International Finance Corporation

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.

Wale Ayeni

Regional Head Africa Venture Capital

Paulo De Bolle

Director, Special Situations

Ali Demirci

Global Head, Venture Capital Funds

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

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 residential property development company based in Johannesburg, South Africa, founded in 1989. The company specializes in the development, construction, promotion, and sale of sectional title apartments aimed at the low-to-middle market segments. Balwin Properties focuses on creating large-scale, environmentally efficient, and affordable residential estates that offer a desirable lifestyle for residents. In addition to sales, the company generates revenue through services provided to residential estates, bond commissions, and property rentals. Balwin Properties also operates as a provider of electronic communication services, enhancing its offerings to customers.

Lagos Free Zone

Private Equity Round in 2025
Lagos Free Zone is an operator of a commerce and trade zone designed to capitalize on the potential of the West African market. The company provides exceptional infrastructure facilities and services, including clustered opportunities for various sectors. It features deep sea port connections and regional rail connectivity, which enhance logistical efficiency. By offering these comprehensive amenities, Lagos Free Zone enables clients to benefit from an improved ease of doing business, facilitating trade and commerce in the region.

Naked Insurance

Series B in 2025
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in short-term retail insurance products. The company aims to provide a modern approach to insurance by emphasizing effortless, transparent, and sincere service. Through its innovative offerings, Naked Insurance seeks to enhance the customer experience in the insurance sector.

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 is a Moroccan organization responsible for the management and development of port infrastructure, as well as the coordination of activities within the port community. The authority ensures the reliability and performance of services offered to customers utilizing the port platform. It undertakes the construction and maintenance of port infrastructure while also regulating interactions among various stakeholders. To enhance operational efficiency, Tanger Med collaborates with renowned national and international private operators, who invest in the port's superstructures and equipment under concession contracts. These partnerships enable the port to provide services that comply with international quality, safety, and security standards, thereby supporting the marine industry's operations and enhancing the overall capabilities of the port complex.

Orascom Development Egypt

Post in 2024
Orascom Development Egypt is a prominent developer specializing in the creation of integrated destinations across Egypt. The company focuses on developing private villas, apartments, hotels, and various leisure facilities, including golf courses and marinas, as well as the necessary supporting infrastructure. Its operations are divided into several segments: Hotels, which provide hospitality services ranging from two to five-star accommodations; Real Estate, which involves acquiring land in undeveloped regions; Land Sales, encompassing the sale of land and land rights; Town Management, which delivers essential services and infrastructure for resorts and communities; and Other Operations. Through these diverse segments, Orascom Development Egypt aims to foster thriving communities and enhance the tourism experience in the regions where it operates.

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 Sanayi AS is a prominent Turkish food manufacturer specializing in a wide range of products, including biscuits, crackers, chocolate, and cakes. Operating from multiple production facilities across Turkey, the company is well-known for its major brands such as Ulker, Alpella, Halk, Kat Tat, and Karsa. Biscuit and chocolate sales constitute over 80% of the company's revenue, with the majority of its business generated from the domestic market. Ulker Biskuvi also holds a financial interest in the renowned Godiva brand. As a subsidiary of Yildiz Holding, Ulker Biskuvi plays a significant role in the confectionery sector, catering to both national and international markets.

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 Nairobi-based company that specializes in building and operating metro fiber and Wi-Fi networks. Established in 2013 as an independent entity from Project Link of Google, CSquared focuses on enhancing connectivity in Uganda and Ghana. The company provides essential broadband infrastructure services that enable local Internet service providers and mobile network operators to deliver affordable Wi-Fi and broadband solutions to homeowners, small businesses, and mobile users. By leveraging shared infrastructure, CSquared aims to connect more people to the Internet and foster greater communication within these communities.

