Actis Africa Fund 2 LP

Africa Financial services, Others, Manufacturing, Business services, Communications and IT Services, Other consumer services

Actis is a leading investor in growth markets across Africa, Asia and Latin America. Its three separate investment groups focus on energy and infrastructure; real estate; and general sectors, including consumer, education, financial services, healthcare, industrial, manufacturing, and retail.

Actis was formed in 2004 following a restructuring of CDC designed to bring more equity capital into developing countries and the two organisations have a shared history.

The London-based firm has offices across Africa, Asia and Latin America.

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.

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.

:
Burkina Faso, Democratic Republic of Congo, Egypt, Nigeria, Rwanda, Senegal, South Africa, Tunisia
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.

:
Business services, Communications and IT Services, Financial services, Manufacturing, Other consumer services, Others
Website:
https://www.act.is/
Investment type

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

:
Intermediated investment
Fund manager:
Actis 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

:
July 2004
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.

:
$330m
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
Candax Energy Inc

Candax is an upstream exploration and production (E&P) company that buys and develops upstream oil and gas assets in North Africa.

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Tunisia Africa, North Africa Others June 2005 Active
Mineral Deposits Limited/Teranga Gold Corporation

Mineral Deposits Ltd owns and operates two mining projects in Senegal, West Africa, aiming to produce zircon, rutile, leucoxene and ilmenite.

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Senegal Africa, West Africa Others December 2005 Active
Seven Energy (Formerly Exoro Energy/Gulf of Guinea Energy Limited)

Seven Energy is an upstream oil & gas company based in Nigeria but with ambition to expand in Western Africa. Seven Energy has a large interest in the undeveloped onshore Uquo Field to the east of the Niger.

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Nigeria Africa, West Africa Others February 2007 Active
Diamond Bank

Diamond Bank is the ninth largest universal bank in Nigeria (with a subsidiary in Benin Republic), with a strong focus on the SME and corporate sectors.

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Nigeria Africa, West Africa Financial services April 2007 Active
Mouka Limited

Mouka Limited is a private Nigerian company which manufactures polyurethane (foam) used in making mattresses, furniture and other products. The company is the leading polyurethane company in Nigeria with its products sold across the country.

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Nigeria Africa, West Africa Manufacturing June 2007 Active
Sinai Marble Egypt Africa, North Africa Others June 2007 Active
RTT (Formerly Fuel Logistics)

RTT is a supply chain and logistics services group in South Africa. With a nationwide network, it provides customised logistics solutions to blue chip local and international customers in a wide range of industry sectors, in particular FMCG and pharmaceutical.

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South Africa Africa, Southern Africa Manufacturing July 2007 Active