World Bank Group institution financing the private sector in emerging markets: loans, equity, convertible instruments and advisory services, often alongside other development finance institutions.
Criteria published by the fund, recorded and checked by Invest Matching.
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Recent public deals: they say better than a thesis what the fund actually signs.
InfraCredit
September 2026 · NigeriaSignedDebt50 M$Mezzanine debtFinancial servicesLead
Announced on 30 September 2026; tranche drawdowns not published.
Activity : Vehicle and productive-asset finance
Instrument : US$50m 10-year subordinated debt, in two US$25m tranches
Guarantees for naira infrastructure bonds.
Why they invested
- Regulatory capital for a local-currency guarantor
Source : premiumtimesng.comN2 · Cross-checked (2+ outlets) · Other sources : Nairametrics, BusinessDay
2.4 M$Quasi-equityAgribusinessLead
Activity : Agritech
Instrument : Prêt convertible de 2,4 M$ pour financer intrants et services d'agronomie des agriculteurs, complété par 480 000 $ d'assistance technique · Vehicle : Business Investment Financing Track (BIFT) du Private Sector Window du Global Agriculture and Food Security Program (GAFSP)
Complete Farmer operates a digital platform connecting farmers with buyers, financial institutions, input suppliers and agricultural service providers. It also develops agronomy services and input-financing solutions.
Why they invested
- Expand access to finance for smallholder farmers.
- Finance agricultural inputs and agronomy services needed for farm production.
- Strengthen Complete Farmer's systems and capacity to expand farmer financing.
- Scale the platform's support with an objective of reaching 240,000 farmers by 2030.
Source : ifc.orgN1 · Primary source
Absa Bank Ghana
September 2026 · GhanaDebt50 M$GuaranteeFinancial servicesLead
Activity : Banking
Instrument : unfunded risk participation facility of up to $50 million · Vehicle : Private Sector Window of the Global Agriculture and Food Security Program (GAFSP)
Absa Bank Ghana provides retail, business, corporate and investment banking services in Ghana. The transaction supports financing for Licensed Buying Companies purchasing cocoa from farmers.
Why they invested
- Supporting cocoa value-chain financing
- Maintaining market access for more than 139,000 smallholder farmers
- Financing traceable cocoa purchases
- Promoting more sustainable farming practices
Source : ifc.orgN1 · Primary source
ARC Ride
September 2026 · KenyaDebt33.3 M$Senior debtEnergyCo-Invest
Co-investor alongside Novastar Ventures
Activity : Electric mobility
ARC Ride, a Kenyan electric mobility startup, has raised $33.3 million in asset-backed debt and equity to expand its battery-swapping network and electric motorcycle fleet across Africa.
Co-investors British International Investment, Mirova Natural Capital, Musashi Seimitsu, Norrsken22, Proparco, Talanton
Source : techcabal.com
Jumia
August 2026 · Nigeria50 M$E-commerceLead
Activity : Online retail
Jumia Secures $50m IFC-Backed Emergency Raise After Total Equity Crashes 98%.
Source : launchbaseafrica.com
Equity Bank Kenya, KCB Bank Kenya et 4G Capital (garanties de première perte)
August 2026 · KenyaSignedDebt24.2 M$GuaranteeFinancial servicesLead
Announced by IFC on 4 August 2026: Africa's first catalytic first-loss guarantee transactions.
Activity : SME finance
Instrument : US$24.2m first-loss guarantees, backed by US$11m from the IDA Private Sector Window; about US$144.4m of local-currency lending expected
Lending to micro-enterprises, women-owned businesses and climate projects.
Why they invested
- Risk-sharing to steer credit to small businesses
Source : ifc.orgN1 · Primary source
Capitalworks Private Equity Fund IV
June 2026 · South AfricaSignedGrowth40 M$Fund of fundsBusiness & personal servicesCo-Invest
Fund launched on 29 June 2026 with IFC's commitment; final close not announced.
Fund-of-funds commitment: subscription in Capitalworks Private Equity Fund IV
Activity : Asset management and markets
Instrument : US$40m commitment to the fund (target US$350m) and a US$40m co-investment envelope; Standard Bank among the investors
Private equity in South African mid-market companies (7 to 10 holdings).
Co-investors Standard Bank
Source : savca.co.zaN2 · Cross-checked (2+ outlets) · Other sources : Africa Private Equity News
Standard Bank Group
June 2026 · South AfricaDebt104.938 M$Mezzanine debtFinancial servicesLead
Approved on 21 May, signed on 22 June, invested on 26 June 2026.
Activity : Banking
Announced May 2026, completed June 2026 — 1 month from announcement to closing
Instrument : Anchor investment of up to ZAR 1.7bn in the group's FLAC bonds; proceeds for home loans in the affordable segment
Africa's largest banking group.
