Amethis Fund II S.C.A SICAR


Amethis II will provide growth capital to support companies to become national and regional market-leaders, primarily across francophone Africa and East Africa. In helping these businesses improve their processes, institutionalise and expand regionally, Amethis II will continue to prove the case to other investors for investing in medium sized businesses in Africa.

Expected impact

CDC's partnership with this fund is intended to play a key role in strengthening local and regional business ecosystems, both by fuelling economic growth and by building the investment fund infrastructure required to enable long term capital mobilisation into the region.

Environmental and social aspects

We continue to support the fund manager in the implementation of its Environmental and Social Management System (ESMS), particularly in managing  risks associated with their investment strategy

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Fund manager:
Amethis Investment Fund Managers
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

March 2019

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.


Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
VLH Ltd Active
Groupe Premium Active
Merec Industries Active