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 based in Goma, Nord-Kivu, Congo, focused on enhancing connectivity and providing affordable energy solutions in the Democratic Republic of Congo. Founded in 2015, Nuru specializes in solar energy and storage micro-grids. It made a significant impact in 2017 by deploying the country's first solar-based mini-grid and is currently working on constructing a 1.3MW solar hybrid site in Goma, which is set to become the largest off-grid mini-grid in sub-Saharan Africa. Nuru's mini-grids utilize solar photovoltaic technology combined with battery storage, allowing commercial and industrial users to access renewable energy effectively.

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 provides a range of financial services, including loans, accounting, asset financing, foreign exchange, and trade services, catering to both individuals and businesses. With a focus on innovation, Bank of Kigali aims to be the leading provider of financial solutions in the region. The institution also emphasizes the importance of investing in its employees, offering rewards that motivate them to contribute effectively to the company and the community.

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.

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.

BUA Cement

Post in 2023
BUA Cement Plc, established in 2018, specializes in producing and distributing CEM II type cement under the brand "BUA Cement". This product is designed to meet Nigerian Industrial Standards and caters to various construction needs across Nigeria. Its distinctive features include high early strength, rapid setting, and low heat of hydration, making it suitable for block-making, plastering, and concrete works. The company generates revenue primarily through the sale of bagged cement and bulk cement within Nigeria.

Avenue Group

Debt Financing in 2023
The Avenue Group is a healthcare organization based in Nairobi, Kenya, founded in 1976. It operates various healthcare facilities and provides a comprehensive range of managed healthcare services. These services include outpatient, inpatient, emergency, maternity, X-ray, laboratory, and pharmacy services, alongside nursing care, equipment rental, and nurse aid training. The company is also committed to public health education and medical examinations. Additionally, Avenue Group offers rescue services, such as CPR and first aid training, ambulance services, medical taxis, and event coverage, including standby ambulances and first aid tents. The group's focus is on delivering high-quality, affordable, and accessible healthcare solutions to its patients and the wider community.

Naked Insurance

Series B in 2023
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in short-term retail insurance products. The company aims to provide a modern approach to insurance by emphasizing effortless, transparent, and sincere service. Through its innovative offerings, Naked Insurance seeks to enhance the customer experience in the insurance sector.

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

Yellow Door Energy

Venture Round in 2022
Yellow Door Energy, established in 2015 with headquarters in Dubai and operations in Amman, specializes in distributed solar power generation for commercial and industrial customers across the Middle East and Africa. The company finances, designs, builds, operates, and maintains solar plants, enabling clients to adopt renewable energy solutions without upfront capital expenditure. Once operational, clients pay a monthly bill based on electricity produced. Yellow Door Energy aims to develop over 1 gigawatt of distributed solar capacity, demonstrating its commitment to sustainability and clean energy in the region.

WIOCC

Venture Round in 2022
WIOCC is a specialist provider of wholesale telecommunications services, focusing on high-capacity connectivity between Africa and global markets. It offers tailored solutions, including global connectivity, IP transit, metro connections, and colocation, catering primarily to carriers, mobile operators, ISPs, cloud operators, and content providers. With a presence in over 30 African countries and key global centres, WIOCC is renowned as Africa's "carriers' carrier," offering flexible bandwidth packages designed to facilitate the growth of fixed and mobile broadband markets across the continent.

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.

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.

AMEA Power

Debt Financing in 2022
AMEA Power is a company focused on the development, ownership, and operation of renewable energy projects, aiming to facilitate the transition to clean energy. It operates a diverse portfolio that includes thermal, wind, solar, battery storage, ammonia, and water desalination plants. By providing a variety of power solutions, AMEA Power seeks to support economic development and enhance living standards, particularly in emerging markets across Africa and other regions. The company is committed to delivering reliable and sustainable energy to meet the needs of the communities it serves, contributing to both environmental sustainability and economic growth.

