International Finance Corporation
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.
Westfalia Fruit is a multinational supplier of fresh fruit and related processed products to international markets. Part of the Hans Merensky Holdings Group, Westfalia grows, sources and ripens, packs, processes and markets sustainably-grown avocados year round. Its vertically-integrated supply chain enables Westfalia to market quality fruit from across the globe.
Absa Group Limited is a prominent financial services provider based in Johannesburg, South Africa, offering a diverse range of products and services both locally and internationally. The company specializes in personal and business banking, corporate and investment banking, as well as wealth and investment management. Its offerings include residential property finance, vehicle and asset finance, credit cards, personal loans, and a variety of insurance products. Absa also provides commercial property finance, agricultural loans, and a suite of transactional banking options, including savings and investment services. Additionally, the bank offers investment banking services, private equity, and corporate banking products, along with life insurance and fiduciary services. Absa's commitment to serving individual, enterprise, and commercial customers is evident through its comprehensive financial solutions, which include treasury services and cash management. The company was previously known as Barclays Africa Group Limited before rebranding to Absa Group Limited in May 2018.
Adumo is a privately held independent payment service provider.
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.
Zenith Bank Plc, established in May 1990 and headquartered in Lagos, Nigeria, is a leading commercial bank and the largest in the country by tier-1 capital. It became a public limited company in 2004 and is listed on the Nigerian Stock Exchange. With a shareholder base of approximately one million, Zenith Bank operates over 500 branches across Nigeria. The bank has expanded its presence internationally, with subsidiaries in Ghana, Sierra Leone, and Gambia, as well as a UK subsidiary, Zenith Bank (UK) Limited, which offers various financial services including asset management and trade finance. Zenith Bank also has representative offices in South Africa and China, and it aims to further extend its brand across other African countries and into European and Asian markets.
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!
Zoona is a mobile technology company focused on delivering financial services to underserved communities across Africa. It operates an interoperable distribution network that facilitates money transfers, electronic voucher payments, agent payments, savings, credit, and bill payments. By leveraging a network of widespread agents, Zoona aims to provide safe and reliable access to financial services for predominantly unbanked customers, enabling them to participate in the financial system and improve their economic well-being.
Zoona is a mobile technology company focused on delivering financial services to underserved communities across Africa. It operates an interoperable distribution network that facilitates money transfers, electronic voucher payments, agent payments, savings, credit, and bill payments. By leveraging a network of widespread agents, Zoona aims to provide safe and reliable access to financial services for predominantly unbanked customers, enabling them to participate in the financial system and improve their economic well-being.
ADvTECH Limited operates in South Africa, focusing on education, training, and staff placement services. It comprises three main divisions: Schools, Tertiary, and Resourcing. The Schools division delivers pre-primary, primary, and secondary education, while the Tertiary division provides diploma, degree, and postgraduate programs through both face-to-face and distance learning formats. The Resourcing division specializes in staffing solutions, offering permanent, temporary, and contract placements across various sectors, including engineering, finance, and information technology. ADvTECH is headquartered in Sandton and plays a significant role in enhancing human capacity development in the private sector.
Private Equity Round in 2016
Lekela Power B.V. is a renewable energy generation platform focused on delivering utility-scale wind and solar projects across Africa. Founded in 2015 and headquartered in Amsterdam, the company operates in countries such as Egypt, Ghana, South Africa, and Senegal. Lekela Power develops, constructs, and manages a portfolio of renewable energy projects that supply clean energy to a range of consumers, including government entities, utilities, and large-scale industrial users. By providing secure and reliable renewable energy, Lekela Power aims to support the continent's growth and development while contributing to the transition toward sustainable energy sources. The company operates as a subsidiary of Mainstream Renewable Power Limited.
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