Why they invested
- SARB's new bank resolution regime (FLAC)
Source : disclosures.ifc.orgN1 · Primary source
Everwell Cameroon (Hebei Huatong Wires and Cables)
May 2026 · CameroonSignedDebt60 M$Senior debtManufacturingLead
Signé le 29/05/2026 ; décaissement en attente au 05/10/2026
Activity : Fabrication de câbles électriques
Instrument : Prêt IFC jusqu'à 60 M USD aux filiales de Huatong (usine de Douala et Tanzanie) ; part Cameroun non publiée
Copper and aluminium cable maker with a plant in Douala.
Source : businessincameroon.comN2 · Cross-checked (2+ outlets) · Other sources : Business in Cameroon
Développeurs de mini-réseaux DARES (Darway Coast, PriVida Power, Prado Power, GVE Projects, StarTimes Smart Energy)
April 2026 · NigeriaSignedDebt83.2 M$Senior debtEnergyLead
Agreements signed at the World Bank Group and IMF Spring Meetings (April 2026); a second wave of developers is being prepared (Ashipa, Eauxwell, Ignite, Maskh, Nayo, Paras).
Activity : Mini-grids and rural electrification
Instrument : Revolving facility of up to US$83.2m from IFC and Norfund, blending concessional and commercial capital; 315 mini-grids, total cost US$271m
Solar-hybrid mini-grids in rural and peri-urban areas (DARES programme, US$750m World Bank).
Why they invested
- Distributed rural electrification (DARES)
Co-investors Norfund (Co-Lead)
Source : ecofinagency.comN2 · Cross-checked (2+ outlets) · Other sources : The Guardian Nigeria, Daily Trust
Biovac
April 2026 · South AfricaSignedGrowth86.25 M$Quasi-equityHealthcareCo-Invest
Financing announced on 16 April 2026 by the EIB, the Commission and IFC; drawdowns not published.
Co-investor alongside European Investment Bank
Activity : Pharmaceutical manufacturing
Instrument : EUR 75m quasi-equity from the EIB Group, guaranteed by the European Commission's EFSD+ (HDX programme), and US$20m of senior debt from IFC
Africa's first end-to-end vaccine manufacturing site (cholera, polio, meningitis, pneumonia), 30-40m doses a year by 2028.
Why they invested
- African vaccine self-reliance
Source : eib.orgN1 · Primary source · Other sources : IFC
Investec Bank
March 2026 · South AfricaSignedDebt200 M$Senior debtFinancial servicesLead
Approved by IFC's Board in December 2025, signed on 16 March 2026.
Activity : Banking
Instrument : US$200m seven-year senior unsecured loan for EDGE-certified green building and home loan portfolios; US$3.8m of MAGC programme incentives
South African bank, Sustainable Solutions platform.
Why they invested
- Green credit lines through banks
Source : engineeringnews.co.zaN2 · Cross-checked (2+ outlets) · Other sources : Ecofin
ZZ2
March 2026 · South AfricaGrowth61.728 M$Senior debtAgribusinessLead
Approved on 26 February, invested on 12 March 2026.
Activity : Fruit, vegetables and market gardening
Announced February 2026, completed March 2026 — under a month from announcement to closing
Instrument : ZAR 900m A loan (Bertie van Zyl) and ZAR 100m of redeemable preference shares: avocados, tomato net houses, solar and refinancing
Integrated horticulture on about 4,500 irrigated hectares.
Source : disclosures.ifc.orgN1 · Primary source
GrowthUndisclosed amountSenior debtHealthcareCo-Invest
Activity : Labs and imaging
Instrument : financement en naira à long terme d'environ ₦14,2 milliards, soit $24,5 millions pour IFC · Vehicle : IDA Private Sector Window Local Currency Facility
MedServe is the healthcare subsidiary of the Nigeria Sovereign Investment Authority. It is developing a nationwide network of diagnostic, radiotherapy and interventional cardiology centres.
Why they invested
- Expansion of diagnostic and cancer-treatment infrastructure
- Reducing foreign-exchange risk through local-currency financing
- Deployment of advanced medical technologies
- Expanding access to specialized care for lower-income populations
Co-investors Nigeria Sovereign Investment Authority
Source : ifc.orgN1 · Primary source
OrPower Twenty-Two Limited (OTTL)
January 2026 · KenyaGrowth16.5 M$Senior debtEnergyCo-Invest
Co-investor alongside Banque africaine de développement (BAD)
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Instrument : loan of $16.5 million
Independent power producer developing a 35 MW geothermal power plant in the Menengai geothermal field.
Why they invested
- Increase Kenya's baseload electricity generation capacity
- Accelerate the country's clean-energy transition
- Diversify the energy mix
- Reduce reliance on diesel generation
Source : afdb.orgN1 · Primary source
Groupe EDK
December 2025 · SenegalGrowthUndisclosed amountSenior debtRetail & distributionLead
Activity : Food retail
Instrument : Financement pouvant atteindre 25 M EUR · Vehicle : IDA Private Sector Window Local Currency Facility and Blended Finance Facility
Groupe EDK is a Senegalese conglomerate active in modern grocery retail. The financing supports renovation of Low Price stores and the opening of new outlets outside Dakar.
