International Finance Corporation (IFC), established in 1956 and headquartered in Washington, District of Columbia, is the private equity and venture capital arm of The World Bank Group. It focuses on fostering sustainable economic growth in developing countries by financing private sector investments and mobilizing capital in international financial markets. IFC provides a wide range of financial products, including loans, equity, quasi-equity, and advisory services, targeting sectors such as agriculture, forestry, financial services, education, healthcare, infrastructure, manufacturing, retail, tourism, and technology. The organization aims to support businesses and financial institutions in emerging markets to create jobs, improve corporate governance, and enhance environmental performance. IFC typically invests between $1 million and $100 million, often taking minority stakes but preferring majority ownership in its portfolio companies. It does not engage directly in the management of its investments and usually exits through domestic stock markets or other arrangements after several years. By focusing on initiatives that benefit underserved communities, IFC contributes to local economic development and improves the quality of life for people in developing regions.
M-Kopa Kenya Limited is a leading provider of solar home systems, specializing in pay-as-you-go energy services for off-grid customers. Founded in 2011 and based in Nairobi, Kenya, M-Kopa began commercial operations in 2012 and has since expanded its reach to Uganda and Tanzania. The company offers a range of solar products, including systems that provide lighting, phone charging, and solar-powered radios, which are sold through over 1,000 retail agents and shops. M-Kopa utilizes a proprietary technology platform that integrates mobile payments and IoT connectivity, allowing customers without credit histories to access essential products and services. With a dedicated team of over 500 staff, the company is committed to delivering innovative solutions that meet the needs of underserved communities, continually improving its offerings through data-driven insights and customer relationship management.
The Avenue Group is a healthcare provider based in Nairobi, Kenya, focused on delivering high-quality, affordable, and accessible medical services. The organization encompasses several entities, including Avenue Hospital, Avenue Healthcare, Avenue Homecare, and Avenue Rescue Services. Collectively, these facilities offer a range of services, such as home care, rescue operations, managed care, dental services, laboratory testing, physiotherapy, and both medical and surgical treatments. Through its various offerings, the Avenue Group aims to meet the diverse healthcare needs of the community it serves.
Equity Bank Kenya is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya, the central bank, and national banking regulator. Equity Bank Kenya Limited was incorporated in 2014 as a result of the corporate restructure of Equity Group Holdings Limited.
Liquid Telecom is an independent data, voice, and IP provider that commits to build a digital future. Liquid Telecom has built Africa’s largest single fibre network, currently stretching over 18,000km across Uganda, Kenya, Rwanda, Zambia, Zimbabwe, Botswana, DRC, Lesotho and South Africa. The award-winning Pan-African fibre network covers Africa’s fastest growing economies, where no fixed network has existed before.
Twiga Foods Ltd. is a mobile-based supply platform that connects farmers and vendors in Africa's retail sector. Founded in 2013 and headquartered in Nairobi, Kenya, the company serves small and medium-sized retail outlets, kiosks, and market stalls by enabling them to order a variety of fresh produce, including bananas, pineapples, and tomatoes, through a cashless business-to-business platform. By bridging the gap between farmers and vendors, Twiga Foods aims to enhance access to quality food at competitive prices, thereby improving profit margins for both parties. The platform facilitates efficient distribution, making it easier for vendors to stock their businesses with necessary supplies while supporting local agriculture.
Equity Bank Kenya is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya, the central bank, and national banking regulator. Equity Bank Kenya Limited was incorporated in 2014 as a result of the corporate restructure of Equity Group Holdings Limited.
Twiga Foods Ltd. is a mobile-based supply platform that connects farmers and vendors in Africa's retail sector. Founded in 2013 and headquartered in Nairobi, Kenya, the company serves small and medium-sized retail outlets, kiosks, and market stalls by enabling them to order a variety of fresh produce, including bananas, pineapples, and tomatoes, through a cashless business-to-business platform. By bridging the gap between farmers and vendors, Twiga Foods aims to enhance access to quality food at competitive prices, thereby improving profit margins for both parties. The platform facilitates efficient distribution, making it easier for vendors to stock their businesses with necessary supplies while supporting local agriculture.
