M-KOPA provides connected asset financing solutions for underbanked customers. Its platform combines digital micropayments and IoT connectivity to offer access to products including solar lighting, televisions, fridges, smartphones, financial services, and more.
The Avenue Group is dedicated to the provision of high quality, affordable and accessible healthcare. The Avenue Group includes the following companies; Avenue Hospital Avenue Healthcare Avenue Homecare Avenue Rescue Services.
Westfalia Fruit is a multinational supplier of fresh fruit and related processed products to international markets. Part of the Hans Merensky Holdings Group, Westfalia grows, sources and ripens, packs, processes and markets sustainably-grown avocados year round. Its vertically-integrated supply chain enables Westfalia to market quality fruit from across the globe.
WIOCC is revolutionising the delivery of high-capacity connectivity between Africa and the rest of the world. As a result, it is now widely recognised as Africa’s carriers’ carrier, offering a one stop-shop and end-to-end service between more than 30 African countries and the world’s key global financial and commercial centres. As a specialist in the wholesale market, WIOCC’s unique, flexible, bandwidth packages have been designed to enable carriers, mobile operators and internet service providers (ISPs) to take full advantage of Africa’s rapidly developing markets for fixed and mobile broadband and international corporate networking. WIOCC recognises that customers differ, and tailors many of its solutions to specific customer requirements.
Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, and accepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
Gozem is an application that offers its users transportation, delivery, and cashless payment services. It offers diverse ride-hailing services, such as motorcycle-taxis, car-taxis, and tricycle-taxis, as well as grocery delivery and other offerings.
Equity Bank Kenya is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya, the central bank, and national banking regulator. Equity Bank Kenya Limited was incorporated in 2014 as a result of the corporate restructure of Equity Group Holdings Limited.
Brimore is a social commerce platform connecting emerging brand owners with a network of resellers who market and sell their products using social media.
Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners, and drivers, and cargo recipients to achieve an efficient supply chain framework. Through an all-in-one robust logistics ecosystem, Kobo uses big data and technology to reduce logistics frictions, empowering rural farmers to earn more by reducing farm wastages and helping manufacturers of all sizes to find new markets. Kobo enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time and in full. The Kobo mission is to build the Global Logistics Operating System that will power trade and commerce across Africa and Emerging Markets. The company is also preparing to enter the agro-trading space by creating a marketplace that links farmers with buyers all over the world. The marketplace will effectively eliminate the high cost of middlemen for smallholder farmers and significantly improve profits. Ife Oyedele ll and Obi Ozor founded it in 2017 and is headquartered in Lagos, Nigeria.
WIOCC is revolutionising the delivery of high-capacity connectivity between Africa and the rest of the world. As a result, it is now widely recognised as Africa’s carriers’ carrier, offering a one stop-shop and end-to-end service between more than 30 African countries and the world’s key global financial and commercial centres. As a specialist in the wholesale market, WIOCC’s unique, flexible, bandwidth packages have been designed to enable carriers, mobile operators and internet service providers (ISPs) to take full advantage of Africa’s rapidly developing markets for fixed and mobile broadband and international corporate networking. WIOCC recognises that customers differ, and tailors many of its solutions to specific customer requirements.
Absa is a prominent financial services provider based in Johannesburg, South Africa, offering a wide range of banking products and services to personal, commercial, and corporate clients. Its personal banking services include savings and current accounts, credit cards, investment products, home loans, vehicle and asset finance, personal loans, and various insurance options. For businesses and corporations, Absa provides services such as commercial property finance, corporate asset financing, structured trade and commodity finance, and employee benefit solutions. The bank also supports sectors like agriculture, tourism, and public services through specialized financing solutions. Founded in 1991, Absa operates as a subsidiary of Barclays Africa Group Limited and is committed to delivering tailored financial solutions that address local needs while creating value for its stakeholders.
EquityBCDC provides economic assistance and transforms the way its customers bank by providing them with access to financial resources that can change their lives. The company's mission is to empower and improve the standard of living in African communities. Equity BCDC is a subsidiary of the Equity Group, a Nairobi-based Kenyan banking conglomerate with operations in ten African countries.
Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, and accepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
CIB is a financial service company that strives to provide superior financial solutions to meet all customers’ needs. It was formed as a joint venture between the National Bank of Egypt (NBE, 51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Having the strongest brand equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. CIB shows tremendous potential within the bourgeoning Retail and SME Banking markets. Through its superior management, high operating standards, corporate governance best practices, and training programs, CIB has succeeded in becoming the most profitable commercial bank operating in Egypt for more than 40 years. It was established in 1975 and is based in Giza, Egypt.
Tanzania Mortgage Refinance Company is a private sector financial institution with the sole purpose of supporting. Their services includes client charter, featured services, refinancing circle, funding and pricing, mode of operation, laws, and regulations.
Daystar Power focuses on delivering solar power and energy efficiency solutions tailored for businesses in the commercial, industrial, and agricultural sectors. The company aims to provide affordable, reliable, and clean energy through solar hybrid power systems, which help clients significantly reduce power costs, diesel consumption, and pollution. Daystar Power offers its services through flexible payment options, including cash sales or monthly fees, allowing companies to achieve a stable power supply while minimizing their environmental impact.
MaxAB is a B2B e-commerce platform that connects food and grocery retailers to suppliers in the most under-served geographies. We are Re-engineering the informal grocery and food market using empowering technologies and innovative supply chains that is designed to fit the needs of retailers in the areas we serve. We are on a mission to empower the retailers, by availing access to a wide range of products, premium service and operational support. Our technology enabled supply chain is helping put the correct amount of food at the right place at the right time. The company was founded in 2018 and is headquartered in Cairo, Egypt.
OCP Group is a leading producer and processor of phosphate rock, phosphoric acid, and phosphate-based fertilizers based in Morocco. The company utilizes its exclusive access to the world's largest phosphate rock reserves to develop sustainable products that enhance agricultural productivity. OCP Group offers a range of customized plant nutrition solutions, including raw materials, standard fertilizers, fortified fertilizers, water-soluble fertilizers, and animal feed additives. By focusing on sustainable practices, the company aims to contribute to healthy food production and ensure food security for the future, supporting farmers in achieving higher yields and increased income.
Adumo is a Fintech company focused on transforming the payment acceptance market in sub-Saharan Africa. It provides payment processing services that allow business owners to securely accept various payment types through an omnichannel approach. In addition to facilitating transactions, Adumo supports merchants with working capital solutions, consumer engagement tools, and business assistance, catering to a diverse range of clients, including multinational corporations, independent retailers, entrepreneurs, and informal traders. The company emphasizes best-in-class payment experiences, offering end-to-end reconciliation and valuable insights to help businesses grow, simplify operations, and optimize their overall performance.
Bolt Technology OÜ is a transportation platform based in Tallinn, Estonia, that provides ride-hailing, micromobility, and food delivery services. Founded in 2013, Bolt operates a smartphone application that allows users to book taxis directly, selecting options based on price and quality ratings, while also tracking the driver's arrival in real time. The platform aims to enhance urban mobility by offering a reliable and accessible alternative to traditional transportation methods, contributing to reduced traffic congestion and pollution in cities. With over 50 million customers across more than 40 countries, Bolt is recognized as one of the fastest-growing startups globally, striving to create a future with less reliance on car ownership.
Liquid Intelligent Technologies is an independent provider of data, voice, and IP services, dedicated to advancing Africa’s digital landscape. Established 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 nations, including Uganda, Kenya, and South Africa. Liquid Intelligent Technologies offers a variety of services such as broadband, leased lines, private networks, and telecommunications connectivity, alongside web hosting and related solutions. This diverse portfolio enables both public and private sector enterprises to improve their digital experiences and supports the continent's ongoing digital transformation.
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
Union Bank of Nigeria Plc. is a retail and commercial bank with its headquarters located in the central business district of Lagos, Nigeria.
Equity Bank Kenya is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya, the central bank, and national banking regulator. Equity Bank Kenya Limited was incorporated in 2014 as a result of the corporate restructure of Equity Group Holdings Limited.