Why they invested
- Expansion of modern grocery retail into secondary cities
- Improving access to quality food products
- Job creation
- Strengthening local supply chains
Source : ifc.orgN1 · Primary source
First African Company SA (FAC)
December 2025 · CameroonGrowthUndisclosed amountSenior debtAgribusinessLead
Activity : Yaourts et jus de fruits
Instrument : Enveloppe de 2 M EUR : prêt pouvant atteindre 1 M EUR sur fonds propres d'IFC et prêt concessionnel de 1 M EUR (Canada Facility for Resilient Food Systems)
Cameroonian maker of affordable dairy products and fruit juices, mainly for the domestic market.
Why they invested
- Fund local production expansion
- Strengthen food security
- Create jobs across the agrifood value chain
Source : ifc.org
Lula
November 2025 · South AfricaDebt10 M$Senior debtFinancial servicesLead
Activity : Banking
Lula Secures USD 10 M Loan From IFC For SME Financing In South Africa.
Source : weetracker.com
Orange Mali SA
November 2025 · MaliGrowthUndisclosed amountSenior debtTelecoms & digital infrastructureLead
Activity : Telecom operators and ISPs
Instrument : Prêt social de 80 M EUR, dont 50 M EUR équivalent en francs CFA
Orange Mali operates mobile and digital telecommunications services in Mali. The financing supports new 4G towers and expansion of the fiber network.
Why they invested
- Expansion of broadband coverage
- Deployment of 300 new 4G towers
- Expansion of fiber networks to households and small businesses
- Reducing digital exclusion in rural areas
Co-investors BOAD (Banque ouest-africaine de développement)
Source : ifc.orgN1 · Primary source
GrowthUndisclosed amountEquityMedia & entertainmentCo-Invest
Activity : Film, media production and entertainment
Filmmakers Mart operates an integrated digital production-services platform covering location scouting, logistics, catering and permits. It uses AI-powered tools and automated workflows.
Why they invested
- Reducing fragmentation in production services
- Using AI-powered tools and automated workflows
- Expanding into additional African markets
- Supporting Africa's creative economy
Co-investors Sony, Sony Innovation Fund
Source : ifc.orgN1 · Primary source
KERA
June 2025 · Senegal10 M$Digital healthLead
Activity : Health platforms and software
Senegal’s e-health startup, KERA Health Platforms , has secured US$10 million in funding from the International Finance Corporation (IFC), part of the World Bank Group .
Source : techinafrica.com
Growth5 M$Senior debtEnergyCo-Invest
Activity : Mini-grids and rural electrification
Instrument : investment of $5 million under the DARES Platform · Vehicle : Distributed Access through Renewable Energy Scale-up (DARES) Platform
Husk Nigeria develops solar hybrid mini-grids for underserved rural communities. The financing supports deployment across Northern Nigeria.
Why they invested
- Expanding access to reliable electricity
- Deploying renewable solutions in underserved areas
- Financing rural energy infrastructure
- Catalyzing private-sector solutions through DARES
Co-investors Gouvernement du Canada
Source : ifc.orgN1 · Primary source
Balwin Properties
April 2025 · South AfricaGrowthUndisclosed amountSenior debtReal estateLead
Activity : Residential real estate and development
Instrument : Prêt en monnaie locale de 1 Md ZAR
Balwin Properties is a South African property developer. The financing supports construction of 16,468 homes in the Mooikloof City development east of Pretoria.
Why they invested
- Increasing affordable housing supply
- Construction of more than 16,000 homes
- Urban development near Johannesburg and Pretoria
- High environmental standards and energy efficiency
Source : ifc.orgN1 · Primary source
Standard Bank
March 2025 · South AfricaDebt250 M$Senior debtFinancial servicesLead
Activity : Banking
Standard Bank South Africa has secured a USD 250 M loan from the International Finance Corporation (IFC) to expand green financing in the real estate sector.
Source : weetracker.com
Naked
January 2025 · South AfricaSeries B38 M$EquityFintechCo-Invest
Co-investor alongside BlueOrchard
Activity : Insurtech
South African insurtech Naked Secures $38m Funding in Africa’s Largest Sector Deal.
Co-investors Hollard, Naspers, Yellowwoods
Source : launchbaseafrica.com
Lagos Free Zone Company
January 2025 · NigeriaGrowth50 M$EquityReal estateLead
Activity : Industrial zones and parks
Instrument : equity investment of up to $50 million
Lagos Free Zone develops an 860-hectare private special economic zone integrated with Lekki Deep Sea Port. Financing supports land development, industrial facilities and logistics infrastructure.
Why they invested
- Development of industrial and logistics infrastructure
- Attracting local and international businesses
- Integration into global value chains
- Supporting Nigeria's economic diversification
Source : ifc.orgN1 · Primary source
Afriland First Bank Cameroon
December 2024 · CameroonDebt60 M$Senior debtFinancial servicesLead
Activity : Banque commerciale, financement des PME
Instrument : Prêt senior non garanti pouvant atteindre 60 M$ (équivalent en EUR), dont 20 M$ pour compte propre d'IFC et 40 M$ mobilisés auprès d'autres prêteurs
Cameroon's largest bank, financing micro, small and medium-sized enterprises in particular.
