Chims Africa Ltd

Uganda Communications and IT Services

An MTN franchise dealing in the distribution of airtime and phone accessories and is now MTN’S leading mobile money agent

We are invested in Chims Africa Ltd through Ascent Rift Valley Fund I, which is managed by Ascent Capital Africa. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

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, 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:
Ascent Rift Valley Fund I
Fund Manager:
Ascent Capital Africa
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

:
August 2015
Domicile

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

:
Uganda