International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.
Regional Industry Director, Financial Institutions Group, Asia and Pacific
Stephanie Friedeburg
Vice President, Corporate Strategy and Resources
Mohamed Gouled
Vice President, Industries
Cheryl Hanway
Director
Saadia Khairi
Vice President and Chief Risk Officer
Rosy Khanna
Regional Industry Director for Financial Institutions in Asia-Pacific
Alfonso Garcia Mora
Regional Vice President for Europe, Latin America and the Caribbean
Vivek Pathak
Director and Global Head of Climate Business
Mary Peschka
Regional Director for Eastern Africa
Sergio Pimenta
Regional Vice President, Africa
Oumar Seydi
IFC Regional Director, Africa
Sarvesh Suri
Regional Industry Director, Infrastructure and Natural Resources
Dahlia Khalifa
Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone
Past deals in Africa and Middle East
Balwin Properties
Post in 2025
Balwin Properties Limited is a prominent residential property developer in South Africa, specializing in the development and sale of sectional title apartments aimed at the low-to-middle market segments. Founded in 1989 and headquartered in Johannesburg, the company focuses on creating large-scale, environmentally efficient, and affordable living spaces that enhance residents' lifestyles. Balwin Properties is also involved in providing services to residential estates, earning revenue through apartment sales, bond commissions, and property rentals. Additionally, the company operates a fiber network infrastructure for electronic communication services and rents related products. With a commitment to quality and sustainability, Balwin Properties plays a significant role in the South African housing market.
Lagos Free Zone
Private Equity Round in 2025
Lagos Free Zone is an operator of a commerce and trade zone designed to leverage the potential of the West African market. It offers exceptional infrastructure facilities and services, including clustered opportunities across multiple sectors. The zone provides deep sea port connections and regional rail connectivity, facilitating ease of doing business for its clients. By enabling access to essential amenities, Lagos Free Zone aims to attract investments and foster economic growth in the region.
Naked Insurance
Series B in 2025
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in providing short-term retail insurance products. The company aims to deliver a modern insurance experience characterized by transparency and simplicity, catering to the evolving needs of consumers in the insurance market.
Institut Pasteur de Dakar
Debt Financing in 2024
The Institut Pasteur de Dakar Foundation (IPD) is a non-profit association of public utility, concerned with promoting public health and well-being in West Africa. Since its founding in 1896 by one of Louis PASTEUR's disciples, Émile Marcoux, the IPD has been at the forefront of the fight against infectious diseases. Since 2009, the Institut Pasteur de Dakar has been a Senegalese foundation, jointly managed by the government of Senegal and the Institut Pasteur (Paris).
Arab African International Bank
Debt Financing in 2024
Arab African International Bank is a banking institution based in Cairo, Egypt, offering a wide range of financial services. These services include personal and commercial banking, credit cards, payroll solutions, consumer finance, and business loans for small enterprises. The bank aims to meet the diverse financial needs of its clients by providing tailored solutions in corporate finance and wealth management. Through its comprehensive service offerings, Arab African International Bank supports both individual and business clients in achieving their financial goals.
Tanger Med Port Authority
Debt Financing in 2024
Tanger Med Port Authority, based in Morocco, is responsible for the management and development of port infrastructure and services. The authority focuses on coordinating the port community and ensuring the reliability and performance of the services offered to customers. It oversees the construction and maintenance of port facilities while regulating interactions among various stakeholders within the port ecosystem. The authority collaborates with reputable private operators, both national and international, who invest in the port's superstructures and equipment under concession contracts. These operators provide services that adhere to international standards of quality, safety, and security, thus enhancing the operational efficiency of the marine industry at the port complex.
Orascom Development Egypt
Post in 2024
Orascom Development Egypt is a prominent developer of integrated destinations in Egypt, focusing on creating comprehensive communities that encompass hotels, residential units, and leisure facilities such as golf courses and marinas. The company operates through various segments, including hotels, real estate, land sales, town management, and additional services. Its hotel segment offers hospitality services across a range of accommodations, from two to five-star properties. The real estate segment is involved in acquiring land in undeveloped regions, while the land sales segment facilitates the sale of land and associated rights. Town management includes the provision of essential facilities and infrastructure services within its resorts and communities, ensuring a well-rounded living and vacation experience for residents and visitors alike.
Commercial International Bank
Post in 2024
Commercial International Bank (CIB) is a leading commercial bank established in 1975 and headquartered in Cairo, Egypt. Originally formed as a joint venture between the National Bank of Egypt and Chase Manhattan Bank, CIB has grown to become the most profitable commercial bank in Egypt over the past four decades. The bank offers a wide range of financial services, including deposits, savings accounts, loans, private banking, and e-banking. It caters to both individual customers and large corporations, providing corporate banking products such as project finance, structured trade finance, working capital finance, syndicated loans, letters of credit, and guarantees. CIB is renowned for its strong brand equity, superior management, high operating standards, and commitment to corporate governance best practices.
Bank of Palestine
Post in 2024
Bank of Palestine is a prominent financial institution operating in Palestine, focusing on a diverse range of banking services. Its main business segments include retail banking, corporate banking, and treasury services. The retail banking segment is the bank's primary revenue generator, offering services such as consumer loans, overdrafts, credit card facilities, and managing individual customer deposits. In the corporate banking sector, Bank of Palestine caters to corporate and institutional clients by providing loans, credit facilities, and deposit accounts. Additionally, the bank's treasury services encompass trading and other treasury-related activities, contributing to its overall financial operations. Through these comprehensive offerings, Bank of Palestine aims to meet the diverse financial needs of its individual and corporate customers.