Why they invested
- Long-term funding for the bank
- Increase lending to Cameroonian SMEs
- Target women-owned businesses
Source : disclosures.ifc.org
Equator Africa Fund I
October 2024 · Kenya5 M$Fund of fundsLead
Fund-of-funds commitment: subscription in Equator Africa Fund I
Activity : Fonds d'investissement
Instrument : Souscription de 5 M$ · Vehicle : Equator Africa Fund I
Equator Africa Fund I invests in early-stage technology companies in sub-Saharan Africa developing climate solutions, including in energy, agriculture and mobility.
Why they invested
- Funding early-stage technology companies
- Supporting an equitable climate transition in sub-Saharan Africa
- Backing solutions in energy, agriculture and mobility
- Reducing emissions and resource use
Source : ifc.orgN1 · Primary source
TerraPay
July 2024Debt95 M$Senior debtFintechLead
Activity : Money transfer and remittances
TerraPay , an Africa-focused digital payments provider, has raised USD 95 M from the International Finance Corporation (IFC) and the British International Investment (BII) to boost access to affordable remittances and support livelihoods and business activity across Africa.
Co-investors British International Investment
Source : weetracker.com
WIOCC Group
June 2024 · MauritiusDebt50 M$Senior debtTelecoms & digital infrastructureLead
Activity : Telecom towers and fibre
The West Indian Ocean Cable Company (WIOCC) Group, a leading provider of high-capacity connectivity, is set to receive a substantial funding package exceeding $50 million.
Co-investors Proparco, RMB Corvest
Source : techinafrica.com
Pula
April 2024 · KenyaSeries B20 M$EquityFinancial servicesCo-Invest
Co-investor alongside BlueOrchard
Activity : Insurance
Agricultural insurance and technology company Pula has closed a USD 20 M Series B fundraising round.
Co-investors Gates Foundation, Hesabu Capital
Source : weetracker.com
4DX Ventures Fund III
March 2024 · Nigeria10.5 M$Fund of fundsLead
Fund-of-funds commitment: subscription in 4DX Ventures Fund III
Activity : Fonds d'investissement
Instrument : Souscription de 10.5 M$ · Vehicle : 4DX Ventures Fund III
4DX Ventures Fund III invests in early-stage African technology companies, including fintech, e-commerce, edtech, climate tech and health tech.
Why they invested
- Funding early-stage African technology startups
- Exposure to fintech, e-commerce and education
- Supporting climate and health technologies
- Developing African venture-capital ecosystems
Source : ifc.orgN1 · Primary source
P1 Ventures
March 2024 · Senegal5 M$Fund of fundsLead
Fund-of-funds commitment: subscription in P1 Ventures
Activity : Fonds d'investissement
Instrument : Souscription de 5 M$ · Vehicle : P1 Ventures
P1 Ventures is a pan-African venture capital fund targeting pre-seed and seed investments in fintech, healthcare, e-commerce marketplaces and software.
Why they invested
- Supporting early-stage African technology entrepreneurs
- Targeting underserved venture-capital markets
- Fintech, healthcare, e-commerce and software
- Focus on Francophone Africa and low-income countries
Source : ifc.orgN1 · Primary source
Africa Infrastructure Investment Fund 4 Partnership
January 2024 · South Africa30 M$Fund of fundsLead
Fund-of-funds commitment: subscription in AIIM (African Infrastructure Investment Managers)
Activity : Fonds d'investissement
Instrument : Souscription de 30 M$ · Vehicle : Africa Infrastructure Investment Fund 4 Partnership (AIIF4)
AIIF4 is an infrastructure fund managed by Africa Infrastructure Investment Managers. It targets data centers, fiber networks, telecom towers, renewable energy, mobility and logistics infrastructure across Africa.
Why they invested
- Developing essential infrastructure across Africa
- Financing telecommunications and connectivity
- Developing renewable-energy platforms
- Investing in mobility and logistics
Source : ifc.orgN1 · Primary source
Netis
November 2023GrowthUndisclosed amountEquityTelecoms & digital infrastructureCo-Invest
Co-investor alongside Amethis
Activity : Telecom towers and fibre
Instrument : Prise de participation majoritaire
Netis provides telecom site maintenance, fiber-optic deployment and power-supply solutions across more than 15 countries in Sub-Saharan Africa.
Why they invested
- Capture the fast-growing African telecom installation and maintenance market
- Accelerate digital inclusion across Africa
- Support Netis' expansion into new countries
- Support the development of telecom and energy infrastructure
Co-investors AfricInvest, Proparco
Source : amethis.comN1 · Primary source
Growth25 M$EquityTelecoms & digital infrastructureCo-Invest
Co-investor alongside Convergence Partners
Activity : Telecom towers and fibre
Instrument : New equity investment; first tranche of a broader US$65 million investment programme · Vehicle : Convergence Partners Digital Infrastructure Fund
Pan-African open-access broadband infrastructure operator developing metropolitan and long-distance fibre networks across sub-Saharan Africa.
