ECP Africa Fund II PCC (formerly EMP Africa II)

Democratic Republic of Congo, South Africa, Liberia, Nigeria, Algeria, Senegal, Zimbabwe, Cote d'Ivoire, Djibouti Financial services, Others, Communications and IT Services, Manufacturing, Infrastructure

This is a large-cap pan-African generalist private equity fund.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts


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


We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

Communications and IT Services, Financial services, Infrastructure, Manufacturing, Others
Investment type

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

Intermediated investment
Fund manager:
ECP Africa
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

December 2005

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

Spencon is an East African civil engineering and construction group that provides construction and engineering services for construction of buildings, roads and bridges, power, transmission and water supply infrastructure. The company has operations in Kenya, Uganda, Tanzania and Zambia.

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Tanzania Africa, East Africa Infrastructure June 2006 Active
Notore Chemical Industries

Notore Chemical Industries owns and operates an ammonia/urea fertilizer plant. The company s facilities include an ammonia plant, a urea plant and a nitrogen, phosphate and potassium blending plant.

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Nigeria Africa, West Africa Others December 2006 Active
Generale Assurance Mediterraneenne

Générale Assurance Méditerranéenne is a private insurance provider in Algeria. The company has a distribution network of 301 points of sales including 164 agencies and 25 Insurance Agents that cover almost the entire country with a 3% market share.

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Algeria Africa, North Africa Financial services July 2007 Active
Cellcom Telecommunications Ltd

Cellcom provides a variety of communication products and services in Liberia. This includes fixed mobile services and fax and data for private and public entities.

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Liberia Africa, West Africa Communications and IT Services December 2007 Active
Blue Financial Services

Blue Financial Services is a leading microfinance provider operating across 13 African countries.

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South Africa Africa, Southern Africa Financial services January 2008 Active