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.

Joanne Bate

Chief Operations Officer

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 a company focused on the development, ownership, and operation of renewable energy projects, aiming to facilitate the transition to clean energy. It operates a diverse portfolio that includes thermal, wind, solar, battery storage, ammonia, and water desalination plants. By providing a variety of power solutions, AMEA Power seeks to support economic development and enhance living standards, particularly in emerging markets across Africa and other regions. The company is committed to delivering reliable and sustainable energy to meet the needs of the communities it serves, contributing to both environmental sustainability and economic growth.

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.

Pele Green Energy

Debt Financing in 2023
Pele Green Energy is an Independent Power Producer specializing in developing, owning, procuring, building, and operating renewable energy power projects. These include Small Scale Embedded Generation and utility-scale power plants. As a leading South African IPP, Pele focuses on driving structural change through innovative renewable energy projects, reshaping the national grid, reducing dependency on conventional energy sources, and supporting long-term ecological and economic growth.

Giyani Metals

Post in 2023
Giyani Metals Corp is a Canadian company focused on the exploration and development of battery-grade manganese assets, primarily located in Botswana. The company's key project is the K.Hill project within the Kanye Basin, which aims to supply high-grade manganese necessary for lithium-ion battery cathodes. As the demand for lithium-ion batteries continues to rise, driven by advancements in electric vehicles and renewable energy storage, the need for high-grade manganese is becoming increasingly critical. Giyani is also constructing a demonstration plant in South Africa to support its operations. With a global shortage of manganese projects, Giyani Metals is well-positioned to capitalize on the growing market, as manganese prices are trending towards record highs.

DataProphet

Series A in 2022
DataProphet is a Cape Town-based company that develops machine learning and AI solutions to optimize and control manufacturing processes. It offers consulting and product development services across industries, and its platform analyzes data streams from production lines to identify process inefficiencies and uplift yields. Its product suite includes OMNI, which predicts defects and quality errors and prescribes optimal process variables to improve yields, and Mentat, an AI-enabled agent that learns from operations, provides automated responses, and escalates to human experts when needed. DataProphet's autonomous manufacturing platform applies deep learning to reduce defects, scrap, and downtime, enabling clients to achieve higher quality and efficiency on the factory floor.

Swedish Stirling

Post in 2022
Swedish Stirling specializes in developing and delivering highly efficient energy solutions for electricity generation on a global scale. The company manufactures energy conversion systems, utilizing proprietary Stirling engine technology, to repurpose waste heat into renewable power. This enables heavy industry operators to lower operational emissions and improve energy utilization.

DataProphet

Series A in 2020
DataProphet is a Cape Town-based company that develops machine learning and AI solutions to optimize and control manufacturing processes. It offers consulting and product development services across industries, and its platform analyzes data streams from production lines to identify process inefficiencies and uplift yields. Its product suite includes OMNI, which predicts defects and quality errors and prescribes optimal process variables to improve yields, and Mentat, an AI-enabled agent that learns from operations, provides automated responses, and escalates to human experts when needed. DataProphet's autonomous manufacturing platform applies deep learning to reduce defects, scrap, and downtime, enabling clients to achieve higher quality and efficiency on the factory floor.

Clariter

Series A in 2019
Clariter is a global clean-tech company established in 2003 and headquartered in Luxembourg, specializing in the upcycling of plastic waste into high-value solvents, oils, and waxes. Utilizing proprietary technology, Clariter addresses the pressing issue of non-perishable polyolefin disposal while contributing to a reduction in reliance on crude oil. The company's innovative approach provides an alternative to traditional chemical recycling technology, enabling the production of sustainable petrochemicals for various industries, including paint, plastics, coatings, and toiletries. Through its patented carbon-negative process, Clariter helps clients convert plastic waste into advanced chemical products, aligning with the growing demand for environmentally responsible solutions.

Agribank(Agricultural Bank of Zimbabwe)

Debt Financing in 2018
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 enhances home cleaning services by leveraging technology to connect cleaning professionals directly with homeowners. It provides an on-demand marketplace application that allows consumers to select professional cleaners based on their experience and recent reviews. This platform not only makes housekeeping more affordable and accessible but also creates business opportunities for cleaners. The application enables cleaners to confirm job requests and efficiently manage their work schedules, streamlining the process for both parties. Through its innovative approach, Domestly aims to transform how cleaning services are delivered and experienced.

SMILE Telecoms Holdings

Debt Financing in 2015
Smile Telecoms Holdings Limited is a telecommunications company that provides broadband Internet access and communication services across Africa. Founded in 2007 and headquartered in Port Louis, Mauritius, the company operates in several countries, including Nigeria, Tanzania, Uganda, the Democratic Republic of Congo, and South Africa. Smile offers mobile broadband Internet, voice, and messaging services through its advanced long-term evolution broadband network. The company also markets WiFi routers, MiFi routers for multiple users, and USB dongles for single users, catering to a diverse clientele that includes small and medium enterprises, households, and individuals. With a significant potential customer base and growing smartphone ownership in its markets, Smile Telecoms aims to enhance Internet accessibility and connectivity across the region.

Nomanini

Series B in 2014
Nomanini's platform connects informal retailers with service providers, consumer wallets, distributors, and manufacturers via an interoperable merchant wallet. This facilitates transactions that generate data for loans, savings accumulation, and business intelligence, benefiting all participants.

Nomanini

Pre Seed Round in 2011
Nomanini's platform connects informal retailers with service providers, consumer wallets, distributors, and manufacturers via an interoperable merchant wallet. This facilitates transactions that generate data for loans, savings accumulation, and business intelligence, benefiting all participants.
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