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, offers a wide range of banking products and services to individual and business customers in Ghana. The bank provides various account options, including standard savings, current, access advantage, solo, and premier accounts. In addition to traditional banking services, Access Bank facilitates online banking, which encompasses ATM access, online transactions, point-of-sale terminal services, bill payments, and Western Union money transfers. The bank also specializes in corporate and investment banking, as well as commercial and personal banking, further extending its offerings to include mortgage loans and sustainable international banking services.
NSIA operates in insurance, banking and finance, and real estate businesses. It provides life insurance products; and non-life insurance products, including automotive, home and property, transport, and personal accident. The company also offers checking accounts, savings accounts, term deposits, savings certificates, and bank assurance products; commercial loans, personal loans, mortgages, and leasing; other services, such as transfers, foreign exchange, asset management, electronic banking, and money transfers; and financial engineering, trading, asset management, product portfolio management, and finance research services.
Zenith Bank is a prominent commercial bank that offers a range of specialized financial services. Established in May 1990, it commenced operations shortly thereafter and has since grown to become Nigeria's largest bank by tier-1 capital. The bank provides various services, including asset management, savings products, trade finance, lending, and treasury services. Its offerings encompass domestic and foreign accounts, treasury and custodian services, savings accounts, and corporate current accounts. Zenith Bank became a public limited company in June 2004 and was subsequently listed on the Nigerian Stock Exchange later that year. With a shareholder base of approximately one million, the bank continues to play a significant role in Nigeria's financial landscape.
Grainpulse is a provider of food and nutrition security for every household. Grainpulse has set the bar high with its unwavering commitment to Integrity, Customer-Centricity, Performance and Teamwork.
Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners, and drivers, and cargo recipients to achieve an efficient supply chain framework. Through an all-in-one robust logistics ecosystem, Kobo uses big data and technology to reduce logistics frictions, empowering rural farmers to earn more by reducing farm wastages and helping manufacturers of all sizes to find new markets. Kobo enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time and in full. The Kobo mission is to build the Global Logistics Operating System that will power trade and commerce across Africa and Emerging Markets. The company is also preparing to enter the agro-trading space by creating a marketplace that links farmers with buyers all over the world. The marketplace will effectively eliminate the high cost of middlemen for smallholder farmers and significantly improve profits. Ife Oyedele ll and Obi Ozor founded it in 2017 and is headquartered in Lagos, Nigeria.
Sierra Rutile is a leading mineral sands company, operating world-class assets in Sierra Leone. Sierra Rutile is in the process of significantly expanding its core rutile production, with associated increases of zircon and ilmenite by-products. Sierra Rutile’s assets are located in the Republic of Sierra Leone and center on the world-class natural rutile deposit located in the Southwest of the country. The deposit has a JORC-compliant resource of over 600 million tonnes at 1.29% rutile (measured, indicated and inferred resource, as of February 2011, at a 0.8% cut-off grade), making it one of the largest natural rutile deposits in the world.
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
Netsahem is a donation network platform.
Youspital is a developer of a digital healthcare platform for scheduling in advance medical exams. The platform provided by their business streamlines and automates customer booking, onboarding, and payment processes, allowing both patients and hospitals to provide better care at lower costs.
El Zatona is a cloud-based retail management system that is designed to help merchants manage their businesses and increase their profits. Their platform integrations and continuous technical support to their customers will allow them to leverage offline stores and the exposure of e-commerce with efficient and synchronized stock management.
At Fawaterak, we believe that everyone should have access to tools that can help them run their business effectively. That's why we offer a range of services that can help merchants of all sizes get paid faster, manage their operations, and grow their businesses. With Fawaterak, merchants can: Accept credit and debit card payments quickly and securely Keep track of sales and inventory in real-time Manage customer relationships and create loyalty programs Access funding and other financial services to help them grow Comply with tax and eInvoice regulations Our Solutions include: Payment Terminals Point of Sale Systems Online Checkout (Payment links, invoices, and product links) Mobile App Administration eInvoice and eReceipt Systems
Neqabty offers a mobile application that digitalizes society by linking organizations with its members in the field of healthcare.