FirstRand Bank
Post in 2024
FirstRand Bank, established in 1998, is a prominent financial services provider based in Sandton, South Africa. It offers a wide range of banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers, both domestically and across various African countries. The company operates through several divisions, including First National Bank (FNB) for retail and commercial banking, Rand Merchant Bank (RMB) for corporate and investment banking, WesBank for installment finance, and Ashburton Investments for investment management. Its services span deposit products, loans, credit facilities, investment products, transactional services, insurance, advisory services, and wealth management, catering to a diverse client base that includes consumers, small businesses, medium corporates, parastatals, government entities, and the agricultural sector.
Masdar Capital
Debt Financing in 2024
Masdar is a renewable energy manufacturer based in Abu Dhabi, United Arab Emirates, founded in 2006. The company focuses on developing utility-scale renewable energy projects and is committed to supporting the UAE's transition towards a knowledge-intensive economy. Masdar exemplifies the commercial adoption of clean technologies and reflects the UAE's dedication to sustainable practices. In addition to its core activities in renewable energy, Masdar also explores investment opportunities in sectors such as energy, commercial services, and technology, media, and telecommunications.
Sonatel
Debt Financing in 2024
Sonatel SA, headquartered in Dakar, Senegal, is a leading telecommunications provider in West Africa, offering a wide range of services including fixed line, mobile, Internet, television, voice, and mobile money to both individuals and businesses. Established in 1985, Sonatel operates in Senegal and has expanded its reach to Mali, Guinea Bissau, Guinea, and Sierra Leone. The company has developed a modern, fully digitized network supported by high-speed optical fiber submarine cables, boasting one of Africa's largest Internet bandwidths at 6.5 Gbps. Through its Orange brand, Sonatel facilitates the convergence of mobile, Internet, and television technologies, playing a crucial role in the economic development of Senegal and positioning the country as a telecommunications hub in the region.
Ulker Biskuvi Sanayi
Post in 2024
Ulker Biskuvi is a prominent Turkish manufacturer specializing in a variety of baked goods, including biscuits, crackers, chocolate, and cakes. Operating from multiple production facilities in Turkey, the company produces well-known brands such as Ulker, Alpella, Halk, Kat Tat, and Karsa. Biscuit and chocolate sales each contribute over 40% to Ulker Biskuvi's total revenue, with cake sales making up the remainder. The company generates nearly 90% of its revenue from the Turkish market and is a subsidiary of Yildiz Holding. Additionally, Ulker Biskuvi has a financial interest in the Godiva brand, further expanding its portfolio in the confectionery sector.
Banque du Caire
Debt Financing in 2024
Banque du Caire, founded in 1952 and headquartered in Cairo, Egypt, is a commercial bank that offers a range of banking services for individuals, businesses, and corporations. The bank provides various financial products, including accounts, deposits, retail and personal loans, microfinance, and bancassurance. Additionally, Banque du Caire offers investment and treasury management services, alongside modern banking solutions such as online banking, phone banking, and a mobile banking app. Through these services, the bank aims to cater to the diverse financial needs of its clients while fostering economic growth in the region.
Indorama Fertilizers
Debt Financing in 2024
Indorama Fertilizers operates a world-class, 1.4 million metric tonnes per annum urea manufacturing facility based in Port Harcourt, Nigeria. The plant has been developed to global environmental, social and construction standards. It plays a key role in supporting the agricultural sector in Nigeria by providing a reliable supply of fertilizers for local farmers, thereby enabling import substitution and supporting the diversification needs of the Nigerian economy. Indorama Fertilizers is also advantageously located to serve neighboring West African countries and key Western hemisphere markets, including North America, South America and Europe
Liquid Intelligent Technologies
Venture Round in 2023
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.
CSquared
Venture Round in 2023
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.
FirstRand Bank
Post in 2023
FirstRand Bank, established in 1998, is a prominent financial services provider based in Sandton, South Africa. It offers a wide range of banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers, both domestically and across various African countries. The company operates through several divisions, including First National Bank (FNB) for retail and commercial banking, Rand Merchant Bank (RMB) for corporate and investment banking, WesBank for installment finance, and Ashburton Investments for investment management. Its services span deposit products, loans, credit facilities, investment products, transactional services, insurance, advisory services, and wealth management, catering to a diverse client base that includes consumers, small businesses, medium corporates, parastatals, government entities, and the agricultural sector.
Husk Power Systems
Debt Financing in 2023
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.
OCP Group
Debt Financing in 2023
OCP Group is a leading producer and processor of phosphate rock and fertilizers based in Morocco. The company specializes in sustainable development, utilizing its exclusive access to the world's largest phosphate rock reserves. OCP Group offers a range of products, including raw materials, standard fertilizers, fortified fertilizers, water-soluble fertilizers, and animal feed additives. By providing customized plant nutrition solutions, the company aims to enhance agricultural productivity and food security. Their commitment to sustainability ensures that farmers can achieve higher yields and improve their income, ultimately contributing to resilient food systems and a secure future for all.
Edita Food Industries
Post in 2023
Edita Food Industries is a prominent consumer goods company based in Egypt, specializing in the manufacture, packaging, marketing, and distribution of a wide variety of food and snack products. The company's offerings include confectionery items such as cakes, biscuits, wafers, rusks, and candy, with notable brands like Molto, TODO, Bake Rolz, and Twinkies. Edita operates across six key segments, with the cakes segment accounting for a significant portion of its sales. The company boasts an extensive distribution network that serves wholesalers and retailers throughout the Middle East and North Africa, reaching over seventeen regional markets. In addition to its core operations, Edita has the flexibility to engage in alternative activities and pursue ownership stakes in other companies, in compliance with local laws and regulations.
Commercial International Bank
Post in 2023
Commercial International Bank (CIB) is a leading commercial bank established in 1975 and headquartered in Cairo, Egypt. Originally formed as a joint venture between the National Bank of Egypt and Chase Manhattan Bank, CIB has grown to become the most profitable commercial bank in Egypt over the past four decades. The bank offers a wide range of financial services, including deposits, savings accounts, loans, private banking, and e-banking. It caters to both individual customers and large corporations, providing corporate banking products such as project finance, structured trade finance, working capital finance, syndicated loans, letters of credit, and guarantees. CIB is renowned for its strong brand equity, superior management, high operating standards, and commitment to corporate governance best practices.
