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 SADC

Balwin Properties

Post in 2025
Balwin Properties Limited is a prominent residential property developer in South Africa, specializing in the development and sale of sectional title apartments aimed at the low-to-middle market segments. Founded in 1989 and headquartered in Johannesburg, the company focuses on creating large-scale, environmentally efficient, and affordable living spaces that enhance residents' lifestyles. Balwin Properties is also involved in providing services to residential estates, earning revenue through apartment sales, bond commissions, and property rentals. Additionally, the company operates a fiber network infrastructure for electronic communication services and rents related products. With a commitment to quality and sustainability, Balwin Properties plays a significant role in the South African housing market.

Naked Insurance

Series B in 2025
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in providing short-term retail insurance products. The company aims to deliver a modern insurance experience characterized by transparency and simplicity, catering to the evolving needs of consumers in the insurance market.

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.

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.

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.

Nuru

Series B in 2023
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.

Seacom

Debt Financing in 2023
Seacom is a privately-funded company based in Ebene, Mauritius, that specializes in providing point-to-point transmission connectivity services through multiple subsea cable systems across Africa. Founded in June 2009, Seacom offers a range of services, including private line, internet protocol transit, Ethernet, and remote peering, facilitating connections between Africa, Europe, Asia, and the Middle East. The company primarily serves mobile and fixed network carriers, medium and large internet service providers, wholesale carriers, and content providers. Seacom's submarine fiber optic cable system enhances broadband connectivity for East African countries, enabling operators to develop complex connectivity solutions and expand their operations both regionally and internationally.

Naked Insurance

Series B in 2023
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in providing short-term retail insurance products. The company aims to deliver a modern insurance experience characterized by transparency and simplicity, catering to the evolving needs of consumers in the insurance market.

Lulalend

Series B in 2023
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!

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.

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.

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!

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.

Zoona

Venture Round in 2017
Zoona is a mobile technology company focused on providing financial services to underserved communities across Africa. Founded in 2009, it has established a robust distribution network that facilitates money transfers, electronic voucher payments, savings, credit, and bill payments primarily for unbanked customers. With operations in Zambia, Malawi, and Mozambique, Zoona leverages cutting-edge technology and a network of agents to ensure safe and reliable access to financial services. The company has processed over $2 billion in transactions and has received recognition from organizations such as The Nike Foundation and The Unreasonable Group for its impactful contributions to empowering young entrepreneurs and helping to alleviate poverty, particularly among girls.

Britam Holdings

Post in 2017
Britam Holdings Plc is a diversified financial services group based in Nairobi, Kenya, with operations extending across Eastern and Southern Africa, including countries like Uganda, Tanzania, Rwanda, South Sudan, Malawi, and Mozambique. The company is structured into five main segments: Long Term Insurance, Short Term Insurance, Asset Management, Property, and Corporate and Other. Britam provides a comprehensive array of financial products, including life, health, and general insurance, as well as pension plans, unit-linked products, and investment planning services. It also engages in property development, offering services related to the purchase, sale, and rental of real estate. Additionally, Britam manages discretionary and segregated investment portfolios and unit trust funds, serving both individual and corporate clients through various distribution channels. Founded in 1920, Britam remains a key player in the financial landscape of the region.

Mobisol

Series B in 2016
Mobisol GmbH is a Berlin-based company that specializes in the development and installation of solar home systems, aimed at providing clean and affordable electricity to low-income customers without access to conventional power sources. Founded in 2010, Mobisol offers modular solar energy solutions that power LED lights, radios, mobile phones, and various household appliances, along with productive use devices. The company combines solar technology with an innovative repayment scheme facilitated through mobile banking, making it accessible for its target market. With additional offices in Tanzania, Rwanda, and Kenya, Mobisol focuses on delivering a sustainable alternative to fossil fuels, enhancing energy access and promoting environmental sustainability in developing nations. As of October 31, 2019, Mobisol operates as a subsidiary of ENGIE SA.

Zoona

Series B in 2016
Zoona is a mobile technology company focused on providing financial services to underserved communities across Africa. Founded in 2009, it has established a robust distribution network that facilitates money transfers, electronic voucher payments, savings, credit, and bill payments primarily for unbanked customers. With operations in Zambia, Malawi, and Mozambique, Zoona leverages cutting-edge technology and a network of agents to ensure safe and reliable access to financial services. The company has processed over $2 billion in transactions and has received recognition from organizations such as The Nike Foundation and The Unreasonable Group for its impactful contributions to empowering young entrepreneurs and helping to alleviate poverty, particularly among girls.

ADvTECH

Post in 2016
ADvTECH Limited is a prominent education and training provider based in Sandton, South Africa. The company operates through three main divisions: Schools, Tertiary, and Resourcing. The Schools division delivers comprehensive educational services, including pre-primary, primary, and secondary education. The Tertiary division focuses on higher education, offering diploma, degree, and postgraduate programs through both traditional and distance learning methods. In addition, the Resourcing division specializes in staffing solutions, providing permanent, temporary, and contract placements across various sectors, including information technology, accounting and finance, engineering, and network services. ADvTECH stands out as a leader in quality education, skills development, and workforce placement in the region.

Tiger Resources

Post in 2015
Tiger Resources Ltd is an Australian company engaged in the discovery, development, and exploration of high-grade copper and cobalt deposits. It operates primarily in the Katanga Copper Belt, a significant mining region located in the Democratic Republic of Congo (DRC). With its headquarters in West Perth, Australia, Tiger Resources aims to capitalize on the rich mineral resources of this area, known for its substantial copper and cobalt reserves.

Zola Electric

Debt Financing in 2015
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.

Helios Towers Africa

Private Equity Round in 2014
Helios Towers Africa has operations in Ghana, Tanzania, the Democratic Republic of Congo and a sister company in Nigeria. The number of mobile subscribers in Africa has increased from just 16 million people in 2000 to over 500 million today. Based on these growth levels and without an increase in the sharing of telecoms tower facilities, the number of towers in Africa will need to double from the current number of 75,000, a significant environmental impact.

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.
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