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 Kenya
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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