Nuru
Series B in 2023
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.
Seacom
Debt Financing in 2023
Seacom is a privately-funded company based in Ebene, Mauritius, that specializes in providing point-to-point transmission connectivity services through multiple subsea cable systems across Africa. Founded in June 2009, Seacom offers a range of services, including private line, internet protocol transit, Ethernet, and remote peering, facilitating connections between Africa, Europe, Asia, and the Middle East. The company primarily serves mobile and fixed network carriers, medium and large internet service providers, wholesale carriers, and content providers. Seacom's submarine fiber optic cable system enhances broadband connectivity for East African countries, enabling operators to develop complex connectivity solutions and expand their operations both regionally and internationally.
Bank of Kigali
Debt Financing in 2023
Bank of Kigali is a commercial banking institution established in December 1966 and headquartered in Kigali, Rwanda. The bank offers a wide range of financial services, including loans, accounting, asset finance, foreign exchange, and trade services. It serves both individuals and businesses across various sectors, including information technology and business products. The bank is committed to creating value for its stakeholders and aims to be a leading provider of innovative financial solutions in the region. In addition to focusing on customer service, Bank of Kigali invests in its employees, providing them with meaningful rewards to encourage their contributions to the company and the community.
Safaricom Telecommunications Ethiopia
Debt Financing in 2023
Safaricom Telecommunications Ethiopia is a purpose-driven technology and communication company dedicated to supporting Ethiopia's digital transformation and inclusion goals.
Safaricom Telecommunications Ethiopia
Secondary Market in 2023
Safaricom Telecommunications Ethiopia is a purpose-driven technology and communication company dedicated to supporting Ethiopia's digital transformation and inclusion goals.
BUA Cement
Post in 2023
BUA Cement Plc specializes in the production and marketing of cement under the brand name "BUA Cement." The company manufactures CEM II type cement that meets Nigerian Industrial Standards, making it suitable for various construction applications such as block-making, plastering, and concrete works. Known for its high early strength, rapid setting, and low heat of hydration, BUA Cement is recognized for its quality production process. The company generates revenue primarily through the sale of bagged and bulk cement, with the majority of its business operations concentrated in Nigeria.
Avenue Group
Debt Financing in 2023
The Avenue Group, based in Nairobi, Kenya, has been providing high-quality, affordable, and accessible healthcare since its founding in 1976. The organization operates healthcare facilities and offers a range of managed healthcare services, including outpatient, inpatient, emergency, maternity, X-ray, laboratory, and pharmacy services. Additionally, it provides nursing care, equipment rental, and nurse aid training. The company also focuses on health education and medical examinations. Avenue Group extends its services to include rescue operations, offering CPR and first aid training to both companies and the general public, alongside ambulance and medical taxi services. Furthermore, it provides event coverage through EMTs, first aid tents, and standby ambulances. The Avenue Group comprises several entities, including Avenue Hospital, Avenue Healthcare, Avenue Homecare, and Avenue Rescue Services.
Naked Insurance
Series B in 2023
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in providing short-term retail insurance products. The company aims to deliver a modern insurance experience characterized by transparency and simplicity, catering to the evolving needs of consumers in the insurance market.
Lulalend
Series B in 2023
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!
Agrocorp International
Debt Financing in 2022
Agrocorp International is a prominent player in the distribution and trading of agro-based commodities, operating across various global markets, including Canada, West Africa, China, Turkey, the Middle East, India, Bangladesh, and Vietnam. The company specializes in a diverse range of products, including grains such as wheat and rice, a variety of pulses and beans, oilseeds like soybeans and canola, and cotton. Additionally, Agrocorp offers animal feed products, which encompass corn and various meals, as well as edible nuts such as cashews and peanuts. Beyond agricultural commodities, the company also engages in the trade of non-agricultural goods, including coal, construction materials, and edible oils. Through its comprehensive portfolio, Agrocorp International plays a crucial role in the global agribusiness landscape.
AMEA Power
Debt Financing in 2022
AMEA Power is involved in the development, ownership, and operation of renewable energy projects, focusing on clean energy solutions across emerging markets, particularly in Africa. The company aims to enhance economic development and improve living standards by providing a diverse portfolio that includes thermal, wind, solar, battery storage, ammonia, and water desalination plants. By offering a variety of power solutions, AMEA Power seeks to meet the specific energy needs of the regions it serves, contributing to the global transition to clean energy while promoting environmental sustainability.
Yellow Door Energy
Venture Round in 2022
Yellow Door Energy is a sustainable solar energy company based in Dubai, United Arab Emirates, with an additional location in Amman, Jordan. Founded in 2015, the company specializes in providing solar energy solutions for commercial and industrial customers throughout the Middle East and Africa. Yellow Door Energy handles all aspects of solar plant development, including financing, design, construction, operation, and maintenance. Clients benefit from a solar leasing model, allowing them to pay a monthly bill based on their solar energy usage, which enables them to focus on their core business while utilizing renewable energy. With a goal to develop over 1 GW of distributed solar and energy solutions, Yellow Door Energy emphasizes its commitment to sustainability and the promotion of renewable energy in the region.
WIOCC
Venture Round in 2022
WIOCC specializes in high-capacity connectivity solutions, linking Africa with global financial and commercial centers. Recognized as a key player in the wholesale market, it caters to carriers, mobile operators, and internet service providers by offering customized bandwidth packages tailored to meet diverse customer needs. With a comprehensive range of services, including global connectivity, carrier IP transit, and colocation, WIOCC ensures built-in redundancy in its network, safeguarding traffic and enhancing reliability. Operating across more than 30 African countries, the company positions itself as a pivotal provider of managed connectivity services for cloud operators and content providers, effectively supporting the growing demand for fixed and mobile broadband in Africa's evolving markets.