Why they invested
- Funding fibre network expansion.
- Developing open-access digital infrastructure in Africa.
- Improving internet penetration and affordability in sub-Saharan Africa.
Advisers
- FTI Capital Advisors DIFC Limited — conseil financier, company side
Co-investors IDA Private Sector Window Blended Finance Facility
Source : convergencepartners.comN1 · Primary source
CRDB Bank Plc
October 2023 · TanzaniaGrowth68.3 M$Senior debtFinancial servicesLead
Activity : Banking
Instrument : IFC subscribed to 29.3 percent of the bond, equivalent to $20 million; total issuance $68.3 million · Vehicle : IDA Private Sector Window Local Currency Facility
CRDB Bank is a Tanzanian commercial bank. Its first green bond finances climate-smart agriculture, water, forestry, renewable-energy and green-building projects.
Why they invested
- Financing climate-friendly projects
- Supporting climate-smart agriculture
- Financing renewable energy and green buildings
- Developing Tanzania's local green-bond market
Source : ifc.orgN1 · Primary source
ANKA
September 2023 · Côte d'IvoireGrowth3.4 M$EquityE-commerceLead
Activity : Online marketplaces
Instrument : equity investment of $3.4 million
ANKA operates an online platform enabling African creators and merchants to sell products and manage payments and shipping. The platform particularly serves artisans and women-led businesses.
Why they invested
- Expansion of African online retail
- Access to new markets for artisans
- Supporting women-led small businesses
- Developing sales, payment and shipping services
Source : ifc.orgN1 · Primary source
Joliba Fund I
September 2023 · Côte d'IvoireUndisclosed amountFund of fundsLead
Fund-of-funds commitment: subscription in Joliba Capital
Activity : Fonds d'investissement
Instrument : Souscription pouvant atteindre 15 M EUR (7,5 M EUR du programme SME Ventures, 7,5 M EUR du guichet IDA) · Vehicle : Joliba Fund I
Joliba Fund I is a private equity fund targeting SMEs in Francophone West and Central Africa. It invests in consumer goods and services, financial services, transport and logistics, agribusiness, business services, healthcare and education.
Why they invested
- Financing SMEs in Francophone West and Central Africa
- Targeting markets underserved by private equity
- Supporting consumer, financial, logistics, agribusiness and healthcare sectors
- Significant focus on IDA-eligible countries
Co-investors FMO, LBO France, Proparco
Source : ifc.orgN1 · Primary source
Sunda Group
September 2023 · GhanaGrowth107 M$Senior debtManufacturingLead
Activity : Home and personal care
Instrument : loan of $107 million
Sunda Group is an Africa-based manufacturing group producing home-care and personal-care products. The financing supports expansion in Ghana, Côte d'Ivoire, Guinea, Kenya and Nigeria.
Why they invested
- Developing African manufacturing capacity
- Local production of home-care and personal-care products
- Expanding manufacturing capacity in Ghana
- Creating direct and indirect jobs
Source : ifc.orgN1 · Primary source
Metier Capital Growth Fund III
July 2023 · South Africa25 M$Fund of fundsLead
Fund-of-funds commitment: subscription in Metier Capital Growth Fund III
Activity : Fonds d'investissement
Instrument : Souscription de 25 M$, plus une enveloppe de co-investissement de 15 M$ · Vehicle : Metier Capital Growth Fund III
Metier Capital Growth Fund III invests in mid-market companies in Southern and East Africa, including telecommunications, FMCG, healthcare, non-bank financial services, manufacturing, infrastructure and energy.
Why they invested
- Growth capital for mid-market companies
- Focus on Southern and East Africa
- Sector diversification across telecoms, healthcare, manufacturing, energy and infrastructure
- Ability for IFC to co-invest alongside the fund
Source : ifc.orgN1 · Primary source
Amethis Fund III
July 2023 · KenyaUndisclosed amountFund of fundsLead
Fund-of-funds commitment: subscription in Amethis
Activity : Fonds d'investissement
Instrument : Souscription de 40 M EUR, plus une enveloppe de co-investissement pouvant atteindre 30 M EUR · Vehicle : Amethis Fund III
Amethis Fund III provides growth capital to African mid-sized companies in healthcare, FMCG, infrastructure and energy, non-bank financial services and manufacturing.
Why they invested
- Growth capital for African mid-sized companies
- Exposure to healthcare, consumer goods, infrastructure and energy
- Supporting non-bank financial services and manufacturing
- Targeting at least 25% of financing to women-owned or women-led businesses
Source : ifc.orgN1 · Primary source
BUA Cement Plc
June 2023 · NigeriaGrowth500 M$Senior debtManufacturingCo-Invest
Activity : Cement plants
Instrument : financing package of $500 million comprising $160.5 million IFC own-account loan, $94.5 million MCPP loan and $245 million parallel loans · Vehicle : Managed Co-Lending Portfolio Program (MCPP)
BUA Cement is a Nigerian cement producer. The financing supports two new energy-efficient production lines in Sokoto State in Northern Nigeria.