Kobo360

Series B in 2021
Kobo360 is a digital logistics platform founded in 2017 and headquartered in Lagos, Nigeria. It connects manufacturers and cargo owners with truck operators, utilizing technology and data analytics to streamline haulage operations. By creating an integrated logistics ecosystem, Kobo360 aims to enhance supply chain efficiency and reduce costs for all stakeholders, including cargo owners, truck owners, and drivers. The platform addresses logistics challenges by offering real-time visibility, optimizing routes, and improving last-mile delivery. Additionally, Kobo360 is working to enter the agro-trading sector, facilitating a marketplace that directly links farmers with global buyers, thereby reducing reliance on middlemen and increasing profits for smallholder farmers. The company's mission is to develop a comprehensive Global Logistics Operating System that fosters trade and commerce across 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 is a specialist provider of wholesale telecommunications services, focusing on high-capacity connectivity between Africa and global markets. It offers tailored solutions, including global connectivity, IP transit, metro connections, and colocation, catering primarily to carriers, mobile operators, ISPs, cloud operators, and content providers. With a presence in over 30 African countries and key global centres, WIOCC is renowned as Africa's "carriers' carrier," offering flexible bandwidth packages designed to facilitate the growth of fixed and mobile broadband markets across the continent.

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.

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 is a specialist provider of wholesale telecommunications services, focusing on high-capacity connectivity between Africa and global markets. It offers tailored solutions, including global connectivity, IP transit, metro connections, and colocation, catering primarily to carriers, mobile operators, ISPs, cloud operators, and content providers. With a presence in over 30 African countries and key global centres, WIOCC is renowned as Africa's "carriers' carrier," offering flexible bandwidth packages designed to facilitate the growth of fixed and mobile broadband markets across the continent.

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 founded in 2017 and headquartered in Lagos, Nigeria. It connects manufacturers and cargo owners with truck operators, utilizing technology and data analytics to streamline haulage operations. By creating an integrated logistics ecosystem, Kobo360 aims to enhance supply chain efficiency and reduce costs for all stakeholders, including cargo owners, truck owners, and drivers. The platform addresses logistics challenges by offering real-time visibility, optimizing routes, and improving last-mile delivery. Additionally, Kobo360 is working to enter the agro-trading sector, facilitating a marketplace that directly links farmers with global buyers, thereby reducing reliance on middlemen and increasing profits for smallholder farmers. The company's mission is to develop a comprehensive Global Logistics Operating System that fosters trade and commerce across Africa and emerging markets.

Sierra Rutile

Venture Round in 2019
Sierra Rutile is a prominent mineral sands company based in Sierra Leone, operating a multi-mine facility that includes extensive assets in the Bonthe and Moyamba districts. It specializes in the extraction of rutile, offering both Standard Grade Rutile and Industrial Grade Rutile, along with high-grade ilmenite and zircon-in-concentrate. The company is actively expanding its rutile production capacity, which is complemented by increases in its by-products. With one of the largest natural rutile deposits globally, Sierra Rutile boasts a JORC-compliant resource exceeding 600 million tonnes at a concentration of 1.29% rutile. The company's primary products cater to various industrial applications, including pigments, metals, and welding materials. A significant portion of its revenue is generated from markets in Asia, followed by 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 is a donation network platform that specializes in digital fundraising for non-profit organizations. It provides a user-friendly platform that facilitates electronic donations, offering a diverse range of e-payment methods to ensure easy and efficient transfer of funds. Netsahem aims to empower non-profits, particularly those operating offline, by helping them expand their outreach and increase their fundraising capabilities. Through its innovative solutions, the company contributes to supporting people in need throughout the Egypt region.

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, established in 2015 with headquarters in Dubai and operations in Amman, specializes in distributed solar power generation for commercial and industrial customers across the Middle East and Africa. The company finances, designs, builds, operates, and maintains solar plants, enabling clients to adopt renewable energy solutions without upfront capital expenditure. Once operational, clients pay a monthly bill based on electricity produced. Yellow Door Energy aims to develop over 1 gigawatt of distributed solar capacity, demonstrating its commitment to sustainability and clean energy in the region.

