BasiGo
Debt Financing in 2024
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a sustainable alternative to diesel. The company operates under a pay-as-you-go model, which includes maintenance and battery charging services, facilitating the transition for bus owners to adopt electric vehicles. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven battery technology that offers a reliable and economical solution amidst rising diesel costs. By making electric buses more accessible, BasiGo aims to enhance the efficiency of public transport while contributing to environmental sustainability.
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.
Trade and Development Bank -TDB
Debt Financing in 2024
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.
BasiGo
Debt Financing in 2023
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a sustainable alternative to diesel. The company operates under a pay-as-you-go model, which includes maintenance and battery charging services, facilitating the transition for bus owners to adopt electric vehicles. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven battery technology that offers a reliable and economical solution amidst rising diesel costs. By making electric buses more accessible, BasiGo aims to enhance the efficiency of public transport while contributing to environmental sustainability.
Dashen Bank
Debt Financing in 2023
Dashen Bank is a commercial bank based in Addis Ababa, Ethiopia, established in 1995. It provides a range of financial services, including saving deposits, current deposits, and fixed time deposits. The bank also offers various loan products such as consumer loans, term loans, merchandise loans, project loans, and overdraft facilities. In addition to traditional banking services, Dashen Bank features interest-free banking options and digital banking solutions, catering to the diverse needs of its customers. The bank is involved in international trade and provides guarantees, enhancing its role in the financial landscape of Ethiopia.
Zambia National Commercial Bank
Debt Financing in 2022
Zambia National Commercial Bank Plc, commonly known as Zanaco, is a prominent financial institution based in Lusaka, Zambia, established in 1969 to address the banking needs of the country. The bank operates through three main segments: Retail Banking, Corporate Banking, and Treasury Management, offering a wide range of services that include savings and current accounts, various types of loans, trade financing, and bancassurance. Zanaco caters to a diverse clientele, including individuals, small and medium-sized enterprises, large corporations, and government entities. Additionally, the bank provides digital banking services, debit and credit cards, and cash management solutions. With a network of 69 branches, around 200 automated teller machines, and 2,000 point-of-sale machines, Zanaco is well-equipped to serve the financial needs of the Zambian economy effectively.
iProcure Ltd is a Nairobi-based company that operates a supply chain platform focused on optimizing agricultural input distribution in rural Africa, particularly in Kenya. Founded in 2012, iProcure provides a comprehensive solution that integrates business intelligence and data-driven stock management to enhance the operations of agricultural retailers. The platform enables retailers to manage inventory, point-of-sale activities, and customer profiles while leveraging geo-located purchasing patterns and real-time transaction analysis. Additionally, iProcure facilitates mobile payments, allowing retailers to better predict demand and improve overall inventory management. By offering an alternative distribution channel, the company ensures that agricultural products reach end consumers effectively, thereby streamlining distribution and enhancing customer service. iProcure also provides warehousing and storage facilities to support its logistics operations.
Equity Group Holdings
Post in 2022
Equity Group Holdings is a financial services provider based in Nairobi, Kenya. It operates primarily through Equity Bank Kenya, which is a licensed commercial bank regulated by the Central Bank of Kenya. Equity Bank Kenya was established in 2014 following a corporate restructure of Equity Group Holdings Limited. The organization offers a range of banking and financial services aimed at various customer segments, contributing to the financial inclusion and economic empowerment of individuals and businesses in the region.
Apollo Agriculture
Series B in 2022
Apollo Agriculture, established in 2015, is a Kenyan agtech company with a presence in Nairobi. It specializes in providing smallholder farmers with access to critical farming inputs, financing, and advisory services. The company leverages agronomic machine learning, remote sensing, and mobile technology to assess credit risk and tailor financial and technical assistance to each farmer's unique needs and location. This approach aims to enhance farm yields and profitability in emerging markets, with a focus on Kenya.
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.
Safaricom
Venture Round in 2021
Safaricom is a leading telecommunications company based in Nairobi, Kenya, founded in 1997. It operates as a mobile network provider, delivering a comprehensive range of services that include voice, data, and mobile banking solutions through its renowned platform, M-Pesa. Safaricom's offerings encompass international calls, roaming, mobile broadband, and various communication solutions such as SMS, messaging, and video conferencing. The company also provides internet connectivity options, including 4G and Fiber to Buildings, alongside IT consultancy services. Serving a diverse clientele that includes individuals, small businesses, and large enterprises, Safaricom generates the majority of its revenue from voice, mobile data, and M-Pesa transactions, as well as other integrated telecommunication services.
Safaricom is a leading telecommunications company based in Nairobi, Kenya, founded in 1997. It operates as a mobile network provider, delivering a comprehensive range of services that include voice, data, and mobile banking solutions through its renowned platform, M-Pesa. Safaricom's offerings encompass international calls, roaming, mobile broadband, and various communication solutions such as SMS, messaging, and video conferencing. The company also provides internet connectivity options, including 4G and Fiber to Buildings, alongside IT consultancy services. Serving a diverse clientele that includes individuals, small businesses, and large enterprises, Safaricom generates the majority of its revenue from voice, mobile data, and M-Pesa transactions, as well as other integrated telecommunication services.