Why they invested
- Expanding cement production capacity
- Supporting industrialization in Northern Nigeria
- Improving energy efficiency
- Creating direct and indirect jobs
Co-investors Africa Finance Corporation, Banque africaine de développement, DEG
Source : ifc.orgN1 · Primary source
Africa Conservation and Communities Tourism Fund
May 2023 · South Africa13 M$Fund of fundsLead
Fund-of-funds commitment: subscription in Africa Conservation and Communities Tourism Fund
Activity : Fonds d'investissement
Instrument : Véhicule de dette structurée · Vehicle : Africa Conservation and Communities Tourism Fund
The ACCT Fund is a structured debt vehicle financing ecotourism operators around conservation areas in Eastern and Southern Africa. It targets safari camps, hotels and lodges.
Why they invested
- Supporting post-pandemic recovery of ecotourism
- Financing tourism operators around conservation areas
- Refinancing, refurbishing and expanding assets
- Generating conservation and community-development impact
Source : ifc.orgN1 · Primary source
CCA-Bank (Crédit communautaire d'Afrique)
May 2023 · CameroonDebtUndisclosed amountSenior debtFinancial servicesLead
Activity : Banque commerciale, financement des MPME
Instrument : Prêt senior pouvant atteindre 10 Md FCFA pour compte propre d'IFC, maturité jusqu'à six ans
Cameroonian bank focused on micro, small and medium-sized enterprises.
Why they invested
- Grow the MSME loan book
- Support women-led businesses
- Widen access to finance in Cameroon
Source : disclosures.ifc.org
Avenue Group Limited
April 2023 · KenyaGrowth12.7 M$Senior debtHealthcareLead
Activity : Clinics and hospitals
Instrument : loan of $12.7 million
Avenue Group is a private healthcare provider in Kenya. The financing supports construction and upgrading of hospitals and clinics and expansion of healthcare services.
Why they invested
- Expanding access to primary care
- Strengthening secondary and tertiary care
- Developing new healthcare facilities
- Increasing patient reach across Kenya
Source : ifc.orgN1 · Primary source
Bank of Africa Group
April 2023 · Côte d'IvoireDebt77 M$GuaranteeFinancial servicesLead
Activity : Banking
Instrument : risk-sharing facility of $77 million guaranteeing 50 percent of an aggregate loan portfolio of up to $154 million
Bank of Africa Group is a regional banking group operating across several sub-Saharan African countries. The risk-sharing facility supports SME lending, including in agriculture, trade, energy and construction.
Why they invested
- Increasing SME financing
- Supporting women-owned businesses
- Financing agriculture, trade, energy and construction
- Expanding credit in fragile and Sahelian markets
Source : ifc.orgN1 · Primary source
La Régionale SA
December 2022 · CameroonDebtUndisclosed amountSenior debtFinancial servicesLead
Activity : Microfinance
Instrument : Prêt senior non garanti pouvant atteindre 3 Md FCFA
Cameroonian microfinance institution lending to individuals and micro, small and medium-sized enterprises.
Why they invested
- Increase retail lending capacity
- Finance more MSMEs
- Improve access to finance for women
Source : disclosures.ifc.org
Uhuru Growth Fund I
August 2022 · Nigeria10 M$Fund of fundsLead
Fund-of-funds commitment: subscription in Uhuru Investment Partners
Activity : Fonds d'investissement
Instrument : Souscription pouvant atteindre 10 M$ sur fonds propres d'IFC, plus 10 M$ du guichet IDA · Vehicle : Uhuru Growth Fund I
Uhuru Growth Fund I provides growth capital to SMEs in West Africa, particularly in consumer and financial services. The fund targets Nigeria, Ghana, Côte d'Ivoire, Senegal, Mali and Burkina Faso.
Why they invested
- Growth capital for West African SMEs
- Focus on consumer and financial services
- Focus on low-income countries
- Target of at least 25% women-owned or women-led companies
Source : ifc.orgN1 · Primary source
Wave Mobile Money
July 2022 · SenegalGrowthUndisclosed amountSenior debtFintechCo-Invest
Activity : Payments and mobile money
Instrument : Financement de 90 M EUR, dont 25 M EUR pour compte propre d'IFC
Wave operates mobile-money services in Senegal and Côte d'Ivoire. The financing supports operational expansion, broader product offerings and customer growth.
Why they invested
- Expanding digital financial services
- Reducing the cost of mobile-money services
- Deepening the product offering
- Expanding the customer base in Senegal and Côte d'Ivoire
Co-investors BlueOrchard, Finnfund, Lendable, Norfund, responsAbility, Symbiotics
Source : ifc.orgN1 · Primary source
Bocom Petroleum SA
June 2022 · CameroonUndisclosed amountEnergyLead
Activity : Distribution de carburants et GPL
Instrument : Financement IFC signé le 30/06/2022, investi le 03/05/2023 ; montant et instrument non publiés
Distributor of petroleum products, LPG and lubricants.