Kobo360

Seed Round in 2018
Kobo360 is a digital logistics platform founded in 2017 and headquartered in Lagos, Nigeria. It connects manufacturers and cargo owners with truck operators, utilizing technology and data analytics to streamline haulage operations. By creating an integrated logistics ecosystem, Kobo360 aims to enhance supply chain efficiency and reduce costs for all stakeholders, including cargo owners, truck owners, and drivers. The platform addresses logistics challenges by offering real-time visibility, optimizing routes, and improving last-mile delivery. Additionally, Kobo360 is working to enter the agro-trading sector, facilitating a marketplace that directly links farmers with global buyers, thereby reducing reliance on middlemen and increasing profits for smallholder farmers. The company's mission is to develop a comprehensive Global Logistics Operating System that fosters trade and commerce across Africa and emerging markets.

Vezeeta

Series C in 2018
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, established in 2011. It facilitates connections between patients and healthcare providers across the Middle East and Africa, specifically in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. The platform allows patients to search for, compare, and book appointments with doctors, leveraging over 200,000 verified reviews to enhance decision-making. In addition to patient-facing services, Vezeeta offers innovative software solutions for healthcare providers, including clinic management tools that streamline operations and improve patient experiences. The platform also supports features such as live scheduling, automated medication reminders, and options for in-clinic, virtual, or at-home consultations, thereby empowering millions of patients to access and manage their healthcare efficiently.

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 developing upstream growth opportunities primarily in Egypt, while also exploring potential ventures across the broader Middle East and North Africa region. Apex is actively engaged in acquiring assets and making capital investments aimed at enhancing production and infrastructure. The company operates hydrocarbon fields in Egypt's Western Desert and is involved in exploration operations across two concessions encompassing 1.7 million acres. Led by a team of industry veterans, Apex seeks to build a substantial exploration and production business by pursuing opportunities ranging from producing assets to new developments and exploration initiatives facilitated by government agreements.

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 onsite and off-site solar solutions for corporate customers in India, specializing in a build-own-operate model. The company provides end-to-end clean energy services for the commercial and industrial sectors, focusing on renewable energy projects that include construction, financing, and operations and maintenance. CleanMax develops solar projects on a turnkey basis, ensuring that clients receive clean power at rates lower than grid tariffs without requiring any upfront investment. With a growing presence in India, the Middle East, and Southeast Asia, CleanMax aims to deliver sustainable energy solutions and facilitate the transition to renewable energy for its clients.

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 Nairobi-based company that specializes in building and operating metro fiber and Wi-Fi networks. Established in 2013 as an independent entity from Project Link of Google, CSquared focuses on enhancing connectivity in Uganda and Ghana. The company provides essential broadband infrastructure services that enable local Internet service providers and mobile network operators to deliver affordable Wi-Fi and broadband solutions to homeowners, small businesses, and mobile users. By leveraging shared infrastructure, CSquared aims to connect more people to the Internet and foster greater communication within these communities.

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 established in 2009, headquartered in South Africa with operations in Zambia, Malawi, and Mozambique. It specializes in developing products such as money transfers, electronic voucher payments, and agent payments, aiming to provide safe and reliable financial services to underserved communities across Africa. As of now, Zoona has processed over $2 billion in transactions, demonstrating its significant impact on the continent's financial landscape. The company has been recognized by notable organizations like The Nike Foundation and The Unreasonable Group for its potential to empower young entrepreneurs and help girls become entrepreneurs, thereby contributing to poverty alleviation efforts.

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 established in 2009, headquartered in South Africa with operations in Zambia, Malawi, and Mozambique. It specializes in developing products such as money transfers, electronic voucher payments, and agent payments, aiming to provide safe and reliable financial services to underserved communities across Africa. As of now, Zoona has processed over $2 billion in transactions, demonstrating its significant impact on the continent's financial landscape. The company has been recognized by notable organizations like The Nike Foundation and The Unreasonable Group for its potential to empower young entrepreneurs and help girls become entrepreneurs, thereby contributing to poverty alleviation efforts.