Twiga Foods Ltd. is a mobile-based supply platform that connects farmers and vendors in Africa's retail sector. Founded in 2013 and headquartered in Nairobi, Kenya, the company serves small and medium-sized retail outlets, kiosks, and market stalls by enabling them to order a variety of fresh produce, including bananas, pineapples, and tomatoes, through a cashless business-to-business platform. By bridging the gap between farmers and vendors, Twiga Foods aims to enhance access to quality food at competitive prices, thereby improving profit margins for both parties. The platform facilitates efficient distribution, making it easier for vendors to stock their businesses with necessary supplies while supporting local agriculture.
Africa's Talking Ltd. is an information technology company based in Nairobi, Kenya, founded in 2010 by Eston Kimani and Samuel Gikandi. The firm specializes in providing communication solutions that enhance connectivity across Africa, focusing on mobile messaging services. It offers a range of services including bulk SMS, short codes, premium SMS, USSD, MMS, and customized mobile messaging solutions tailored for individuals, businesses, and developers. The company provides tools such as a mini-API for data access and SMSVoices.com, a platform for sharing information via SMS and online posts. By integrating reliable two-way SMS, voice, and USSD functionality, Africa's Talking enables users to streamline their mobile communication processes, thus supporting a burgeoning entrepreneurial ecosystem across the continent.
CSquared is a company based in Nairobi, Kenya, that specializes in building and operating metro fiber and Wi-Fi networks. Founded in 2013 from Google's Project Link, CSquared aims to assist local Internet service providers and mobile network operators in expanding their reach and improving connectivity for homeowners, small businesses, and mobile users in Uganda and Ghana. By focusing on wholesale broadband infrastructure services, CSquared enables these providers to deliver Wi-Fi and broadband services more efficiently and at lower costs through shared metro fiber infrastructure.
Britam is a diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region. The company offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. The product range includes: life, health and general insurance, pensions, unit trusts, investment planning, wealth management, off-shore investments, retirement planning, discretionary portfolio management, Property development and private Equity.
Mobisol GmbH, founded in 2010 and based in Berlin, Germany, specializes in developing and installing solar home systems to provide electricity to underserved low-income customers in developing nations. The company offers solutions that power LED lights, radios, mobile phones, and various household appliances, while also promoting productive use appliances. Mobisol's innovative approach combines solar energy with an affordable mobile payment plan, making it accessible for those living without electricity. The company emphasizes comprehensive customer service and utilizes remote monitoring technology to ensure reliable performance. With additional offices in Tanzania, Rwanda, and Kenya, Mobisol operates as a subsidiary of ENGIE SA, focusing on delivering clean and affordable energy alternatives to fossil fuels.
Haltons Limited operates Haltons Pharmacy, a retail pharmacy chain in Kenya that focuses on providing accessible and affordable pharmacy care. The company is dedicated to delivering high-quality pharmaceutical products, including both prescription and non-prescription medications. Haltons Pharmacy strategically positions its retail outlets in high-traffic residential areas to maximize customer access and cater to the needs of the average Kenyan consumer. Through its network of pharmacies, Haltons Limited aims to ensure that healthcare products are readily available to the community, reflecting its commitment to dignified care.
MIC Global
Venture Round in 2014
MIC Global is a full-stack embedded micro insurance provider purpose-built to transform the insurance industry by reimagining and integrating simple and relevant insurance products that provide protection for people so that they can provide for their families and recover swiftly. We were founded with an aspirational goal to help close the insurance protection gap by providing inclusive and affordable insurance to people and to support them in their time of need.
Bridge International Academies operates primary schools focused on providing education to underprivileged children. Founded in 2007 and based in Nairobi, Kenya, the organization offers services that align with national curricula and emphasizes comprehensive teacher training and development programs. Utilizing advanced wireless technology, Bridge International Academies aims to deliver quality education at no cost to students, fostering opportunities for a brighter future for those in underserved communities.
eleni LLC is a developer of commodity exchange platforms, focused on transforming markets in frontier regions of Africa. Based in Nairobi, Kenya, the company specializes in building end-to-end exchange ecosystems that significantly impact the livelihoods of rural communities. It offers a comprehensive technology suite that includes various business applications for commodity markets, alongside essential services for implementing exchange projects. These services encompass legal and regulatory frameworks, warehouse receipt systems, electronic central depositories, automated clearinghouses, trade matching, and real-time mobile market data. Additionally, eleni manages logistics for delivery, membership, training, and certification, while ensuring market surveillance, compliance enforcement, and risk management. Through its initiatives, eleni aims to enhance accessibility to commodity exchanges, ultimately improving the economic conditions for millions in rural areas.
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