Yellow Door Energy is a sustainable solar energy company focusing on solar energy solutions for commercial and industrial customers across the Middle East and Africa. Yellow Door Energy manages all stages of the solar plant, and once the solar plant starts producing electricity, you pay a monthly solar bill. Yellow Door Energy aims to develop over 1GW of distributed solar and energy solutions, emphasizing their commitment to sustainability and renewable energy in the region.
Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners, and drivers, and cargo recipients to achieve an efficient supply chain framework. Through an all-in-one robust logistics ecosystem, Kobo uses big data and technology to reduce logistics frictions, empowering rural farmers to earn more by reducing farm wastages and helping manufacturers of all sizes to find new markets. Kobo enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time and in full. The Kobo mission is to build the Global Logistics Operating System that will power trade and commerce across Africa and Emerging Markets. The company is also preparing to enter the agro-trading space by creating a marketplace that links farmers with buyers all over the world. The marketplace will effectively eliminate the high cost of middlemen for smallholder farmers and significantly improve profits. Ife Oyedele ll and Obi Ozor founded it in 2017 and is headquartered in Lagos, Nigeria.
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, that connects patients with healthcare providers across the Middle East and Africa, including Egypt, Saudi Arabia, Jordan, and Lebanon. Founded in 2011, the platform allows patients to search, compare, book, and review doctors, leveraging more than 200,000 verified reviews to enhance the decision-making process. Vezeeta offers a user-friendly experience, enabling patients to schedule appointments for in-clinic, virtual, or at-home consultations in as little as one minute. In addition to patient services, the company provides innovative software solutions for healthcare providers, facilitating clinic management and improving overall healthcare experiences. With features like live scheduling, automated appointment reminders, and comprehensive information on healthcare providers, Vezeeta aims to empower patients and enhance access to quality healthcare in the region.
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
Private Equity Round in 2018
Apex International Energy Management LLC is an independent oil and gas exploration and production company based in Houston, Texas, with an additional office in Cairo, Egypt. Founded in 2016, the company focuses on upstream growth opportunities in Egypt and the broader Middle East and North Africa region. Apex engages in asset acquisitions and capital investments aimed at enhancing drilling and production capabilities, thereby fostering long-term growth in reserves and production. The company operates in the prolific Western Desert of Egypt, where it conducts exploration activities on concessions covering approximately 1.7 million acres under production sharing agreements. With a leadership team experienced in building profitable oil and gas operations, Apex is actively pursuing various opportunities, including producing assets, new developments, and exploration through license rounds and direct awards from host governments.
Twiga Foods Ltd. operates a mobile-based business-to-business supply platform that serves retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates the ordering of various supplies, including bananas, pineapples, and tomatoes, through its platform. By leveraging a cashless system, Twiga connects millions of small and medium-sized vendors in urban markets, streamlining the supply chain and enhancing access to essential goods.
BBS is a financial institution whose principal business is residential and commercial property finance. BBS mission is to provide affordable property finance and attractive investment returns through efficient utilization of resources in the spirit of teamwork for the benefit of our stakeholders. Our vision is to be the premier provider of property finance and attractive investment returns in Botswana.
Africa's Talking is a Kenya-based mobile solutions firm integrating reliable two-way SMS, voice, and USSD functionality across mobile providers in Africa. The firm offers bulk SMS, short codes, and premium SMS, USSD, MMS, and customized mobile messaging solutions for individuals, businesses, and developers. With the API developers, it can connect a short code, use an alphanumeric sender id, and send SMS messages across Kenya. Africa's Talking’s users need to register to access documentation. Africa's Talking was established in 2010 by Eston Kimani and Samuel Gikandi, two MIT graduates to explore applications that enhance the growth and use of information technology in and for Africa. It is based in Nairobi.
