Chims Africa Ltd

Uganda Communications and IT Services

An MTN franchise dealing in the distribution of airtime and phone accessories and is now MTN’S leading mobile money agent

We are invested in Chims Africa Ltd through Ascent Rift Valley Fund I, which is managed by Ascent Capital Africa. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts


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.

Communications and IT Services
Investment type

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

Intermediated investment
Ascent Rift Valley Fund I
Fund Manager:
Ascent Capital Africa

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