İşbank
Post in 2022
İşbank was founded by Great Leader Mustafa Kemal Atatürk on the date of 26.08.1924. In the 91 years since its foundation, the Bank has made significant contributions to our country and taken various parts in their country’s development in many different fields, particularly in industry and trade. By the end of 2015, as the largest private bank in Turkey that has more than 25 thousand employees; around 1,400 local and overseas branches; the largest Bankamatik network in Turkey consisting of over 6,000 Bankamatiks; mobile banking, internet banking, telephone banking, and call center services, İşbank has provided its clients with access to banking services in the fastest way possible, and with the opportunity to choose, from a very wide range of financial products, the most convenient ones offered to them by the Bank and its affiliates.
Wave Mobile Money
Debt Financing in 2022
Wave Mobile Money is a financial technology company focused on providing app-based solutions for saving, transferring, and borrowing money in Africa. With a mission to create the first cashless continent, Wave aims to address the challenge of limited access to banking services, as less than 10% of the African population has a bank account. The company is developing an inclusive financial network that offers no account fees and allows for instant transactions, making it accessible to a broader audience. By leveraging technology, Wave is creating affordable financial services that enable individuals to manage their money effectively, thereby fostering economic empowerment and contributing to poverty alleviation. Its platform supports various services, including deposits, withdrawals, bill payments, and money transfers, facilitating cashless transactions for users and businesses alike.
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.
Brimore
Series A in 2022
Brimore operates a social commerce platform that connects emerging brand owners with a network of resellers. These resellers market and sell the products of these brands using social media, providing nationwide coverage for the brands. The platform uses data analytics to facilitate this connection between emerging brands and individual distributors across Egypt's 27 governorates, enabling small local manufacturers to directly reach consumers through freelance sales agents.
Brimore
Series A in 2022
Brimore operates a social commerce platform that connects emerging brand owners with a network of resellers. These resellers market and sell the products of these brands using social media, providing nationwide coverage for the brands. The platform uses data analytics to facilitate this connection between emerging brands and individual distributors across Egypt's 27 governorates, enabling small local manufacturers to directly reach consumers through freelance sales agents.
AMEA Power
Debt Financing in 2022
AMEA Power is involved in the development, ownership, and operation of renewable energy projects, focusing on clean energy solutions across emerging markets, particularly in Africa. The company aims to enhance economic development and improve living standards by providing a diverse portfolio that includes thermal, wind, solar, battery storage, ammonia, and water desalination plants. By offering a variety of power solutions, AMEA Power seeks to meet the specific energy needs of the regions it serves, contributing to the global transition to clean energy while promoting environmental sustainability.
Kobo360
Series B in 2021
Kobo360 is a digital logistics platform that connects cargo owners, truck operators, and drivers to streamline the supply chain process. Founded in 2017 and headquartered in Lagos, Nigeria, the platform utilizes data analytics and artificial intelligence to enhance efficiency in logistics operations, particularly in last-mile delivery. Kobo360 aims to reduce communication gaps and optimize pick-ups and deliveries, ensuring goods are moved seamlessly across the continent. The company also supports rural farmers by minimizing farm wastages, thereby enabling them to access new markets and increase their earnings. In addition to its logistics services, Kobo360 plans to establish a marketplace to link farmers directly with buyers globally, which will help eliminate intermediaries and improve profitability for smallholder farmers. Ultimately, Kobo360 seeks to build a comprehensive logistics ecosystem that enhances trade and commerce in Africa and emerging markets.
TradeDepot
Series B in 2021
TradeDepot Inc. is a technology-driven distribution platform based in Lagos, Nigeria, founded in 2016. The company aims to revolutionize the fast-moving consumer goods (FMCG) sector in Africa by connecting top consumer goods companies directly with retailers. TradeDepot's SaaS platform offers features such as predictive trade intelligence, real-time stock level access, and the ability to place bulk orders online. It also enables the auto-generation of sales promotions, helping to enhance sales and streamline operations. By focusing on improving the distribution of food, beverages, and personal care products, TradeDepot seeks to build the largest retail distribution network in Africa and improve the livelihoods of retail store owners. The company also has an office in Wilmington, Delaware, reflecting its commitment to expanding its reach and impact.
WIOCC
Debt Financing in 2021
WIOCC specializes in high-capacity connectivity solutions, linking Africa with global financial and commercial centers. Recognized as a key player in the wholesale market, it caters to carriers, mobile operators, and internet service providers by offering customized bandwidth packages tailored to meet diverse customer needs. With a comprehensive range of services, including global connectivity, carrier IP transit, and colocation, WIOCC ensures built-in redundancy in its network, safeguarding traffic and enhancing reliability. Operating across more than 30 African countries, the company positions itself as a pivotal provider of managed connectivity services for cloud operators and content providers, effectively supporting the growing demand for fixed and mobile broadband in Africa's evolving markets.
Absa
Funding Round in 2021
Absa is a prominent financial services group based in Johannesburg, South Africa, offering a comprehensive range of banking and financial products tailored to meet the needs of personal, commercial, and corporate customers. The bank provides personal banking services, including savings and current accounts, credit cards, home loans, and various investment products, along with electronic banking solutions. For business and corporate clients, Absa delivers services such as commercial property finance, asset finance, term loans, and trade products, as well as specialized solutions for sectors like agriculture, tourism, and public services. Established in 1991, Absa strives to address local challenges through its diverse offerings in retail, business, corporate, investment, and wealth banking, alongside insurance services.