CSquared is a company based in Nairobi, Kenya, specializing in the construction and operation of metro fiber and Wi-Fi networks to enhance internet connectivity for local providers. Formed in 2013 from Google's Project Link, CSquared aims to assist Internet service providers and mobile network operators in delivering broadband services to homeowners, small businesses, and mobile users in Uganda and Ghana. By focusing on wholesale metro fiber-optic networks, the company enables these providers to offer affordable internet solutions through shared infrastructure, thereby fostering increased connectivity for communities in the region.
Network International is a prominent provider of payment solutions in the Middle East and Africa, established in 1994. The company specializes in delivering a comprehensive suite of technology-enabled services that cater to merchants and financial institutions, including card processing, ATM management, and merchant acquiring. It is recognized for its innovative approach and offers tailored solutions to meet the diverse needs of its clients. As a principal member of Visa and MasterCard in the UAE, Network International has achieved significant certifications, positioning itself as a leading independent vendor in the region. The company's services extend to consultancy for new card products, ensuring clients receive expert guidance in planning and design. By continually evolving its offerings, Network International aims to enhance payment transaction experiences, making them secure, fast, and efficient for all stakeholders involved.
Zoona is a mobile technology company focused on providing financial services to underserved communities across Africa. Founded in 2009, it has established a robust distribution network that facilitates money transfers, electronic voucher payments, savings, credit, and bill payments primarily for unbanked customers. With operations in Zambia, Malawi, and Mozambique, Zoona leverages cutting-edge technology and a network of agents to ensure safe and reliable access to financial services. The company has processed over $2 billion in transactions and has received recognition from organizations such as The Nike Foundation and The Unreasonable Group for its impactful contributions to empowering young entrepreneurs and helping to alleviate poverty, particularly among girls.
Britam Holdings Plc is a diversified financial services group based in Nairobi, Kenya, with operations extending across Eastern and Southern Africa, including countries like Uganda, Tanzania, Rwanda, South Sudan, Malawi, and Mozambique. The company is structured into five main segments: Long Term Insurance, Short Term Insurance, Asset Management, Property, and Corporate and Other. Britam provides a comprehensive array of financial products, including life, health, and general insurance, as well as pension plans, unit-linked products, and investment planning services. It also engages in property development, offering services related to the purchase, sale, and rental of real estate. Additionally, Britam manages discretionary and segregated investment portfolios and unit trust funds, serving both individual and corporate clients through various distribution channels. Founded in 1920, Britam remains a key player in the financial landscape of the region.
Mobisol is a young Berlin start-up founded in 2010. They provide an alternative to fossil fuel sources for low-income customers living without access to electricity, combining solar energy and a suitable repayment scheme with mobile banking.
Haltons Pharmacy is a brand created by Haltons Limited. It is a collection of pharmacists, investors and leaders passionate about delivering accessible and affordable pharmacy care of the highest quality to Kenyans in a dignified manner wherever they are. Haltons Pharmacy is a retail pharmacy chain dispensing prescription and non-prescription pharmaceutical products. The company has retail outlets located mostly in high traffic residential estates capitalizing on volumes created by health care medicine prescribers to the average Kenyan consumer.
Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming their institutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets.
Remitly Global, Inc. is a digital remittance company that facilitates international money transfers through its global network, primarily serving customers in Africa, Asia, Central Europe, and South America. Headquartered in Seattle, Washington, with additional offices in London, Manila, and Nicaragua, Remitly offers an online service and mobile application that allows users in the United States, Canada, and the United Kingdom to send money to family and friends abroad. The company aims to disrupt the traditional money transfer industry, which is valued at $588 billion annually, by utilizing advanced technology to simplify the process and reduce associated costs. As a licensed money transmitter operating in 49 states and Washington, D.C., Remitly generates revenue through transaction fees and foreign exchange spreads, providing a reliable and cost-effective solution for immigrants seeking to send money internationally.
Zoona is a mobile technology company focused on providing financial services to underserved communities across Africa. Founded in 2009, it has established a robust distribution network that facilitates money transfers, electronic voucher payments, savings, credit, and bill payments primarily for unbanked customers. With operations in Zambia, Malawi, and Mozambique, Zoona leverages cutting-edge technology and a network of agents to ensure safe and reliable access to financial services. The company has processed over $2 billion in transactions and has received recognition from organizations such as The Nike Foundation and The Unreasonable Group for its impactful contributions to empowering young entrepreneurs and helping to alleviate poverty, particularly among girls.
