U.S. International Development Finance Corp

The U.S. International Development Finance Corporation (DFC) serves as America's development bank, focusing on financing solutions to pressing challenges in the developing world. DFC collaborates with the private sector to invest in projects that foster job creation in emerging markets across various sectors, including energy, healthcare, critical infrastructure, telecommunications, and support for small businesses and women entrepreneurs. The corporation is committed to adhering to high standards that prioritize environmental sustainability, human rights, and worker rights in all its investments.

Maryam Khosharay

Vice President

Past deals in Sub Saharan Africa

Ilara Health

Debt Financing in 2025
Ilara Health is a company based in Nairobi, Kenya, founded in 2018, that specializes in the development and distribution of AI-powered diagnostic devices aimed at primary care doctors in peri-urban and rural clinics. The company's innovative technology platform integrates miniature diagnostic devices with software that connects to an electronic medical record system, allowing healthcare providers to efficiently manage patient data. By focusing on accurate and affordable diagnostics, Ilara Health seeks to enhance healthcare accessibility and quality for rural populations in Africa, addressing the challenges posed by a fragmented healthcare infrastructure.

Syrah Resources

Post in 2025
Syrah Resources Limited is an Australian resource company focused on the exploration, evaluation, and development of mineral properties, primarily in Mozambique. The company's flagship project is the Balama graphite and vanadium project, located in the Cabo Delgado province. Through its Balama segment, Syrah Resources produces and sells natural flake graphite, which is distributed globally to various markets, including Europe, China, India, and the Americas. In addition to flake graphite, the company has developed a downstream strategy to produce natural spherical graphite, utilized in anodes for lithium-ion batteries and recarburiser products for steelmaking and other industrial applications. Founded in 2007, Syrah Resources is headquartered in Melbourne, Australia.

Institut Pasteur de Dakar

Debt Financing in 2024
The Institut Pasteur de Dakar Foundation (IPD) is a non-profit association of public utility, concerned with promoting public health and well-being in West Africa. Since its founding in 1896 by one of Louis PASTEUR's disciples, Émile Marcoux, the IPD has been at the forefront of the fight against infectious diseases. Since 2009, the Institut Pasteur de Dakar has been a Senegalese foundation, jointly managed by the government of Senegal and the Institut Pasteur (Paris).

BasiGo

Debt Financing in 2024
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a sustainable alternative to diesel. The company operates under a pay-as-you-go model, which includes maintenance and battery charging services, facilitating the transition for bus owners to adopt electric vehicles. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven battery technology that offers a reliable and economical solution amidst rising diesel costs. By making electric buses more accessible, BasiGo aims to enhance the efficiency of public transport while contributing to environmental sustainability.

Inputi

Venture Round in 2024
Inputi is an online marketplace based in Kampala, Uganda, designed to connect smallholder farmers with quality and affordable farm supplies. The company aggregates and distributes essential agricultural inputs such as fertilizers, fungicides, and pesticides, allowing farmers to access a diverse range of products through a single digital platform. In addition to its marketplace services, Inputi offers insurance coverage to protect farmers against unforeseen circumstances, further supporting their agricultural endeavors. By facilitating access to genuine inputs at competitive prices, Inputi aims to enhance the productivity and resilience of smallholder farmers in the region.

Pezesha

Grant in 2024
Pezesha is a digital financial marketplace based in Nairobi, Kenya, founded in 2016. The company focuses on connecting small and medium-sized businesses (SMBs) to various financial resources, including working capital, float financing, and LPO financing. By leveraging credit and data analytics, Pezesha facilitates affordable credit options for underserved micro-businesses, enabling them to access the formal financial system. The platform serves as a bridge between lenders and low-income borrowers, promoting a shared economy and broadening financial access for SMBs. Through its innovative approach, Pezesha aims to be a leading player in Africa's digital financial landscape, enhancing the growth potential of small businesses across the region.

Indorama Fertilizers

Debt Financing in 2024
Indorama Fertilizers operates a world-class, 1.4 million metric tonnes per annum urea manufacturing facility based in Port Harcourt, Nigeria. The plant has been developed to global environmental, social and construction standards. It plays a key role in supporting the agricultural sector in Nigeria by providing a reliable supply of fertilizers for local farmers, thereby enabling import substitution and supporting the diversification needs of the Nigerian economy. Indorama Fertilizers is also advantageously located to serve neighboring West African countries and key Western hemisphere markets, including North America, South America and Europe

Copia Global

Series C in 2023
Copia Global Inc. is an e-commerce company based in Nairobi, Kenya, founded in 2013. It provides an innovative application that allows users to browse and order products from local shopkeepers, facilitating access to a wide range of quality goods for consumers in the developing world. The platform is designed to empower middle to low-income Africans by enabling them to make purchases without needing direct internet access. Copia Global leverages mobile technologies and a network of local agents to serve as distribution points, ensuring efficient delivery of products at consumers' convenience. The application also incorporates a mobile payment system, allowing shopkeepers to fulfill customer orders seamlessly.