Trade and Development Bank -TDB
Debt Financing in 2020
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.
Liquid Intelligent Technologies
Funding Round in 2020
Liquid Intelligent Technologies is an independent data, voice, and IP provider focused on building a digital future for Africa. Founded in 2004 and headquartered in Ebène, Plaines Wilhems, the company has developed an extensive fiber network that spans over 18,000 kilometers across several African countries, including Uganda, Kenya, Rwanda, Zambia, Zimbabwe, Botswana, the Democratic Republic of Congo, Lesotho, and South Africa. Liquid Intelligent Technologies offers a variety of services such as broadband, leased lines, private networks, telecommunications connectivity, and web hosting. These services are designed to support both public and private sector enterprises in enhancing their digital experiences and navigating their digital journeys effectively.
Mettle.net
Debt Financing in 2020
Mettle Investments Limited is a specialist financial services company based in Bellville, South Africa, established in 1995. The company focuses on the lending business, offering a variety of financial solutions including asset-backed short-term lending, debtor finance, working capital finance, corporate finance, incremental housing finance, factoring, and invoice discounting. Mettle serves a diverse clientele, which includes international corporations, small and medium enterprises, and individual clients. In addition to its lending services, the company is involved in the solar energy and fintech sectors, highlighting its commitment to innovation and the development of specialised financial solutions.
Trade and Development Bank -TDB
Debt Financing in 2019
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.
Liquid Intelligent Technologies
Funding Round in 2018
Liquid Intelligent Technologies is an independent data, voice, and IP provider focused on building a digital future for Africa. Founded in 2004 and headquartered in Ebène, Plaines Wilhems, the company has developed an extensive fiber network that spans over 18,000 kilometers across several African countries, including Uganda, Kenya, Rwanda, Zambia, Zimbabwe, Botswana, the Democratic Republic of Congo, Lesotho, and South Africa. Liquid Intelligent Technologies offers a variety of services such as broadband, leased lines, private networks, telecommunications connectivity, and web hosting. These services are designed to support both public and private sector enterprises in enhancing their digital experiences and navigating their digital journeys effectively.
Bujagali Energy
Debt Financing in 2018
Bujagali Energy Limited is a power producer based in Uganda, specializing in the operation of the Bujagali Hydropower Project. This facility generates electricity with a capacity of 250 megawatts, addressing the region's pressing demand for new power sources. Bujagali Energy is dedicated to delivering affordable and clean energy, ensuring that clients benefit from competitive pricing while contributing to sustainable energy solutions in Uganda. As a subsidiary of SN Power AS, the company plays a vital role in enhancing the energy landscape of the country through its hydroelectric operations.
Trade and Development Bank -TDB
Debt Financing in 2018
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.
ARM Cement
Debt Financing in 2018
ARM Cement PLC is a Kenya-based manufacturer of cement, operating primarily in Kenya, Tanzania, South Africa, and Rwanda. Founded in 1974 and formerly known as Athi River Mining Limited, the company changed its name in 2012. ARM Cement is organized into two main segments: Cement and Lime, and Other Products. It produces a variety of cement types, including tiling cement, composite cement, portland cement, and clinker, and sells these products under the Rhino brand. In addition to cement, the company is involved in the mining and processing of industrial minerals and chemicals, the trading of other building products, and the manufacture and sale of fertilizers under the Mavuno brand. The majority of ARM Cement's revenue is generated from its operations in Kenya.
Kamponji Enterprises
Private Equity Round in 2017
Kamponji Enterprises Limited (KEL) is one of Malawi’s poultry companies. Established in 2013, the Limbe-based company produces, distributes and retails table eggs, broiler day-old chicks and animal feed across Malawi.
Africa Logistic Properties
Venture Round in 2017
Africa Logistics Properties Ltd. is an integrated commercial property company focused on the logistics and industrial sector in Africa. Founded in 2015 and headquartered in Nairobi, Kenya, the company specializes in the acquisition, development, and management of modern logistics and warehousing facilities across the continent. It designs and leases warehouses tailored to the occupier lease market, as well as build-to-suit facilities for clients with specific requirements. Additionally, Africa Logistics Properties operates multi-tenant distribution parks and offers sale and leaseback financing, property management, and other value-added services. The management team possesses extensive experience in industrial investment within emerging markets and adheres to international building standards, ensuring high-quality infrastructure for its clients.
