Our investment
In September 2014, CDC committed €25 million to AF III, alongside the IFC, and other European DFIs including Germany's DEG, Finland's FinnFund, France's Proparco and Sweden's Swedfund. Our capital supported investments in SMEs across a variety of sectors that demonstrated significant potential to grow from a local presence to a regional level. Individual investment sizes ranged between $5 million to $15 million.
Expected impact
Many SMEs in the target regions across Africa struggle to access the finance and strategic expertise they need to expand.
Our investment enabled the fund manager to support the development of SMEs in key sectors such as manufacturing, agribusiness, education, pharmaceuticals and financial services.
Environmental and social aspects
The fund manager has a well-established approach to environmental and social (E&S) management and we will continue to support and monitor its approach as the portfolio grows.
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
- 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.
- Education, Food and agriculture, Manufacturing, Other consumer services
- 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
- September 2014
- 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.
- $32.8m
- 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 |
|---|---|---|---|---|---|
|
Azalai Hotels
Azalai Hotels is a regional hotel group operating in four countries: Mali, Burkina Faso, Guinea-Bissau and Benin. The group owns six hotels with 3-5 star standards. |
Africa, West Africa | Other consumer services | December 2012 | Active | |
|
Elephant Group Ltd
Elephant Group Ltd was incorporated in 1999 and is one of the leading importers of agro-commodities in Nigeria. It imports, markets and distributes rice and fertiliser in Nigeria and is amongst the top five players in the industry. |
Nigeria | Africa, West Africa | Food and agriculture | September 2015 | Active |
|
Salvador Caetano Group
Salvador Caetano Auto Africa is a leading auto retailer with established operations in Angola and Cape Verde, with plans to expand into East Africa and Francophone West Africa. |
Africa | Other consumer services | November 2015 | Active | |
|
One Tech Holding Group
OneTech Group is a Tunisia-based export orirented group operating in cabling, mechatronics manufacturing and ICT distribution and implementation. |
Tunisia | Africa, North Africa | Manufacturing | December 2015 | Active |
|
Silafrica Plastics and Packaging Intl. Ltd
Silafrica Plastics and Packaging Intl. Ltd is a major manufacturer of plastics products and packings with established operations in Tanzania, Kenya and Ethiopia. It produces crates, containers, jerry cans and water storage tanks. |
Africa | Manufacturing | March 2016 | Active | |
|
International Community Schools
The International Community School is located in Kumasi (Ghana) and was established in 2002. It currently has over 1,200 students enrolled from pre-school to senior high school on a 20 acre campus. It follows the British system of edudcation and offers the IGSCE and A level programmes at high school level. |
Ghana | Africa, West Africa | Education | December 2016 | Active |
| Carbon Holdings | January 2018 | Active | |||
| Carbon Holdings. | January 2018 | Active | |||
| Britam Holdings | April 2018 | Active | |||
| Ison BPO Limited | September 2018 | Active | |||
| Les Centaure Routiers | November 2018 | Active | |||
| Prime Bank | December 2018 | Active |