Source : disclosures.ifc.orgN1 · Primary source · Other sources : IFC Disclosure
Société Camerounaise d'Équipement (SCE)
June 2022 · CameroonDebtUndisclosed amountSenior debtFinancial servicesLead
Activity : Crédit-bail
Instrument : Prêt senior non garanti à 4 ans pouvant atteindre 5,5 Md FCFA, dont 1,8 Md FCFA pour compte propre d'IFC
Cameroonian leasing company financing equipment for small and medium-sized enterprises.
Why they invested
- Expand SME leasing
- Widen business access to finance
Source : disclosures.ifc.org
AXIAN Telecom
February 2022 · TanzaniaGrowth420 M$Senior debtTelecoms & digital infrastructureLead
Activity : Telecom operators and ISPs
Instrument : anchor subscription of $50 million representing 12 percent of a $420 million bond issuance
AXIAN Telecom operates telecommunications networks and services across Africa. The bond investment supports digital infrastructure expansion primarily in Tanzania and Togo.
Why they invested
- Expansion of digital infrastructure
- Refinancing existing debt
- Improving access to affordable mobile connectivity
- Supporting Africa's digital economy
Source : ifc.orgN1 · Primary source
CIMAF (Ciments de l'Afrique)
November 2021 · SenegalDebt182 M$Senior debtManufacturingLead
Activity : Cement plants
Instrument : EUR 161.25m loan: IFC EUR 92.5m, Proparco EUR 33.75m (parallel loan), EAIF EUR 35m (B loan)
Cement subsidiary of Morocco's OIP group: expansion of grinding plants in Ghana and Mali, and a new integrated cement plant in Senegal to produce clinker locally.
Why they invested
- Produce clinker in West Africa rather than import it
- Three countries: Ghana, Mali, Senegal
Co-investors Emerging Africa Infrastructure Fund (EAIF), Proparco (Co-Lead)
Source : africaprivateequitynews.com
Growth17.25 M$Senior debtHealthcareLead
Activity : Labs and imaging
Instrument : EUR 15m loan: IFC EUR 7.5m (own account), Proparco EUR 7.5m (parallel loan); first-loss guarantee from the IDA Private Sector Window
Pan-African clinical laboratory network (Cerba HealthCare and Lancet Laboratories): upgrade of laboratories in Eswatini, Gabon, Ghana, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda and Zambia, and opening of new laboratories.
Why they invested
- Access to diagnostics where laboratory services are limited
- Ten Sub-Saharan African countries
Co-investors Proparco (Co-Lead)
Source : ifc.orgN1 · Primary source · Other sources : Proparco
Savannah Fund II
March 2021 · Kenya3 M$Fund of fundsLead
Fund-of-funds commitment: subscription in Savannah Fund II
Activity : Fonds d'investissement
Instrument : IFC mène le premier closing avec 3 M$ dans une levée de 25 M$ · Vehicle : Savannah Fund II
Savannah Fund II is a seed fund investing in African startups, including fintech, education, logistics, e-commerce, healthcare and agritech.
Why they invested
- Early-stage financing for African startups
- Supporting women entrepreneurs
- Targeting high-growth sectors
- Exposure to fintech, education, logistics, e-commerce, healthcare and agritech
Co-investors Women's Entrepreneurs Finance Initiative (We-Fi)
Source : ifc.orgN1 · Primary source
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, DEG, EDF, Emerging Africa Infrastructure Fund, FMO, OPEC Fund for International Development, Proparco, République du Cameroun, STOA
Source : africa50.comN1 · Primary source
Kobo360
December 2018 · NigeriaSeed6 M$EquityLogisticsCo-Invest
Co-investor alongside TLcom Capital
Activity : Supply chain software
Vehicle : TIDE Africa Fund I
Kobo360 connected shippers and truckers via a digital logistics platform in Nigeria, Kenya, Ghana and Côte d'Ivoire; the company has since faced severe financial difficulties.
Why they invested
- Digitization of pan-African road logistics
- Network effects between shippers and truckers
Source : kobo360.medium.com
Twiga Foods
November 2018 · KenyaSeries B10 M$EquityE-commerceCo-Invest
Co-investor alongside TLcom Capital
Activity : B2B e-commerce
Vehicle : TIDE Africa Fund I
Twiga Foods connects farmers and retailers through a tech-enabled food distribution platform in Kenya.