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, formally known as Emerging Markets Bond Exchange Ltd., is a company based in London with a development team in Istanbul. It operates the world's first electronic trading platform specifically designed for emerging market bonds. The platform facilitates the trading of publicly traded sovereign and corporate fixed-income securities from Central and Eastern Europe, the Middle East, and Africa (CEEMEA), covering both domestic and Eurobond debt within the London time zone. Embonds aims to provide a transparent, user-friendly, and accessible electronic platform that pools liquidity from various participants, including asset managers, local primary dealers, and global banks. This approach helps achieve tighter spreads on trades, which are expected to narrow further 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.com is Turkey's leading e-commerce platform, operating as a subsidiary of Dogan Online Holding Group. Founded in 1998, it initially focused on online orders for IT hardware before expanding its offerings under the Hepsiburada brand in 2000. Currently, it boasts over 17 million products across more than 35 categories, including clothing, beauty products, automotive supplies, and electronics. The platform attracts approximately 102 million total monthly visits and 32 million unique visitors from Turkey and surrounding regions. Hepsiburada leverages advanced technological and logistical infrastructure to enhance last-mile delivery and support its vendors in the digital economy. With a substantial operational center of 100,000 m2, it manages over 250,000 products and facilitates shipments exceeding 2 million items monthly. The company actively promotes female entrepreneurship by partnering with women-led businesses, providing them access to broader markets and opportunities within the e-commerce landscape.

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.

Afferolab

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, formally known as Emerging Markets Bond Exchange Ltd., is a company based in London with a development team in Istanbul. It operates the world's first electronic trading platform specifically designed for emerging market bonds. The platform facilitates the trading of publicly traded sovereign and corporate fixed-income securities from Central and Eastern Europe, the Middle East, and Africa (CEEMEA), covering both domestic and Eurobond debt within the London time zone. Embonds aims to provide a transparent, user-friendly, and accessible electronic platform that pools liquidity from various participants, including asset managers, local primary dealers, and global banks. This approach helps achieve tighter spreads on trades, which are expected to narrow further 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 hub for both local and international retailers, facilitating the introduction of various products into the African market. Its strategic design and layout cater to a diverse range of shopping needs, making it an essential destination for consumers 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 an innovative agricultural biotechnology company based in Lower Galilee, Israel, specializing in non-GMO genetic and breeding technologies to enhance plant productivity. The company's proprietary platform, known as EP™, is designed to improve the productivity and resource efficiency of food and energy crops through advanced breeding programs. Kaiima collaborates with global partners to develop new crop varieties tailored for sustainable agriculture. Additionally, the company is engaged in castor bean hybrid development and operates a subsidiary, Top Seeds, which focuses on high-quality vegetable variety development and marketing. Through its efforts, Kaiima aims to empower farmers by increasing crop yields and promoting sustainable agricultural practices.

Microvast

Series A in 2011
Microvast, Inc. 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 headquartered in Huzhou, China, with additional offices across the United States, Europe, the Middle East, and Africa, Microvast is recognized for its advanced cell technology and vertical integration capabilities. This integration spans the entire process from raw materials, including cathode, anode, electrolyte, and separator production, to the assembly of battery packs. The company focuses on ultra-fast charging and long-life battery power systems, emphasizing safety and performance across various market applications, including hybrid-electric vehicles. Microvast operates as a subsidiary of Microvast Power Systems (Huzhou) Co., Ltd.

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 Company, established in 2007 and headquartered in Al Bireh, Palestinian Authority, is engaged in offering, selling, and managing wireless telecommunication services for both personal and business use within the Palestinian Authority. Its comprehensive suite of services includes prepaid and postpaid packages, call-related features such as caller ID and conference calling, multimedia messaging services, mobile internet, and value-added services like voice mail and location information. The company also constructs and operates wireless telecommunication stations and telephone networks, providing 2G and 3G mobile services, and sells handsets through points of sale and a network of distributors and agents. Wataniya aims to be the leading communications provider, committed to delivering excellent customer service and being an attractive employer.

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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