Africa’s leading private education provider and the continental leader in quality education, training, skills development and placement services
Private Equity Round in 2016
It will deliver utility scale wind and solar projects into commercial operation in Africa over the next five years. Energy is critical to the African continent’s continued growth and Lekela is positioned to provide secure, reliable and competitive renewable energy to consumers such as government, utilities and large-scale industrial consumers.
Hygeia is the West African provider of integrated healthcare. Hygeia began operating in 1986 at what has now become its flagship hospital, Lagoon Hospital Apapa, a multi-specialist tertiary facility in Lagos, Nigeria. Since then the company has expanded its business to include two further hospitals in the Ikeja and Victoria Island districts of Lagos as well as two subsidiaries operating in the Health Insurance market - Hygeia HMO (Health Management Organisation) and Hygeia Community Health Plan. Hygeia HMO is a health maintenance organisation providing managed care to over 400,000 enrolees from over 250 corporate clients. Hygeia HMO works with a strong network of over 1,200 providers nationwide. Hygeia Community Health plan is a donor funded initiative that aims to improve access to quality healthcare for low income groups in Nigeria.
embonds (Emerging Markets Bond Exchange Ltd) is the world’s first electronic trading platform dedicated to trading emerging market bonds. Based in London and with development team located in Istanbul, embonds has started coverage of publicly traded sovereign and corporate fixed income securities in the London timezone covering both domestic and eurobond debt of the countries in Central and Eastern Europe, Middle East and Africa (CEEMEA). In most markets, embonds is able to offer domestic settlement for domestic instruments. embonds offers a transparent, easy to use and easy to access, multi-functional electronic platform. Their aim is to give asset managers, local primary dealers and global banks involved in emerging markets the tightest spreads possible on their trades by pooling liquidity from all participants. What’s more, as liquidity increases, those spreads are bound to narrow further still.
Tiger Resources Ltd is an Australian company engaged in the discovery, development, and exploration of high-grade copper and cobalt deposits. It operates primarily in the Katanga Copper Belt, a significant mining region located in the Democratic Republic of Congo (DRC). With its headquarters in West Perth, Australia, Tiger Resources aims to capitalize on the rich mineral resources of this area, known for its substantial copper and cobalt reserves.
Roxgold Inc. is a Canada-based gold exploration and development company. The Company is engaged in the business of acquiring, exploring and evaluating mineral properties, and developing them through to construction or disposing them when the evaluation is completed. The Company has a development project, the Yaramoko Gold Project, which is located in Burkina Faso, West Africa. The Yaramoko permit covers approximately 200 square kilometers in the Province of Bale in southwestern Burkina Faso. The Company also holds interest in the Houko, Solna and Boussara exploration properties. The Solna properties include contiguous permits, such as Solna, Teyango and Yantara in total covering approximately 37,300 hectares in the Province of Yagha in eastern Burkina Faso. The Boussoura property is located in the province of Poni.
Andela is a company that specializes in recruiting and managing software developers, primarily from emerging markets, and providing them with the necessary training and mentorship to succeed in the global tech landscape. Founded in 2014 and based in Lagos, Nigeria, Andela operates a significant marketplace for skilled digital talent, leveraging an AI-powered platform known as Andela Talent Cloud. This platform enhances the efficiency of matching companies with qualified developers, allowing clients to hire talent quickly and cost-effectively. Andela supports companies in various aspects of hiring, including compliance and payroll, while offering a diverse talent pool skilled in advanced technologies such as application development, artificial intelligence, and cloud computing. With a presence in over 135 countries, Andela connects businesses with vetted remote engineers, helping them scale their teams and meet project demands effectively. Notable clients include GitHub, Mastercard Foundry, and Mindshare.
