Institution allemande de financement du développement (groupe KfW) : prêts, mezzanine et fonds propres aux entreprises privées.
- Investment ticket
- — – —
- Instruments
- Senior debt, Mezzanine, Equity
- Preferred sectors
- Manufacturing, Agribusiness, Energy, Financial services, Fintech, Healthcare, Logistics
- Target geographies
- West Africa, East Africa, Central Africa, Southern Africa
- Stages (stated by the fund and from its deals)
- Series AGrowth
Recent public deals: they say better than a thesis what the fund actually signs.
Lupiya
February 2026 · ZambieSeries A11.2 M$EquityFintechCo-Invest
Co-investor alongside IDF Capital’s Alitheia IDF Fund
Activity : Neobank and digital banking
Lupiya was founded in 2016 by Zambian entrepreneurs Evelyn Chilomo Kaingu (CEO) and Muchu Kaingu (CTO).
Co-investors Enygma Ventures, INOKS Capital
Source : launchbaseafrica.com
The Courier Guy
March 2024 · Afrique du SudGrowthUndisclosed amountEquityLogisticsCo-Invest
Co-investor alongside Adenia Partners
Activity : Delivery and last mile
Instrument : Acquisition de 100 % · Vehicle : Adenia Capital (V)
South African last-mile delivery leader with a network of partners, pick-up points and lockers.
Why they invested
- Fast-growing South African e-commerce
- Changing consumer delivery expectations
- Leading last-mile position
Advisers
- RMB — Financement de la dette, buyer side
- PwC — Due diligence financière et fiscale, fund side
- Webber Wentzel — Conseil juridique, fund side
- EY — Due diligence ESG, fund side
Co-investors Proparco, South Suez
Source : adenia.com
BUA Cement Plc
June 2023 · NigeriaGrowth500 M$Senior debtManufacturingCo-Invest
Co-investor alongside IFC (International Finance Corporation)
Activity : Building materials
Instrument : financing package of $500 million comprising $160.5 million IFC own-account loan, $94.5 million MCPP loan and $245 million parallel loans · Vehicle : Managed Co-Lending Portfolio Program (MCPP)
BUA Cement is a Nigerian cement producer. The financing supports two new energy-efficient production lines in Sokoto State in Northern Nigeria.
Why they invested
- Expanding cement production capacity
- Supporting industrialization in Northern Nigeria
- Improving energy efficiency
- Creating direct and indirect jobs
Co-investors Africa Finance Corporation, Banque africaine de développement
Source : ifc.org
Eranove
August 2021 · Côte d'IvoireGrowthUndisclosed amountEquityEnergyCo-Invest
Co-investor alongside A.P. Moller Capital
Activity : Power generation (utility-scale)
Instrument : Via la holding ECP Power & Water Holding · Vehicle : Africa Infrastructure Fund I K/S
African industrial group in power and water, notably in Côte d'Ivoire.
Why they invested
- Reliable, lower-carbon power supply
- Growing electricity demand in Africa
- Critical infrastructure for economic development
Co-investors Emerging Capital Partners, IFU
Source : apmollercapital.com
Beloxxi Industries Limited
August 2016 · NigeriaGrowth80 M$EquityAgribusinessCo-Invest
Co-investor alongside Africa Capital Alliance
Activity : Bakery, pastry and biscuits
Instrument : Prise de participation minoritaire substantielle · Vehicle : CAPE IV
Beloxxi manufactures cream cracker biscuits in Nigeria and operates an integrated plant in Ogun State with a nationwide distributor network.
Why they invested
- Double-digit growth in the biscuit sector
- Significant unmet demand
- Production-capacity expansion
- Regional distribution expansion
Co-investors 8 Miles
Source : acagp.com
DEG invests across the following sectors: Manufacturing, Agribusiness, Energy, Financial services, Fintech, Healthcare, and Logistics, in the following areas: West Africa, East Africa, Central Africa, and Southern Africa. Check in 30 seconds whether your company fits these criteria.