Equity Banque Commerciale du Congo
Debt Financing in 2021
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
Series A in 2021
Wave Mobile Money is a financial technology company focused on providing app-based solutions for saving, transferring, and borrowing money in Africa. With a mission to create the first cashless continent, Wave aims to address the challenge of limited access to banking services, as less than 10% of the African population has a bank account. The company is developing an inclusive financial network that offers no account fees and allows for instant transactions, making it accessible to a broader audience. By leveraging technology, Wave is creating affordable financial services that enable individuals to manage their money effectively, thereby fostering economic empowerment and contributing to poverty alleviation. Its platform supports various services, including deposits, withdrawals, bill payments, and money transfers, facilitating cashless transactions for users and businesses alike.
Commercial International Bank
Post in 2021
Commercial International Bank (CIB) is a leading commercial bank established in 1975 and headquartered in Cairo, Egypt. Originally formed as a joint venture between the National Bank of Egypt and Chase Manhattan Bank, CIB has grown to become the most profitable commercial bank in Egypt over the past four decades. The bank offers a wide range of financial services, including deposits, savings accounts, loans, private banking, and e-banking. It caters to both individual customers and large corporations, providing corporate banking products such as project finance, structured trade finance, working capital finance, syndicated loans, letters of credit, and guarantees. CIB is renowned for its strong brand equity, superior management, high operating standards, and commitment to corporate governance best practices.
MaxAB
Series A in 2021
MaxAB is a B2B e-commerce platform based in Cairo, Egypt, founded in 2018, that connects food and grocery retailers with suppliers in underserved areas. The company focuses on re-engineering the informal grocery and food market by utilizing innovative technologies and supply chain solutions tailored to the specific needs of retailers. MaxAB's mobile platform facilitates an e-marketplace and provides logistics services for efficient distribution of goods. By streamlining procurement and grocery delivery processes, MaxAB aims to empower retailers with access to a diverse range of products, premium service, and operational support, ultimately enhancing their ability to manage their businesses effectively.
OCP Group
Debt Financing in 2021
OCP Group is a leading producer and processor of phosphate rock and fertilizers based in Morocco. The company specializes in sustainable development, utilizing its exclusive access to the world's largest phosphate rock reserves. OCP Group offers a range of products, including raw materials, standard fertilizers, fortified fertilizers, water-soluble fertilizers, and animal feed additives. By providing customized plant nutrition solutions, the company aims to enhance agricultural productivity and food security. Their commitment to sustainability ensures that farmers can achieve higher yields and improve their income, ultimately contributing to resilient food systems and a secure future for all.
Liquid Intelligent Technologies
Debt Financing in 2021
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.
Twiga Foods
Debt Financing in 2020
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.
Union Bank of Nigeria
Debt Financing in 2020
Union Bank of Nigeria Plc is a full-service commercial bank headquartered in Lagos, Nigeria. Established in 1917, the bank serves a diverse clientele, including individuals, small and medium-sized enterprises (SMEs), and large corporations, primarily in Nigeria and the United Kingdom. It operates through four main segments: Retail Banking, Commercial Banking, Corporate Banking, and Treasury. Union Bank offers a variety of financial products and services, such as current and savings accounts, debit cards, online and mobile banking, SME solutions, loans, credit services, and cash management. The bank is a subsidiary of Union Global Partners Limited and is committed to supporting economic growth through its comprehensive banking solutions.
WIOCC
Debt Financing in 2020
WIOCC specializes in high-capacity connectivity solutions, linking Africa with global financial and commercial centers. Recognized as a key player in the wholesale market, it caters to carriers, mobile operators, and internet service providers by offering customized bandwidth packages tailored to meet diverse customer needs. With a comprehensive range of services, including global connectivity, carrier IP transit, and colocation, WIOCC ensures built-in redundancy in its network, safeguarding traffic and enhancing reliability. Operating across more than 30 African countries, the company positions itself as a pivotal provider of managed connectivity services for cloud operators and content providers, effectively supporting the growing demand for fixed and mobile broadband in Africa's evolving markets.
Equity Group Holdings
Debt Financing in 2020
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.
Access Bank
Post in 2020
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.
Zenith Bank
Debt Financing in 2020
Zenith Bank is a prominent commercial bank established in May 1990, commencing operations in July of the same year. It provides a wide array of specialized financial services, including asset management, trade finance, lending, and treasury products. The bank offers various account types such as domestic and foreign accounts, corporate current accounts, and savings accounts, alongside treasury and custodian services. Zenith Bank became a public limited company in June 2004 and was subsequently listed on the Nigerian Stock Exchange later that year, marking a significant milestone in its growth. Today, it is recognized as Nigeria's largest bank by tier-1 capital, with a diverse shareholder base of approximately one million.
TruKKer
Series A in 2019
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.
Kobo360
Series A in 2019
Kobo360 is a digital logistics platform that connects cargo owners, truck operators, and drivers to streamline the supply chain process. Founded in 2017 and headquartered in Lagos, Nigeria, the platform utilizes data analytics and artificial intelligence to enhance efficiency in logistics operations, particularly in last-mile delivery. Kobo360 aims to reduce communication gaps and optimize pick-ups and deliveries, ensuring goods are moved seamlessly across the continent. The company also supports rural farmers by minimizing farm wastages, thereby enabling them to access new markets and increase their earnings. In addition to its logistics services, Kobo360 plans to establish a marketplace to link farmers directly with buyers globally, which will help eliminate intermediaries and improve profitability for smallholder farmers. Ultimately, Kobo360 seeks to build a comprehensive logistics ecosystem that enhances trade and commerce in Africa and emerging markets.
