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.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
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
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Progression Capital
- 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 2011
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
|Investment name||Country||Region||Sector||Start date||Status|
| Jamii Bora Bank Ltd|
Jamii Bora Bank (JBB) is a rapidly growing commercial bank in Kenya licensed by the Central Bank of Kenya, the national banking regulator.
|Kenya||Africa, East Africa||Financial services||August 2013||Active|
| Uganda Finance Trust Ltd|
Uganda Finance Trust Limited (UFTL), commonly known as Finance Trust, is a microfinance institution (MDI) in Uganda. It is licensed as a deposit-taking microfinance institution by the Bank of Uganda, the national banking regulator.
|Uganda||Africa, East Africa||Financial services||August 2013||Active|
| Tujijenge Tanzania Limited|
Tujijenge Tanzania provides financial services to low and medium income Tanzanians through group and individual microfinance lending products.
|Tanzania||Africa, East Africa||Financial services||January 2014||Active|
| Cellulant Corporation Limited|
Cellulant Corporation is a developer of mobile payments ecosystems through the provision of mobile wallet, transaction banking and mobile payment gateway solutions to financial inclusion businesses such as commercial banks and large micro-finance institutions and other clients. It is headquartered in Kenya and has operations in Kenya, Nigeria, Zambia, Tanzania, Uganda and Rwanda.
|Kenya||Africa, East Africa||Communications and IT Services||February 2014||Active|
| Unguka Bank Limited|
Unguka Bank is a microfinance institution based in Rwanda.
|Rwanda||Africa, East Africa||Financial services||December 2015||Active|
| Microhub Financial Servies (PVT) Ltd|
Microhub Financial Services is a greenfield microfinance institution focused on individual and SME enterprise lending in Zimbabwe. It started operating in April 2016.
|Zimbabwe||Africa, East Africa||Financial services||April 2016||Active|
|Blue Nile Holdings Limited||Ethiopia||Africa, East Africa||Financial services||Exited|