Husk Power Systems

Series D in 2023
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

Blencowe Resources

Grant in 2023
Blencowe Resources plc, incorporated in 2017 and based in Rugby, United Kingdom, is focused on the exploration and development of the Orom Graphite Project located in the Republic of Uganda. The company holds mining licenses for an extensive area of approximately 520,000 hectares, with a commitment to advancing the project's potential. Originally known as Cora Gold Limited, Blencowe Resources aims to strategically acquire additional companies or business ventures to enhance its operations and growth trajectory within the mining sector.

Blencowe Resources

Grant in 2023
Blencowe Resources plc, incorporated in 2017 and based in Rugby, United Kingdom, is focused on the exploration and development of the Orom Graphite Project located in the Republic of Uganda. The company holds mining licenses for an extensive area of approximately 520,000 hectares, with a commitment to advancing the project's potential. Originally known as Cora Gold Limited, Blencowe Resources aims to strategically acquire additional companies or business ventures to enhance its operations and growth trajectory within the mining sector.

Kentegra Biotechnology Holdings

Venture Round in 2023
Kentegra Biotechnology Holdings is a leading U.S-Kenyan company that supports a Kenyan-based biopesticide processing business that aggregates, extracts, and refines pale refine extract (PRE) from the pyrethrum flower, and sells the PRE to formulators across the world. Kentegra is committed to improving farmer’s livelihoods by investing in the communities where we are working to help farmers and their families have a more stable income and better quality of life. Grants: Norad 2021, AgriFi 2020, USAID 2020, USAID 2019, DEG 2020, DEG 2019

Kasha

Series B in 2023
Kasha is a Rwanda-based e-commerce platform established in 2015, with an additional office in Nairobi, Kenya, dedicated to improving access to health and personal care products for women in East Africa. The company offers a wide range of products that cater to various aspects of women's health, including beauty care, menstrual hygiene, and sexual and reproductive health. Its product lineup includes bath and body items, menstrual care products such as sanitary pads and menstrual cups, contraceptives, pharmaceuticals, and mom and baby care items. Kasha’s innovative approach serves both urban and rural populations, ensuring that women have access to essential health products at all stages of life, including maternal health and disease prevention. The company emphasizes the importance of accessibility and affordability in promoting overall health and well-being for women in the region.

JCM Power

Debt Financing in 2022
JCM Power Corporation, established in 2009 and headquartered in Toronto, Canada, is an independent power producer (IPP) specializing in the development and operation of renewable energy projects globally. With regional offices in Mexico, South Africa, and Pakistan, the company focuses on solar photovoltaic and wind energy projects, along with high-voltage direct current (HVDC) transmission lines, primarily in Africa, Latin America, and South Asia. JCM Power's expertise, honed through over a decade of experience and 70 projects in Canada, enables it to successfully develop renewable energy solutions in emerging markets with high demand but limited experience in the sector. The company is currently expanding its portfolio to include multi-billion dollar clean power projects.

Africa Data Centres

Debt Financing in 2022
Africa Data Centres is a leading network of interconnected, carrier and cloud-neutral data centre facilities across the African continent. The company provides essential infrastructure for digital transformation, offering rapid and secure data centre services and interconnections for businesses. With strategically located facilities in major regional trade hubs, Africa Data Centres enables both African and international companies to host their critical applications and data securely. Notably, the East Africa Data Centre, situated at Sameer Industrial Park in Nairobi, is optimally positioned to connect to a wide range of carrier networks and long-distance fibre routes, ensuring reliable access to multiple markets, including Uganda, Tanzania, Rwanda, Burundi, Ethiopia, and Somalia. This strategic location makes it an ideal choice for businesses seeking robust data hosting solutions in East Africa.

Access Bank

Post in 2022
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Copia Global

Series C in 2022
Copia Global Inc. is an e-commerce company based in Nairobi, Kenya, founded in 2013. It provides an innovative application that allows users to browse and order products from local shopkeepers, facilitating access to a wide range of quality goods for consumers in the developing world. The platform is designed to empower middle to low-income Africans by enabling them to make purchases without needing direct internet access. Copia Global leverages mobile technologies and a network of local agents to serve as distribution points, ensuring efficient delivery of products at consumers' convenience. The application also incorporates a mobile payment system, allowing shopkeepers to fulfill customer orders seamlessly.

Apollo Agriculture

Debt Financing in 2021
Apollo Agriculture, established in 2015, is a Kenyan agtech company with a presence in Nairobi. It specializes in providing smallholder farmers with access to critical farming inputs, financing, and advisory services. The company leverages agronomic machine learning, remote sensing, and mobile technology to assess credit risk and tailor financial and technical assistance to each farmer's unique needs and location. This approach aims to enhance farm yields and profitability in emerging markets, with a focus on Kenya.

