8 Miles

Africa Food and agriculture, Other consumer services, Manufacturing, Financial services

This is a pan-African mid-cap generalist fund.

Key facts

Status:
Active
Region

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

:
Africa
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Egypt, Ethiopia, Ghana, Nigeria, 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. For funds, the sectors listed here are those the fund has invested in so far.

:
Financial services, Food and agriculture, Manufacturing, Other consumer services
Investment type

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

:
Intermediated investment
Fund manager:
8 Miles LLP
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
Amount

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.

:
$50m
Domicile

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

:
United Kingdom

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
eleni LLC

Eleni LLC s aim is to incubate and support the formation of commodity exchanges across Africa, helping to promote food security.

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Ethiopia Africa, East Africa Food and agriculture May 2013 Active
Awash Wine Share Company

Awash produces and sells wines and related products - such as honey wine, vermouth and vinegar - to hotels, restaurants, bars and supermarkets across Ethiopia

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Ethiopia Africa, East Africa Food and agriculture September 2013 Active
Biyinzika Poultry International Limited

Biyinzika Poultry International Limited is a producer and supplier of broiler and layer of day old chicks in Uganda.

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Uganda Africa, East Africa Food and agriculture May 2014 Active
Eagle Chemical Group Ltd

Eagle Chemicals is the leading producer of resin and polymer products in Egypt.

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Egypt Africa, North Africa Manufacturing August 2014 Active
Orient Bank Limited

Orient Bank, established in 1983, is a mid-tier commercial bank licensed by the Bank of Uganda to provide banking, stockbroking and other related financial services to its client base of primarily SMEs and retail customers in Uganda.

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Uganda Africa, East Africa Financial services February 2015 Active
Verde Beef Processing Plc

Verde Beef Processing operates a fattening farm for cattle based on a 1,300 ha feedlot and cropping facility south of Addis Ababa in the Oromia region.

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Ethiopia Africa, East Africa Food and agriculture November 2015 Active
Beloxxi Industries Limited

Beloxxi is a leading biscuit manufacturer in Nigeria and also has export sales in Ghana.

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Nigeria Africa, West Africa Food and agriculture August 2016 Active
Blue Skies Holdings Limited

Blue Skies was founded in 1997 and produces mainly fresh-cut fruit in factories in Ghana, Egypt, South Africa, Brazil and UK, which are sold primarily to retailers in Europe. More recently the business has expanded into fresh juices and other fresh fruit-based products sold in African markets.

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Ghana Africa, West Africa Other consumer services February 2017 Active