Elephant Africa Holding

Nigeria Manufacturing

Elephant Africa Holding is the leading poducer of tissue paper products (including napkins, facial tissues and kitchen towels) in Nigeria. The company controls both Bel Papyrus and Bel Impex. Production is based on paper collected locally and recycled internally and has a large modern distribution network across Nigeria.

We are invested in Elephant Africa Holding through EuroMena III, which is managed by EuroMena. 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, West Africa
Countries:
Nigeria
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.

:
Manufacturing
Investment type

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

:
Intermediated investment
Fund:
EuroMena III
Fund Manager:
EuroMena
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.

:
Nigeria