Zambeef Products
Post in 2016
Zambeef Products PLC is the largest integrated food processing and retailing company in Zambia, involved in the production, processing, distribution, and retailing of a wide range of food products, including beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour. The company also engages in row cropping operations, primarily focused on maize, soya beans, and wheat, utilizing approximately 7,973 hectares of irrigated land and 8,776 hectares of rain-fed crops. In addition to its agricultural activities, Zambeef operates 226 retail outlets across Zambia and West Africa, providing a variety of food and non-food products. The company is also engaged in chicken breeding and the production and sale of leather and meat products. Incorporated in 1994 and headquartered in Lusaka, Zambia, Zambeef plays a significant role in the region's food supply chain.
Penda Health
Venture Round in 2016
Penda Health Limited operates a network of outpatient medical centers in Kenya, specifically in Umoja and Kitengela, focused on providing high-quality and affordable healthcare to middle- and low-income families. Founded in 2011, Penda Health offers a wide range of services, including general consultations, specialty consultations by OB/GYNs, diagnostics, lab services, and pharmacy services. The company utilizes advanced technology, including AI-powered tools, to enhance clinical decision-making and improve patient outcomes. Recognized for its patient-centered approach, Penda Health emphasizes operational excellence and community impact, having successfully served millions of patients. Its commitment to accessible and effective healthcare has established Penda Health as a trusted brand in Africa's healthcare landscape.
Trade and Development Bank -TDB
Debt Financing in 2016
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.
ARM Cement
Venture Round in 2016
ARM Cement PLC is a Kenya-based manufacturer of cement, operating primarily in Kenya, Tanzania, South Africa, and Rwanda. Founded in 1974 and formerly known as Athi River Mining Limited, the company changed its name in 2012. ARM Cement is organized into two main segments: Cement and Lime, and Other Products. It produces a variety of cement types, including tiling cement, composite cement, portland cement, and clinker, and sells these products under the Rhino brand. In addition to cement, the company is involved in the mining and processing of industrial minerals and chemicals, the trading of other building products, and the manufacture and sale of fertilizers under the Mavuno brand. The majority of ARM Cement's revenue is generated from its operations in Kenya.
Virunga Power
Venture Round in 2016
Virunga Power is an electric utility company that develops, invests, and operates of renewable power projects and rural distribution grids. Their focus is on megawatt-scale rural utility projects across several countries in East Africa and beyond with a goal of bringing high-quality, low-cost power to rural communities that currently lack reliable access to modern energy. They engage local and regional stakeholders to tailor renewable power solutions to match local needs and resources. The company's mission is to build the leading rural utility company in sub-Saharan Africa and to continuously strive to bring the full benefits of electrification to new rural communities and consumers in a sustainable manner. It provides clean electricity to communities living in and around Virunga National Park in North Kivu, Eastern Congo.
CRDB Bank Plc is a prominent financial institution operating in the United Republic of Tanzania and the Republic of Burundi, offering a wide range of banking services to individuals, small and medium enterprises (SMEs), corporate clients, and high net worth individuals. Founded in 1996 and headquartered in Dar es Salaam, the bank provides various retail banking products, including multi-currency accounts, personal and SME loans, and general insurance services. In addition, CRDB Bank facilitates corporate banking services such as trade finance, project finance, and cash management. The bank also emphasizes treasury services and digital banking, including mobile and internet banking solutions. With a robust network of branches, automated teller machines, point of sale terminals, and microfinance partners, CRDB Bank aims to meet the diverse financial needs of its customers effectively.
IHS Nigeria
Debt Financing in 2015
IHS Nigeria plc is a mobile telecommunications infrastructure provider based in Lagos, Nigeria. Established in 2001, the company operates in Nigeria, Sudan, Ghana, and the United Arab Emirates, offering a range of services including turnkey infrastructure deployment, managed services, and infrastructure sharing and leasing. IHS Nigeria specializes in telecommunications network construction, which encompasses site acquisition, design, equipment supply, and installation. The company also provides various tower sharing options, such as build-to-suit and buy-lease-back agreements. Additionally, IHS Nigeria offers infrastructure managed services, including field maintenance, project management, and network optimization. The firm also sells telecom equipment and, as of July 2013, managed a portfolio of approximately 8,500 towers.
Grindrod is a logistics company based in South Africa, operating in 32 countries and employing over 5,500 skilled professionals. The company focuses on creating sustainable returns and long-term value for its shareholders through its three main divisions: Freight Services, Shipping, and Financial Services. Grindrod offers a comprehensive range of solutions, including terminal operations, port management, rail logistics, maritime transport, and project logistics. Its Freight Services division specializes in handling dry-bulk commodities along key trade corridors in South Africa, Mozambique, and Namibia, while its Logistics segment provides services such as ships agency, clearing and forwarding, and container handling. By investing in assets and opportunities, particularly in sectors like oil and gas, dry bulk, and containerized cargo, Grindrod aims to become a fully integrated freight logistics and shipping service provider.
Foresythe Farm
Private Equity Round in 2013
Foresythe Farm runs a breeding herd of circa 5,400 cattle in Zambia.