embonds (Emerging Markets Bond Exchange Ltd) is the world’s first electronic trading platform dedicated to trading emerging market bonds. Based in London and with development team located in Istanbul, embonds has started coverage of publicly traded sovereign and corporate fixed income securities in the London timezone covering both domestic and eurobond debt of the countries in Central and Eastern Europe, Middle East and Africa (CEEMEA). In most markets, embonds is able to offer domestic settlement for domestic instruments. embonds offers a transparent, easy to use and easy to access, multi-functional electronic platform. Their aim is to give asset managers, local primary dealers and global banks involved in emerging markets the tightest spreads possible on their trades by pooling liquidity from all participants. What’s more, as liquidity increases, those spreads are bound to narrow further still.
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.
Private Equity Round in 2014
Helios Towers Africa has operations in Ghana, Tanzania, the Democratic Republic of Congo and a sister company in Nigeria. The number of mobile subscribers in Africa has increased from just 16 million people in 2000 to over 500 million today. Based on these growth levels and without an increase in the sharing of telecoms tower facilities, the number of towers in Africa will need to double from the current number of 75,000, a significant environmental impact.
Jabi Lake Mall is a retail center in Nigeria that offers 27,000 square meters of grade-A shopping space
MIC Global is a full-stack embedded micro insurance provider purpose-built to transform the insurance industry by reimagining and integrating simple and relevant insurance products that provide protection for people so that they can provide for their families and recover swiftly. We were founded with an aspirational goal to help close the insurance protection gap by providing inclusive and affordable insurance to people and to support them in their time of need.
Seven Energy is a Nigerian oil and gas company focused on exploration, development, production, and distribution of energy resources. With headquarters in Lagos, it aims to be a leading supplier of gas for power generation and industrial use in the domestic market. The company operates across the full value chain, from upstream activities like appraisal and production to midstream processing and distribution, allowing it to maximize shareholder value and ensure sustainable growth. Seven Energy boasts an upstream reserves base exceeding 350 million barrels of oil equivalent and a midstream processing capacity of 200 million cubic feet per day. It has secured long-term gas sales agreements to supply over 1 trillion cubic feet of gas to the domestic market. The company operates through its principal subsidiaries, Septa Energy Nigeria and Accugas, and is supported by a seasoned management team committed to high standards of governance and social responsibility.
AB Microfinance Bank Nigeria is a foreign-owned financial institution, based in Lagos state, which offers a broad range of financial services to micro, small and medium-sized enterprises (MSMEs) and other clients in the lower income strata.
Bridge International Academies is an operator of scholastic academy services used to provide education to underprivileged children. Its services provide lessons based on national curricula, develop in-depth teacher training and programs, and use cutting-edge wireless technology that enables underprivileged children to get the right education, free of cost, for a brighter future.
eleni LLC aims to build markets and transforms lives. As the only demonstrated exchange builder for frontier markets in Africa today, they have a track record of end-to-end exchange eco-systems impacting the livelihoods of millions of rural poor.
Tigo is an international telecommunications and media company that offers services worldwide. It also offers cable, satellite, broadband, e-commerce, and other media solutions. The company is based in Accra, Ghana.
WaterHealth International is an India-based company that offers customers safe, affordable drinking water through its community water systems. WHI has built 500 of these systems and has helped catalyze an entire sector of new enterprises delivering clean water in India.
NOVICA United, Inc. is an e-commerce company based in Los Angeles, California, that specializes in providing a wide range of accessories for both men and women. Established in 1998, the company sources its products from a network of regional offices located in various countries, including Brazil, Peru, Mexico, Ghana, Indonesia, Thailand, India, and Guatemala. NOVICA offers an extensive selection of items, including shawls, scarves, hats, gloves, belts, wallets, and travel accessories for women, as well as cufflinks, walking sticks, and key chains for men. The company is dedicated to empowering global artisans by connecting them with consumers and preserving traditional artistic practices. Featuring over 30,000 unique handmade works of art daily, NOVICA showcases artisan-crafted jewelry, apparel, and home decor, thereby promoting the rich culture and craftsmanship of its talented contributors.