Procurement Programme. By delivering electricity generated from renewable sources, Pele Green Energy aims to contribute to sustainable energy solutions in the region.

Giyani Metals

Post in 2023
High Grade Manganese is used to make cathodes for Lithium-Ion Batteries. The Global Lithium-Ion Battery market size is expected to reach US$ 46.21 Billion by 2022 (Allied Market Research). High Grade Manganese is required in two of the most prominent battery cathode chemistries (NMC & LMO). With a Global shortage of Manganese projects, it is the right time for Investors to capitalize on this opportunity presented by Giyani, as the increase in demand has started to rally flake Manganese prices back to record highs.

DataProphet

Series A in 2022
DataProphet is a developer of machine learning and artificial intelligence technology focused on the manufacturing industry. The company specializes in optimizing complex manufacturing processes across various industrial sectors through advanced AI-driven solutions. By leveraging existing data streams from production line equipment, DataProphet's platform enhances quality and yield while identifying process efficiencies. Its innovative approach incorporates deep learning techniques, leading to significant improvements on the factory floor, including the reduction of defects, scrap, and downtime. Through these capabilities, DataProphet aims to transform manufacturing operations and drive operational excellence for its clients.

Swedish Stirling

Post in 2022
Swedish Stirling AB specializes in the development and delivery of efficient energy solutions for electricity generation on a global scale. The company has created a hybridized Stirling engine, utilizing a license from Kockums AB, which serves as the foundation for its primary products: the Ripasso Stirling Hybrid and PWR BLOK. The Ripasso Stirling Hybrid combines solar energy with supplementary fuel to generate electricity during nighttime or cloudy conditions. Meanwhile, PWR BLOK targets the residual gas market, providing a reliable solution for energy generation from waste gases. Through these innovative technologies, Swedish Stirling aims to contribute to sustainable energy production.

DataProphet

Series A in 2020
DataProphet is a developer of machine learning and artificial intelligence technology focused on the manufacturing industry. The company specializes in optimizing complex manufacturing processes across various industrial sectors through advanced AI-driven solutions. By leveraging existing data streams from production line equipment, DataProphet's platform enhances quality and yield while identifying process efficiencies. Its innovative approach incorporates deep learning techniques, leading to significant improvements on the factory floor, including the reduction of defects, scrap, and downtime. Through these capabilities, DataProphet aims to transform manufacturing operations and drive operational excellence for its clients.

Clariter

Series A in 2019
Clariter is a global clean-tech company based in Luxembourg, established in 2003, that specializes in upcycling plastic waste into high-value products such as solvents, oils, and waxes. The company addresses the increasing demand for sustainable disposal solutions for non-perishable polyolefin plastics while reducing reliance on crude oil. Clariter employs a patented carbon-negative process, offering an innovative alternative to traditional chemical recycling methods. Its products serve various industries, including paint, plastics, coatings, and toiletries, thereby contributing to a more sustainable future by transforming plastic waste into advanced chemical products.

Agribank(Agricultural Bank of Zimbabwe)

Debt Financing in 2018
Agribank(Agricultural Bank of Zimbabwe) missio is to provide competitive financial services for the prosperity of the Bank, customers and other stakeholders through a committed, motivated and well-resourced work force.Their vision is to be a leading provider of financial services in Zimbabwe and beyond .The Agricultural Bank of Zimbabwe, trading as Agribank, evolved from the Land and Agricultural Bank (LAB) of 1924 of the then Government of Southern Rhodesia and through the Agricultural Finance Corporation (AFC) which was established in 1971 by various Acts of Parliament .

Zambia Airways

Corporate Round in 2018
Zambia Airways Corporation was the flag carrier of the Republic of Zambia.

Domestly

Series A in 2017
Domestly is a company that enhances home cleaning services by leveraging technology to connect cleaning professionals directly with homeowners. It provides an on-demand marketplace application that allows consumers to select professional cleaners based on their experience and recent reviews. This platform not only makes housekeeping more affordable and accessible but also creates business opportunities for cleaners. The application enables cleaners to confirm job requests and efficiently manage their work schedules, streamlining the process for both parties. Through its innovative approach, Domestly aims to transform how cleaning services are delivered and experienced.

SMILE Telecoms Holdings

Debt Financing in 2015
Smile Telecoms Holdings Limited is a telecommunications company that provides broadband Internet access and communication services across Africa. Founded in 2007 and headquartered in Port Louis, Mauritius, the company operates in several countries, including Nigeria, Tanzania, Uganda, the Democratic Republic of Congo, and South Africa. Smile offers mobile broadband Internet, voice, and messaging services through its advanced long-term evolution broadband network. The company also markets WiFi routers, MiFi routers for multiple users, and USB dongles for single users, catering to a diverse clientele that includes small and medium enterprises, households, and individuals. With a significant potential customer base and growing smartphone ownership in its markets, Smile Telecoms aims to enhance Internet accessibility and connectivity across the region.

Nomanini

Series B in 2014
Nomanini is a developer of a payment platform that connects informal retailers with the broader digital finance ecosystem. Its platform facilitates interaction among merchants, distributors, and global service providers through an interoperable merchant wallet. This integration allows for efficient payment processing, access to working capital, and data analytics, effectively transforming any mobile device into a point-of-sale system for informal merchants. By enabling transactions and monitoring micropayments, Nomanini empowers merchants to reach informal market consumers while also generating valuable data for loans, savings accumulation, and actionable business insights. Ultimately, this approach enhances profitability for all participants within the informal retail ecosystem.

Nomanini

Pre Seed Round in 2011
Nomanini is a developer of a payment platform that connects informal retailers with the broader digital finance ecosystem. Its platform facilitates interaction among merchants, distributors, and global service providers through an interoperable merchant wallet. This integration allows for efficient payment processing, access to working capital, and data analytics, effectively transforming any mobile device into a point-of-sale system for informal merchants. By enabling transactions and monitoring micropayments, Nomanini empowers merchants to reach informal market consumers while also generating valuable data for loans, savings accumulation, and actionable business insights. Ultimately, this approach enhances profitability for all participants within the informal retail ecosystem.
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