Aureos Africa Fund

Africa Others, Manufacturing, Financial services, Food and agriculture, Business services, Construction and real estate, Communications and IT Services, Other consumer services

This is a pan-African mid-cap fund.

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.

:
Cote d'Ivoire, Ethiopia, Ghana, Kenya, Nigeria, Senegal, South Africa
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, Construction and real estate, Financial services, Food and agriculture, Manufacturing, Other consumer services, Others
Investment type

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

:
Intermediated investment
Fund manager:
Aureos Capital
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

:
September 2008
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.

:
$75m
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
Athi River Steel Plant Ltd

Athi River Steel Plant uses scrap metal to produce of hot rolled steel products such as building steel, structural steel, bolts and nuts. The company is located in Mavoko Township in Athi River area and commenced operation in 1998.

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Kenya Africa, East Africa Manufacturing December 2006 Active
Regimanuel Gray Ltd

Regimanuel is a real estate developer incorporated in Ghana with a subsidiary in Sierra Leone. It has expertise in turnkey project development including road works and electrical distribution networks.

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Ghana Africa, West Africa Construction and real estate July 2008 Active
Custodian and Allied Insurance Plc

Custodian and Allied Insurance provide and market general insurance, special risk services and products to individuals and to corporate clients.

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Nigeria Africa, West Africa Financial services August 2008 Active
Seven Seas Technologies Ltd

Seven Seas is an IT solutions provider with operations in Kenya, Uganda and Rwanda. It focuses on service provision to key sectors such as telecommunications and financial services, as well as utility companies.

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Kenya Africa, East Africa Communications and IT Services October 2008 Active
Brookside Dairy Limited

Brookside Dairy produces fresh milk and other dairy products in Kenya.

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Kenya Africa, East Africa Food and agriculture February 2009 Active
Computer Warehouse

Computer Warehouse Group adds value to businesses through ICT infrastructure & services. It has three separate divisions: Hardware & Enterprise Systems, Software Development and Networks Integration & Communications.

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Nigeria Africa, West Africa Manufacturing August 2009 Active
C&I Leasing Plc

C&I was incorporated in 1990 as a private company to provide operating and finance leases & other ancillary services. In 1997, C&I concluded a major restructuring, converting to a public company and listing its shares on the Nigerian stock exchange.

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Nigeria Africa, West Africa Financial services January 2010 Active
Strategic Global Alliance Inc (Bio-Plastics)

The Strategic Global Alliance is involved in the manufacturing of extruded plastic films and other plastic products in Ghana.

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Ghana Africa, West Africa Other consumer services January 2011 Active
Real People Investment Holdings (Pty) Ltd

Real People is a specialist provider of credit, education and debt collection services in the mass, previously unbanked market sector in South and East Africa. It also provides cellular and education products.

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South Africa Africa, Southern Africa Financial services January 2011 Active
Africa Oilfield Services/AOS Orwell Limited

Africa Oilfield Services is the parent company of AOS Orwell Limited (AOSO). AOSO provides a broad range of services ranging from drilling jars and tools rentals, fishing tool leasing and down-holes services, directional wireline services, machine shop and other related services to the oil majors and drilling contractors.

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Nigeria Africa, West Africa Others May 2011 Active
Industrial Services Holding SA (AIS)

African Industrial Services is an engineering services and component manufacturing and distribution company that provides end-to-end engineering solutions for West Africa’s largest industrial firms. Founded in 2001, AIS is headquartered in Cote d’Ivoire with operations across eight countries in West Africa including Benin, Togo, Guinea, Senegal, Burkina Faso and recently launched branches in Liberia and Sierra Leone - See more at: http://www.abraaj.com/portfolio/#sthash.HaQeGehx.dpuf

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Cote d'Ivoire Africa, West Africa Business services September 2013 Active
Fan Milk International

The Fan Milk Group operates in seven West African countries. For more than 50 years, the group has produced and sold affordable frozen dairy and juice products directly to consumers through a unique street vending system. The Group has created thousands of jobs and today employs 1,700 people and engages with 25,000 agents and vendors

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Ghana Africa, West Africa Food and agriculture November 2013 Active