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ICD (Société islamique pour le développement du secteur privé)

Public data, unclaimed profile

Private-sector arm of the Islamic Development Bank Group: Sharia-compliant credit lines to local banks for SMEs, and equity. In Cameroon in 2026: term sheet with AFG Bank Cameroun (EUR 20m), statement of intent with Afriland First Bank (EUR 50m), letter of intent with Commercial Bank Cameroon (EUR 10m).

At a glance

Based on observed investment behaviour: 3 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Private credit (inferred from deals)
Observed ticket
Data unavailable
Countries
Cameroon (3)
Activities
Banking (3)
Instruments
Senior debt (3)
Stages
Debt (3)
Recent activity
3 deals in 12 months, latest Sept 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, Equity
Preferred sectors
Financial services
Target geographies
Central Africa, West Africa
Stages (stated by the fund and from its deals)
Debt

Deals in progress

Commercial Bank Cameroun (CBC)

September 2026 · Cameroon
Letter of intentDebt11.5 M$Senior debtFinancial servicesLead

Letter of intent signed in Yaoundé on 14 September 2026 (IsDB Group Day).

Activity : Banking

Instrument : EUR 10m (XAF 6.6bn) SME line

SME refinancing.

Source : investiraucameroun.comN2 · Cross-checked (2+ outlets) · Other sources : Business in Cameroon

Afriland First Bank

July 2026 · Cameroon
Letter of intentDebt57.5 M$Senior debtFinancial servicesLead

Statement of intent signed (announced on 29 July 2026); structuring under way.

Activity : Banking

Instrument : EUR 50m (XAF 32.8bn) syndicated facility for agricultural and industrial SMEs

SME refinancing.

Source : businessincameroon.comN2 · Cross-checked (2+ outlets) · Other sources : Ecomatin

AFG Bank Cameroun

June 2026 · Cameroon
Term sheet signedDebt23 M$Senior debtFinancial servicesLead

Final term sheet signed in Baku on 18 June 2026 (IsDB annual meetings); loan agreement to follow.

Activity : Banking

Instrument : EUR 20m (XAF 13.1bn) Islamic credit line for SMEs in Cameroon, Gabon and Chad

SME refinancing (agribusiness, transport, healthcare).

Why they invested

  • ICD's first deal with AFG Bank Cameroun

Source : investiraucameroun.comN2 · Cross-checked (2+ outlets) · Other sources : Business in Cameroon

In short

ICD (Société islamique pour le développement du secteur privé) invests across the following sectors: Financial services, in the following areas: Central Africa and West Africa. Check in 30 seconds whether your company fits these criteria.