Telcare Ltd

Uganda Communications and IT Services

We are invested in Telcare Ltd through African Rivers Fund, which is managed by XSML.

We do not hold direct relationships with the companies that investment funds invest in. Instead, we hold relationships directly with the fund. When investing through investment funds, CDC takes an active role as a limited partner to the fund, working with the fund manager to ensure best practices, including in environment, social and governance matters, and investment management oversight.

Key facts

Status:
Exited
Region

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

:
Africa, East Africa
Countries:
Uganda
Sector

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
Fund:
African Rivers Fund
Fund Manager:
XSML
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

:
July 2017
End date

For direct equity investments, this is the date at which CDC exited the investment.

For debt investments, this is the date at which the final debt repayment was made.

For funds, this is the date at which the fund was terminated.

For underlying fund investments, this is the date at which the fund manager exited the investment.

:
December 2019
Domicile

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

:
Uganda

CDC is becoming British International Investment