Sierra Rutile
Venture Round in 2019
Sierra Rutile is a prominent mineral sands company based in Sierra Leone, specializing in the extraction and production of rutile, zircon, and ilmenite. The company operates several mines across the Bonthe and Moyamba districts in southern Sierra Leone, focusing on expanding its core rutile production significantly. Sierra Rutile's flagship asset features one of the largest natural rutile deposits globally, with a resource exceeding 600 million tonnes. The company produces various grades of rutile, including Standard Grade Rutile and Industrial Grade Rutile, along with high-grade ilmenite and zircon-in-concentrate. Its products are utilized in various industries, including pigments, metal, and welding. A significant portion of Sierra Rutile's revenue comes from markets in Asia, with additional contributions from Europe, America, Africa, and the Middle East.
Lulalend
Series A in 2019
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
Pre Seed Round in 2019
Netsahem operates a digital fundraising platform that facilitates electronic donations to non-profit organizations. By offering a variety of innovative e-payment methods, Netsahem enables NGOs, particularly those that operate offline, to expand their reach and increase fundraising efforts. The platform is designed to support charitable initiatives across the Egypt region, helping organizations raise essential funds to assist those in need.
TruKKer
Venture Round in 2019
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.
Yellow Door Energy
Series A in 2019
Yellow Door Energy is a sustainable solar energy company based in Dubai, United Arab Emirates, with an additional location in Amman, Jordan. Founded in 2015, the company specializes in providing solar energy solutions for commercial and industrial customers throughout the Middle East and Africa. Yellow Door Energy handles all aspects of solar plant development, including financing, design, construction, operation, and maintenance. Clients benefit from a solar leasing model, allowing them to pay a monthly bill based on their solar energy usage, which enables them to focus on their core business while utilizing renewable energy. With a goal to develop over 1 GW of distributed solar and energy solutions, Yellow Door Energy emphasizes its commitment to sustainability and the promotion of renewable energy in the region.
Vezeeta
Series C in 2018
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.
Kobo360
Seed Round in 2018
Kobo360 is a digital logistics platform that connects cargo owners, truck operators, and drivers to streamline the supply chain process. Founded in 2017 and headquartered in Lagos, Nigeria, the platform utilizes data analytics and artificial intelligence to enhance efficiency in logistics operations, particularly in last-mile delivery. Kobo360 aims to reduce communication gaps and optimize pick-ups and deliveries, ensuring goods are moved seamlessly across the continent. The company also supports rural farmers by minimizing farm wastages, thereby enabling them to access new markets and increase their earnings. In addition to its logistics services, Kobo360 plans to establish a marketplace to link farmers directly with buyers globally, which will help eliminate intermediaries and improve profitability for smallholder farmers. Ultimately, Kobo360 seeks to build a comprehensive logistics ecosystem that enhances trade and commerce in Africa and emerging markets.
Twiga Foods
Series B in 2018
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.
Apex International Energy Management
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
Series B in 2018
Twiga Foods Ltd. is a mobile-based supply platform that caters to retail outlets, kiosks, and market stalls across Africa. Founded in 2013 and headquartered in Nairobi, Kenya, the company facilitates a cashless, business-to-business supply chain that connects small and medium-sized vendors with essential agricultural products. Twiga Foods enables vendors to order a variety of supplies, including bananas, pineapples, and tomatoes, through its innovative platform, streamlining the distribution process in urban markets. This approach not only enhances efficiency but also supports local businesses by improving access to quality produce.
Hellas Direct
Series B in 2018
Hellas Direct is a Cyprus-based digital-first insurance company that leverages advanced technology and artificial intelligence to transform the insurance industry. The company offers a range of insurance products, including car, motorcycle, and home insurance, by utilizing algorithms and advanced analytics to provide competitive pricing. By focusing on operational excellence, Hellas Direct aims to streamline the insurance process, making it simpler and more accessible for clients. With a mission to disrupt the traditional insurance value chain, Hellas Direct adopts a customer-centric approach, ensuring that clients receive the best possible offers tailored to their needs.
Botswana Building Society
Debt Financing in 2017
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.
CleanMax
Venture Round in 2017
CleanMax is the largest developer of both onsite and off-site solar solutions for corporate clients in India, focusing on a build-own-operate model. The company specializes in providing end-to-end clean energy services, including the construction, financing, and operation and maintenance of solar projects. By offering renewable energy at rates lower than grid tariffs through long-term Power Purchase Agreements, CleanMax enables businesses in the commercial and industrial sectors to access affordable clean power without any upfront investment. The company also extends its services beyond India, operating in the Middle East and South-East Asia.
Africa's Talking
Series A in 2017
Africa's Talking Ltd. is a Kenya-based information technology company that specializes in mobile communication solutions aimed at enhancing connectivity across Africa. Founded in 2010 by Eston Kimani and Samuel Gikandi, the company offers a range of services including bulk SMS, short codes, premium SMS, USSD, and MMS, as well as tailored mobile messaging solutions for individuals, businesses, and developers. Its platform features a comprehensive API that facilitates seamless integration of SMS, voice, and payments, enabling users to send messages and access communication services efficiently. Africa's Talking also provides access to SMS ShortCodes and a public platform for sharing information via SMS. The company is headquartered in Nairobi and focuses on fostering a vibrant entrepreneurial ecosystem through its innovative technology offerings.
CSquared
Venture Round in 2017
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
Venture Round in 2017
Network International is a prominent provider of payment solutions in the Middle East and Africa, established in 1994. The company offers a comprehensive suite of technology-enabled services designed to meet the diverse needs of merchants and financial institutions. Its offerings include credit and debit card processing, ATM management, merchant acquiring, and consumer finance applications. Network International is recognized for its innovative approach and ability to deliver tailored solutions that enhance payment transactions, making them secure, fast, and efficient. As a principal member of Visa International and MasterCard International in the UAE, it holds a significant position in the market, being the first independent vendor certified by both networks for card payments. The company also provides consultancy services to assist clients in planning and designing new card products and programs. Committed to driving customer revenue and profitability, Network International continues to evolve its services to adapt to the growing demands of the digital commerce landscape.
Zoona
Venture Round in 2017
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.
