GJO & Partners
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DEG

Public data, unclaimed profile

Institution allemande de financement du développement (groupe KfW) : prêts, mezzanine et fonds propres aux entreprises privées.

At a glance

Based on observed investment behaviour: 7 recorded deals

Investor type
Development finance institution (inferred, not verified)
Capital type
Development finance institution (inferred from profile)
Observed ticket
10 M$ – 500 M$, median 45.6 M$ (4 disclosed amounts)
Countries
Nigeria (2), Cameroon (1), Côte d'Ivoire (1)
Activities
Agritech (1), Bakery, pastry and biscuits (1), Cement plants (1)
Instruments
Equity (5), Senior debt (2)
Stages
Growth (5), Debt (1), Series A (1)
Recent activity
1 deal in 12 months, latest Feb 2026

Stated thesis versus observed behaviour

  • Sectors: 100% of its deals within its stated thesis
  • Countries: 100% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket
n/a
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 AGrowthDebt

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

The Courier Guy

March 2024 · South Africa
GrowthUndisclosed 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.comN1 · Primary source

Apollo Agriculture

January 2024 · Kenya
Debt10 M$Senior debtAgribusinessCo-Invest

Co-investor alongside Swedfund

Activity : Agritech

Kenyan startup Apollo Agriculture , a commercial farming platform that helps small-scale farmers maximize their profits, has raised USD 10 M in debt funding from Swedfund and ImpactConnect , implemented by DEG.

Source : weetracker.com

BUA Cement Plc

June 2023 · Nigeria
Growth500 M$Senior debtManufacturingCo-Invest

Co-investor alongside IFC (International Finance Corporation)

Activity : Cement plants

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.orgN1 · Primary source

Eranove

August 2021 · Côte d'Ivoire
GrowthUndisclosed 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.comN1 · Primary source

Nachtigal Hydro Power Company (NHPC)

December 2018 · Cameroon
GrowthUndisclosed amountEquityEnergyCo-Invest

Co-investor alongside Africa50

Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas

Instrument : 15% equity stake

NHPC develops and operates the 420 MW Nachtigal hydropower plant and its associated transmission line.

Why they invested

  • Increase reliability of Cameroon’s power sector
  • Expand access to electricity
  • Mobilize private financing for strategic energy infrastructure

Co-investors Africa Finance Corporation (AFC), Banque africaine de développement (BAD), European Investment Bank, British International Investment, EDF, Emerging Africa Infrastructure Fund, FMO, IFC (International Finance Corporation), OPEC Fund for International Development, Proparco, République du Cameroun, STOA

Source : africa50.comN1 · Primary source

Beloxxi Industries Limited

August 2016 · Nigeria
Growth80 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.comN1 · Primary source

In short

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.