Ampersand

Debt Financing in 2021
Ampersand is a company based in Kigali, Rwanda, that specializes in the manufacture of affordable electric vehicles and charging systems tailored for the three million motorcycle taxi drivers in East Africa. The company aims to enhance mass-market electric mobility by providing a battery swap network and an operating system that facilitates sustainable transport solutions. By making electric mobility accessible and affordable, Ampersand not only improves the livelihoods of drivers but also contributes to environmental sustainability. As of January 2024, the company's customer base has expanded to 2,000 users, who collectively cover 1.5 million kilometers weekly in Nairobi and Kigali.

Africa Healthcare Network

Debt Financing in 2021
Africa Healthcare Network (AHN) is a pioneering provider of dialysis services in Sub-Saharan Africa, establishing the first chain of dialysis centers in the region. The organization focuses on delivering high-quality, life-saving dialysis treatment at affordable prices, addressing the critical shortage of accessible care for patients suffering from Acute Kidney Injury (AKI) and End-Stage Renal Disease (ESRD). With a commitment to improving healthcare in a region faced with limited resources and a rising prevalence of Chronic Kidney Disease (CKD) due to urbanization and lifestyle diseases, AHN combines global technical expertise with practical operational experience. The organization aims to enhance the quality of care while reducing costs for patients by securing high-quality equipment, training healthcare professionals, and optimizing operational efficiency. Operating in Rwanda, Tanzania, and Kenya, AHN seeks to increase patient access to essential dialysis services, fostering better health outcomes and providing a sustainable business model.

Africell

Debt Financing in 2021
Africell, established in 2001, is a prominent mobile telecommunications operator in Africa, focusing on connecting and empowering local communities in its markets. With a commitment to traditional African values, Africell has become the leading provider in Gambia and Sierra Leone, while also expanding its presence in the Democratic Republic of the Congo and Uganda, where it acquired Orange Uganda. The company offers a range of services, including 2G, 3G, and plans for LTE, catering to the diverse needs of its subscribers. By the end of 2016, Africell had reached a total of 11 million active subscribers across its operations. The company emphasizes community engagement and aims to enhance connectivity across the regions it serves.

Kasha

Venture Round in 2021
Kasha is a Rwanda-based e-commerce platform established in 2015, with an additional office in Nairobi, Kenya, dedicated to improving access to health and personal care products for women in East Africa. The company offers a wide range of products that cater to various aspects of women's health, including beauty care, menstrual hygiene, and sexual and reproductive health. Its product lineup includes bath and body items, menstrual care products such as sanitary pads and menstrual cups, contraceptives, pharmaceuticals, and mom and baby care items. Kasha’s innovative approach serves both urban and rural populations, ensuring that women have access to essential health products at all stages of life, including maternal health and disease prevention. The company emphasizes the importance of accessibility and affordability in promoting overall health and well-being for women in the region.

Copia Global

Venture Round in 2020
Copia Global Inc. is an e-commerce company based in Nairobi, Kenya, founded in 2013. It provides an innovative application that allows users to browse and order products from local shopkeepers, facilitating access to a wide range of quality goods for consumers in the developing world. The platform is designed to empower middle to low-income Africans by enabling them to make purchases without needing direct internet access. Copia Global leverages mobile technologies and a network of local agents to serve as distribution points, ensuring efficient delivery of products at consumers' convenience. The application also incorporates a mobile payment system, allowing shopkeepers to fulfill customer orders seamlessly.

Kasha

Venture Round in 2020
Kasha is a Rwanda-based e-commerce platform established in 2015, with an additional office in Nairobi, Kenya, dedicated to improving access to health and personal care products for women in East Africa. The company offers a wide range of products that cater to various aspects of women's health, including beauty care, menstrual hygiene, and sexual and reproductive health. Its product lineup includes bath and body items, menstrual care products such as sanitary pads and menstrual cups, contraceptives, pharmaceuticals, and mom and baby care items. Kasha’s innovative approach serves both urban and rural populations, ensuring that women have access to essential health products at all stages of life, including maternal health and disease prevention. The company emphasizes the importance of accessibility and affordability in promoting overall health and well-being for women in the region.

Bayport Management

Post in 2020
Bayport Management Ltd is a financial services company headquartered in Ebene, Mauritius, with operations extending across several countries, including Botswana, Colombia, Ghana, Mexico, Mozambique, South Africa, Tanzania, Uganda, and Zambia. Established in 2001, the company specializes in offering a range of retail financial products, including personal loans, savings accounts, flexible deposits, and transaction accounts. Additionally, Bayport provides innovative banking solutions such as mobile banking, e-wallets, payment kiosks, and ATM services. The company also offers various insurance products, including credit insurance and plans for education, hospital, and funeral coverage. Bayport Management generates revenue primarily through interest income and administration fees associated with its financial services.
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