Haltons Limited
Venture Round in 2016
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
Seed Round in 2016
Flat6Labs is a prominent accelerator and venture capital firm based in Cairo, Egypt, founded in 2011. It plays a crucial role in fostering the technology ecosystem in the MENA region by investing in seed and early-stage startups across various sectors, including transportation, mobile, big data, and virtual reality. With offices in multiple cities such as Abu Dhabi, Amman, Beirut, Jeddah, Manama, and Tunis, Flat6Labs supports over 100 innovative startups annually, empowering entrepreneurs to realize their ambitions. The firm offers a range of investment amounts from $50,000 to $500,000, catering to startups from pre-seed to pre-Series A stages. In addition to financial support, Flat6Labs provides a comprehensive suite of services, connecting startups with a vast network of business mentors, investors, and corporate partners, thereby enhancing their growth potential. The firm is committed to expanding its impact in emerging markets while maintaining its leadership position in the region's startup ecosystem.
Zoona
Series B in 2016
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.
ADvTECH
Post in 2016
ADvTECH Limited is a prominent education and training provider based in Sandton, South Africa. The company operates through three main divisions: Schools, Tertiary, and Resourcing. The Schools division delivers comprehensive educational services, including pre-primary, primary, and secondary education. The Tertiary division focuses on higher education, offering diploma, degree, and postgraduate programs through both traditional and distance learning methods. In addition, the Resourcing division specializes in staffing solutions, providing permanent, temporary, and contract placements across various sectors, including information technology, accounting and finance, engineering, and network services. ADvTECH stands out as a leader in quality education, skills development, and workforce placement in the region.
Hygeia Group
Venture Round in 2016
Hygeia Group, based in Lagos, Nigeria, specializes in integrated healthcare services, managing hospitals and health maintenance organizations (HMOs). Founded in 1986, the company operates its flagship facility, Lagoon Hospital Apapa, along with two additional hospitals located in Ikeja and Victoria Island. Hygeia's hospital services encompass a wide range of specialties, including surgery, cardiology, pediatrics, and critical care, among others. Through its HMO, Hygeia provides managed care to over 400,000 enrollees from more than 250 corporate clients, working with a vast network of over 1,200 healthcare providers nationwide. Additionally, the Hygeia Community Health Plan is a donor-funded initiative designed to enhance healthcare access for low-income groups in Nigeria. As a subsidiary of CIEL Healthcare Ltd, Hygeia Group is committed to delivering comprehensive healthcare solutions to its patients and communities.
Embonds
Series B in 2015
EMBonds, or Emerging Markets Bond Exchange Ltd, operates the world's first electronic trading platform focused exclusively on emerging market bonds. Headquartered in London, with a development team in Istanbul, the platform covers publicly traded sovereign and corporate fixed-income securities within the London timezone, specifically targeting domestic and Eurobond debt from Central and Eastern Europe, the Middle East, and Africa (CEEMEA). EMBonds aims to facilitate trading by providing a transparent and user-friendly platform that enables asset managers, local primary dealers, and global banks to access optimal trading conditions. By pooling liquidity from various market participants, the platform strives to offer the tightest spreads possible on trades, with the potential for further narrowing as liquidity increases.
Roxgold
Post in 2015
Roxgold Inc. is a Canadian gold mining company focused on acquiring, exploring, and evaluating mineral properties. It operates primarily in West Africa, holding significant interests in the Yaramoko gold project in Burkina Faso, which spans approximately 200 square kilometers within the Houndé greenstone belt. Additionally, Roxgold has a 100% interest in the Séguéla gold project in Côte d'Ivoire, encompassing 11 mineral exploration permits. The company also explores other properties, including Houko, Solna, and Boussara in Burkina Faso. Roxgold's business model involves developing these projects through to construction or evaluating them for potential disposition. The primary source of revenue for the company comes from the sale of gold produced at its mining operations. Headquartered in Toronto, Canada, Roxgold is dedicated to advancing its mineral assets in a sustainable manner.
Hepsiburada.com
Series A in 2015
Hepsiburada is an e-commerce store offering various products such as electronics, apparel, stationery, home decor, and groceries.
Andela
Series A in 2015
Andela is a global technology company founded in 2014, headquartered in Lagos, Nigeria. It specializes in recruiting, training, and connecting top-tier software developers from Africa and other emerging markets with global companies. Andela's platform streamlines the hiring process, enabling businesses to quickly and cost-effectively augment their teams with skilled talent. The company's unique model involves rigorous screening to select the top 1% of developers, providing them with mentorship and continuous learning opportunities, and managing all aspects of borderless hiring, from compliance to payroll. This allows clients to engage with fully managed teams or select individual roles, up to 66% faster and at a 30-50% cost reduction compared to traditional methods. Andela's diverse talent pool spans over 135 countries and specializes in advanced technologies such as application development, artificial intelligence, cloud & DevOps, and data engineering. The company has earned the trust of prominent global brands, including GitHub, Mastercard Foundry, and Mindshare.
Affero Lab
Private Equity Round in 2015
Affero Lab is a corporate education solutions provider based in Rio de Janeiro, Brazil, with additional offices in São Paulo and Miami, Florida. Founded in 1997 and formerly known as Affero LTDA, the company specializes in a diverse range of educational services, including Software-as-a-Service (SaaS) offerings, standardized content, on-demand content development, consulting, and business process outsourcing. Its portfolio also features tools and technologies designed to enhance corporate training, such as authoring tools, content management platforms, and virtual learning environments. Notably, Affero Lab commercializes QuickLessons, a collaborative SaaS platform for creating online courses. The company's approach integrates technology, content, and consulting to address areas such as e-learning, talent management, and knowledge management. Through its innovative and engaging solutions, Affero Lab aims to transform clients' educational programs and drive meaningful business results.
