Africinvest II

Africa Other consumer services, Financial services, Education, Others, Food and agriculture, Health, Communications and IT Services, Manufacturing

AfricInvest is an investment and financial services company based in Tunisia. Founded in 1994, it has dedicated investment teams focused on Africa, and employs 70 professionals based in nine offices.  The firm has two dedicated investment platforms for North Africa and sub-Saharan Africa, respectively

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, Cameroon, Cote d'Ivoire, Ghana, Kenya, Libya, Mauritius, Nigeria, Senegal, 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.

:
Communications and IT Services, Education, Financial services, Food and agriculture, Health, Manufacturing, Other consumer services, Others
Website:
http://www.africinvest.com/
Investment type

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

:
Intermediated investment
Fund manager:
Tuninvest
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

:
February 2010
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.

:
$18.97m
Domicile

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

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Planor Capital International (“PCI”)

Planor Capital manages a leading telecommunications company investment in Côte d Ivoire.

View investment details

Cote d'Ivoire Africa, West Africa Communications and IT Services February 2009 Active
LaGray Chemical Company

LaGray Chemical operates its own plant that manufactures pharmaceuticals in Ghana.

View investment details

Ghana Africa, West Africa Health February 2009 Active
Reef Hout

Reef Hout is involved in the FSC timber industry, specialising in the exploitation, production and distribution of timber in Cameroon.

View investment details

Cameroon Africa, Central Africa Manufacturing August 2009 Active
Alpha West Africa Ltd

Alpha West Africa Ltd is a special purpose vehicle incorporated in Mauritius that controls two insurance companies in Burkina Faso.

View investment details

Burkina Faso Africa, West Africa Financial services April 2010 Active
Alminko

Alminko is a company based in Senegal that produces home and personal care products, for example, bar soap for home care and body washing and liquid household cleaner.

View investment details

Senegal Africa, West Africa Other consumer services January 2011 Active
InterMIMS

InterMIMS/Jafara is a company established in Libya and specialises in the production and distribution of mineral water, juices and harissa.

View investment details

Libya Africa, North Africa Food and agriculture February 2011 Active
Kiboko Holdings

Kiboko Holdings is a grouping of eight companies active in the manufacture and distribution of pharmaceutical products.

View investment details

Mauritius Africa, East Africa Health April 2011 Active
Assur Africa Holding/GTAssurance Nigeria Africa, West Africa Financial services December 2011 Active
Tejra

Tejra produces and distributes bricks and ceramic products such as floor and wall tiles.

View investment details

Tunisia Africa, North Africa Manufacturing April 2012 Active
Broron Oil & Gas

Broron Oil and Gas Limited is an indigenous oil and gas offshore services company which provides offshore support services to international oil companies, independent and indigenous upstream companies in Nigeria and the Gulf of Guinea

View investment details

Nigeria Africa, West Africa Others December 2013 Active
Bridge Group West Africa

Bridge Group West Africa is a holding company which has a majority equity stake in Bridge Bank Cote d'Ivoire and a minority equity stake in a bank in Senegal.

View investment details

Senegal Africa, West Africa Financial services March 2014 Active