In 2018, CDC made a commitment of $12 million to Sawari Ventures Fund I.
Venture capital in Africa remains comparatively nascent and poorly capitalised. By identifying, backing and helping the growth of innovative and scalable companies, Sawari Ventures Fund I is helping support a key element of a healthy and dynamic capital market which in turn supports economic growth, entrepreneurship and job creation.
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
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|
Smart Transport Services and Applications
Swvl is an alternative to public transportation in Egypt. The service offers affordable, quality, convenient and reliable everyday bus rides.
|Egypt||Africa||Other consumer services||March 2019||Active|