Embonds
Series A in 2015
EMBonds, or Emerging Markets Bond Exchange Ltd, operates the world's first electronic trading platform focused exclusively on emerging market bonds. Headquartered in London, with a development team in Istanbul, the platform covers publicly traded sovereign and corporate fixed-income securities within the London timezone, specifically targeting domestic and Eurobond debt from Central and Eastern Europe, the Middle East, and Africa (CEEMEA). EMBonds aims to facilitate trading by providing a transparent and user-friendly platform that enables asset managers, local primary dealers, and global banks to access optimal trading conditions. By pooling liquidity from various market participants, the platform strives to offer the tightest spreads possible on trades, with the potential for further narrowing as liquidity increases.
Jabi Lake Mall
Venture Round in 2014
Jabi Lake Mall is a prominent retail center located in Abuja, Nigeria, providing over 30,000 square meters of high-quality shopping space. The mall serves as a significant venue for international retailers seeking to enter the African market. With its modern facilities, Jabi Lake Mall aims to enhance the shopping experience for consumers while supporting the growth of retail businesses in the region.
Seven Energy
Venture Round in 2014
Seven Energy is an indigenous Nigerian company focused on oil and gas exploration, development, production, and distribution. Headquartered in Lagos and London, it aims to be the leading supplier of gas for power generation and industrial use within Nigeria. The company leverages its first mover advantage in the domestic gas market, maximizing shareholder value through sustainable growth across the full value chain, which includes upstream appraisal, development, production, and midstream processing and distribution. Seven Energy possesses an upstream reserves and resources base exceeding 350 million barrels of oil equivalent and has a midstream processing and distribution capacity of 200 million cubic feet per day. Additionally, it has established long-term gas sales agreements to supply over 1 trillion cubic feet of gas to the domestic market. The company operates through its subsidiaries, Septa Energy Nigeria and Accugas, and is supported by an experienced management team committed to high standards of corporate governance and social responsibility.
Yandex
Post in 2013
Yandex is a Russian internet and technology company, operating the largest search engine in Russia and the most visited website in the country. It develops and provides a range of internet-based services and products, including transportation services, navigation products, and mobile applications, all powered by machine learning. Yandex's services span search and portal, e-commerce, mobility, delivery, entertainment, classifieds, and media, generating revenue primarily from its search and portal segment in Russia, Belarus, and Kazakhstan.
Kaiima
Series C in 2013
Kaiima is a biotechnology company based in Lower Galilee, Israel, that has developed a unique non-GMO technology platform known as EP™. This platform, combined with advanced breeding programs, enhances the productivity and resource efficiency of significant food and energy crops. The company collaborates with global partners to create new crop varieties tailored for sustainable agriculture. Additionally, Kaiima specializes in castor bean hybrid development and the marketing and sales of these products. It also engages in the development of high-quality vegetable varieties through its subsidiary, Top Seeds, thereby contributing to improved agricultural outputs and sustainability.
Microvast
Series A in 2011
Microvast is a technology company that specializes in the design, development, and manufacturing of lithium-ion battery solutions, particularly for electric vehicles. Founded in 2006 and based in Huzhou, China, the company also has offices in the United States, Europe, the Middle East, and Africa. Microvast is recognized for its advanced cell technology and its ability to integrate the entire production process, from raw materials to final battery assembly. This vertical integration allows the company to offer a range of products, including ultra-fast charging, long-life battery power systems, lithium-ion battery materials, and battery systems for hybrid-electric vehicles, all designed with a focus on safety and performance.
Hygeia Group
Debt Financing in 2009
Hygeia Group, based in Lagos, Nigeria, specializes in integrated healthcare services, managing hospitals and health maintenance organizations (HMOs). Founded in 1986, the company operates its flagship facility, Lagoon Hospital Apapa, along with two additional hospitals located in Ikeja and Victoria Island. Hygeia's hospital services encompass a wide range of specialties, including surgery, cardiology, pediatrics, and critical care, among others. Through its HMO, Hygeia provides managed care to over 400,000 enrollees from more than 250 corporate clients, working with a vast network of over 1,200 healthcare providers nationwide. Additionally, the Hygeia Community Health Plan is a donor-funded initiative designed to enhance healthcare access for low-income groups in Nigeria. As a subsidiary of CIEL Healthcare Ltd, Hygeia Group is committed to delivering comprehensive healthcare solutions to its patients and communities.
Wataniya Palestine Mobile Telecommunications
Debt Financing in 2009
Wataniya Palestine Mobile Telecommunications is a telecommunication company that provides a range of wireless services for both personal and business use in the Palestinian Authority. Established in 2007 and headquartered in Al Bireh, the company offers prepaid and postpaid packages, various call-related services, and multimedia messaging options, including SMS. Additionally, it provides value-added services such as Facebook access without internet, voicemail, and mobile internet. Wataniya operates 2G and 3G mobile networks, sells handsets, and constructs wireless telecommunication stations and telephone networks. Its products and services are accessible through a network of points of sale, distributors, and agents, catering to the diverse communication needs of its customers.
Tigo
Venture Round in 2005
Tigo is an international telecommunications and media company headquartered in Accra, Ghana. It provides a range of services including cable, satellite, broadband, and e-commerce solutions. With a global presence, Tigo aims to deliver diverse media offerings to its customers, enhancing connectivity and access to information across various markets.
Nedbank
Nedbank, established in 1888, is a South African commercial bank headquartered in Sandton. It offers a broad spectrum of banking and financial services, catering to individuals, small businesses, and government sectors. Nedbank's services include deposit accounts, credit cards, loans, insurance, investment services, and wealth management. Through its subsidiaries, it also provides corporate and investment banking, global market services, and private equity investments, focusing on mid-market unlisted companies. Nedbank operates in South Africa and internationally, with a presence in Africa, Europe, Asia, the United States, and other regions.
Husk Power Systems
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.
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