Industrial Development Corporation

The Industrial Development Corporation (IDC) is a financial institution dedicated to promoting sustainable industrial development in Africa. It plays a crucial role in establishing industries across various sectors, including agriculture, livestock, forestry, tourism, manufacturing, mining, infrastructure, and financial services. IDC actively identifies investment opportunities that align with government policy objectives and serves as a catalyst for development by initiating projects independently or in partnership with private sector entities and other organizations focused on development. Through its initiatives, IDC aims to enhance economic growth and create a more robust industrial landscape in the region.

TP Nchocho

CEO

15 past transactions

Pele Energy Group

Venture Round in 2025
Pele Energy Group owns and runs renewable energy infrastructure in addition to providing economic and community development consulting services.

AMEA Power

Venture Round in 2024
AMEA Power is involved in the development, ownership, and operation of renewable energy projects, focusing on clean energy solutions across emerging markets, particularly in Africa. The company aims to enhance economic development and improve living standards by providing a diverse portfolio that includes thermal, wind, solar, battery storage, ammonia, and water desalination plants. By offering a variety of power solutions, AMEA Power seeks to meet the specific energy needs of the regions it serves, contributing to the global transition to clean energy while promoting environmental sustainability.

Pele Energy Group

Debt Financing in 2023
Pele Energy Group owns and runs renewable energy infrastructure in addition to providing economic and community development consulting services.

DataProphet

Series A in 2022
DataProphet is a technology company focused on enhancing the manufacturing industry through machine learning and artificial intelligence. It offers an autonomous manufacturing platform designed to improve quality and yield in various manufacturing processes. By utilizing advanced deep learning techniques, DataProphet's solutions analyze data from production line equipment to identify efficiencies, reduce defects, and minimize downtime. This approach allows manufacturers to optimize their operations and achieve significant improvements in productivity and operational effectiveness.

Swedish Stirling

Post in 2022
Swedish Stirling AB specializes in developing efficient energy solutions for electricity generation, leveraging a hybridized Stirling engine licensed from Kockums AB. The company's key products include the Ripasso Stirling Hybrid, which utilizes solar energy supplemented by additional fuel during nighttime, and the PWR BLOK, designed for the residual gas market. Through these innovations, Swedish Stirling aims to provide reliable and sustainable energy solutions to meet global energy demands.

DataProphet

Series A in 2020
DataProphet is a technology company focused on enhancing the manufacturing industry through machine learning and artificial intelligence. It offers an autonomous manufacturing platform designed to improve quality and yield in various manufacturing processes. By utilizing advanced deep learning techniques, DataProphet's solutions analyze data from production line equipment to identify efficiencies, reduce defects, and minimize downtime. This approach allows manufacturers to optimize their operations and achieve significant improvements in productivity and operational effectiveness.

Clariter

Series A in 2019
Clariter is a global clean-tech company based in Luxembourg, established in 2003, that specializes in upcycling plastic waste into high-value products such as solvents, oils, and waxes. The company addresses the increasing demand for sustainable disposal solutions for non-perishable polyolefin plastics while reducing reliance on crude oil. Clariter employs a patented carbon-negative process, offering an innovative alternative to traditional chemical recycling methods. Its products serve various industries, including paint, plastics, coatings, and toiletries, thereby contributing to a more sustainable future by transforming plastic waste into advanced chemical products.
Agribank(Agricultural Bank of Zimbabwe) missio is to provide competitive financial services for the prosperity of the Bank, customers and other stakeholders through a committed, motivated and well-resourced work force.Their vision is to be a leading provider of financial services in Zimbabwe and beyond .The Agricultural Bank of Zimbabwe, trading as Agribank, evolved from the Land and Agricultural Bank (LAB) of 1924 of the then Government of Southern Rhodesia and through the Agricultural Finance Corporation (AFC) which was established in 1971 by various Acts of Parliament .

Zambia Airways

Corporate Round in 2018
Zambia Airways Corporation was the flag carrier of the Republic of Zambia.

Domestly

Series A in 2017
Domestly is a company that transforms home cleaning services by using technology to connect cleaning professionals directly with homeowners. Its on-demand marketplace application allows consumers to select home cleaners based on their experience and recent reviews, making housekeeping services more affordable and accessible. The platform also empowers cleaners by enabling them to confirm job requests and manage their work schedules easily. Through this innovative approach, Domestly not only enhances the cleaning experience for homeowners but also creates business opportunities for cleaning professionals.

SMILE Telecoms Holdings

Debt Financing in 2015
SMILE Telecoms is a broadband provider company. Founded in 2007, Smile Telecoms says it has more than 300 million potential customers in Nigeria, Tanzania, Uganda, and the DR Congo. Internet penetration in all four of Smile’s markets is still low so increasing the availability of speedy mobile connections can help more people go online, especially when combined with increased smartphone ownership.

Nomanini

Series B in 2014
Nomanini operates a payment platform aimed at connecting the informal retail ecosystem with digital finance opportunities. The platform facilitates interactions between informal retailers, service providers, distributors, and manufacturers through an interoperable merchant wallet. This wallet enables transactions that generate valuable data for loans, savings accumulation, and business intelligence, ultimately enhancing profitability for all stakeholders involved. By transforming any mobile device into a point-of-sale system, Nomanini allows merchants to efficiently manage micropayments and a variety of digital banking services, thereby increasing their access to consumers in the informal market.

Nomanini

Pre Seed Round in 2011
Nomanini operates a payment platform aimed at connecting the informal retail ecosystem with digital finance opportunities. The platform facilitates interactions between informal retailers, service providers, distributors, and manufacturers through an interoperable merchant wallet. This wallet enables transactions that generate valuable data for loans, savings accumulation, and business intelligence, ultimately enhancing profitability for all stakeholders involved. By transforming any mobile device into a point-of-sale system, Nomanini allows merchants to efficiently manage micropayments and a variety of digital banking services, thereby increasing their access to consumers in the informal market.
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