Why they invested
- Digitization of Kenya's informal food supply chain
- Strong network effects between farmers and retailers
Co-investors Global Agriculture and Food Security Program (GAFSP)
Source : techweez.com
Nachtigal Hydro Power Company (NHPC) : dette
November 2018 · CameroonDebtUndisclosed amountSenior debtEnergyLead
Activity : Hydroélectricité
Instrument : Prêt A IFC jusqu'à 130 M EUR ; IFC coordinateur de prêts parallèles jusqu'à 650 M EUR
420 MW run-of-river hydropower plant on the Sanaga.
Source : disclosures.ifc.orgN1 · Primary source · Other sources : IFC Disclosure
Echo-Lab (ex-Echo-Scan)
December 2017 · NigeriaGrowthUndisclosed amountEquityHealthcareCo-Invest
Co-investor alongside Integrated Diagnostics Holdings (IDH)
Activity : Labs and imaging
Instrument : Majority stake acquired by IDH and Man Capital LLP, in partnership with IFC; amount not disclosed
Laboratory and radiology network in Lagos, renamed Echo-Lab after its acquisition; IDH's platform for its entry into Nigeria.
Why they invested
- A foreign diagnostics group enters a market by acquiring a local network
Co-investors Man Capital LLP (Co-Lead)
Source : idhcorp.comN1 · Primary source
Growth100 M$EquityTelecoms & digital infrastructureCo-Invest
Co-investor alongside Convergence Partners
Activity : Telecom towers and fibre
Instrument : Investment of up to $100 million · Vehicle : Convergence Partners Communications Infrastructure Fund
Open-access broadband infrastructure operator with fibre networks in Ghana, Uganda and other sub-Saharan African markets.
Why they invested
- Deployment of metropolitan fibre networks.
- Accelerating access to affordable broadband connectivity.
- Developing the sub-Saharan digital economy.
Co-investors Google Africa Investment Fund, Mitsui & Co., Ltd.
Source : convergencepartners.comN1 · Primary source
Undisclosed amountFund of fundsCo-Invest
Fund-of-funds commitment: subscription in Partech Africa
Co-investor alongside Bpifrance (Fonds Averroès / Afrique)
Activity : Fonds d'investissement
Instrument : Souscription au fonds Partech Africa lors de son lancement (IFC en chef de file des institutions) · Vehicle : Averroès Finance III
Partech Africa is a venture capital fund dedicated to African technology companies with pan-African ambitions.
Why they invested
- Support for technology startups in sub-Saharan Africa
- Exposure to African digital champions
- Development of Africa's venture capital ecosystem
Co-investors Banque européenne d'investissement
Source : partechpartners.com
Kribi Power Development Company (KPDC)
January 2012 · CameroonDebtUndisclosed amountSenior debtEnergyLead
Activity : Centrale à gaz
Instrument : Dette syndiquée coordonnée par l'IFC avec prêts parallèles ; FMO 18 M EUR ; syndicat local mené par Standard Chartered (env. 60 M EUR)
216 MW gas-fired plant and 100 km line.
Co-investors Banque africaine de développement (BAD), BDEAC (Banque de développement des États de l'Afrique centrale), European Investment Bank, FMO, Proparco, Standard Chartered
Source : fmo.nlN1 · Primary source · Other sources : FMO
Dibamba Power Development Corporation
May 2011 · CameroonDebtUndisclosed amountSenior debtEnergyCo-Lead
Co-investor alongside Banque africaine de développement (BAD)
Activity : Centrale thermique
Instrument : 66 M EUR de prêts : BAD, IFC et FMO, 22 M EUR chacun
86 MW thermal plant near Douala.
Co-investors FMO (Co-Lead)
Source : afdb.orgN1 · Primary source · Other sources : BAD
La Camerounaise de Microfinance (Advans Cameroun)
October 2007 · CameroonGrowthUndisclosed amountEquityFinancial servicesLead
Activity : Microfinance
Instrument : Env. 2,3 M EUR : prêt (1,45 M USD) et prise de participation (0,53 M USD), montants du conseil
Microfinance institution, now Advans Cameroun.
Source : disclosures.ifc.orgN1 · Primary source · Other sources : IFC Disclosure
Tout Transit Transport Cameroun (3T Cameroun)
December 2005 · CameroonDebtUndisclosed amountSenior debtLogisticsLead
Activity : Transport routier et manutention
Instrument : Prêt A de 1,07 M EUR sur 7 ans
Road haulage and handling near the port of Douala.
Source : disclosures.ifc.orgN1 · Primary source · Other sources : IFC Disclosure
FME-GAZ Sarl
October 2001 · CameroonDebt310.5 k$Senior debtManufacturingLead
Activity : Gaz industriels
Instrument : Prêt de 0,31 M USD pour le compte propre de l'IFC
Production and distribution of oxygen and acetylene.
Source : disclosures.ifc.orgN1 · Primary source · Other sources : IFC Disclosure
IFC (International Finance Corporation) invests tickets ranging from 310.5 k$ to 420 M$, across the following sectors: Agribusiness, Retail & distribution, E-commerce, Energy, Fintech, Real estate, Manufacturing, Logistics, Media & entertainment, Healthcare, Digital health, Financial services, and Telecoms & digital infrastructure, in the following areas: West Africa, East Africa, Central Africa, and Southern Africa. Check in 30 seconds whether your company fits these criteria.