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IFC (International Finance Corporation)

Public data, unclaimed profile

World Bank Group institution financing the private sector in emerging markets: loans, equity, convertible instruments and advisory services, often alongside other development finance institutions.

At a glance

Based on observed investment behaviour: 63 recorded deals

Investor type
Development finance institution (inferred, not verified)
Capital type
Development finance institution (inferred from profile)
Observed ticket
311 k$ – 500 M$, median 50 M$ (36 disclosed amounts)
Stated ticket : 3.4 M$ – 107 M$
Countries
Cameroon (16), Nigeria (12), Kenya (8)
Activities
Banking (7), Telecom towers and fibre (4), Labs and imaging (3)
Instruments
Senior debt (40), Equity (13), Guarantee (3)
Stages
Debt (29), Growth (26), Series B (3)
Recent activity
25 deals in 12 months, latest Sept 2026

Stated thesis versus observed behaviour

  • Countries: 100% of its deals within its stated thesis
  • Ticket: 81% of its deals within its stated thesis

Does this fund fit your project?

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
310.5 k$ – 420 M$*
Instruments
Guarantee, Quasi-equity, Senior debt, Equity, Fund of funds, Mezzanine debt*
Preferred sectors
Agribusiness*, Retail & distribution*, E-commerce*, Energy*, Fintech*, Real estate*, Manufacturing*, Logistics*, Media & entertainment*, Healthcare*, Digital health*, Financial services*, Telecoms & digital infrastructure*
Target geographies
West Africa, East Africa, Central Africa, Southern Africa

* added from its deals

Stages (stated by the fund and from its deals)
SeedSeries ASeries BSeries C+GrowthDebt

Team and contacts

LinkedIn profiles, emails and phone numbers are reserved for signed-in members: create an account to access them.

Deals in progress

Nayo Tropical Technology

September 2026 · Nigeria
Under reviewDebt8.6 M$Senior debtEnergyLead

Project disclosed by IFC on 24 September 2026, pending Board approval; parallel lender not named.

Activity : Mini-grids and rural electrification

Instrument : Up to US$8.6m: US$5.8m IFC A loan and US$2.8m from a parallel lender; 14 mini-grids (14 MW, total cost US$29.7m)

Solar mini-grids in Enugu, Ondo, Niger states and the Federal Capital Territory (DARES programme).

Why they invested

  • Distributed rural electrification (DARES)

Source : thestar.ngN2 · Cross-checked (2+ outlets) · Other sources : CSR Reporters

Dorado Cashew (usine Bluejay, Yamoussoukro)

August 2026 · Côte d'Ivoire
Under reviewGrowth15 M$Senior debtAgribusinessLead

IFC loan under review, not approved at the time of the announcement; commissioning targeted for Q1 2027.

Activity : Cocoa, coffee and export crops

Instrument : USD 15m loan under review; USD 18m project including USD 3m of shareholder equity

New 50,000 t/year cashew processing plant in the Yamoussoukro industrial zone (2.5 MW solar, boiler, 30,000 t warehouse), alongside the Toumodi plant.

Why they invested

  • Greenfield plant more than 80% debt-funded

Source : ecomatin.netN2 · Cross-checked (2+ outlets)

KCB Bank Kenya

August 2026 · Kenya
Under reviewDebt150 M$Senior debtFinancial servicesLead

Submitted to IFC's Board on 4 September 2026; decision and parallel lenders not published.

Activity : SME finance

Instrument : US$150m loan (KSh 19.4bn): US$100m from IFC and US$50m from parallel lenders to be mobilised; SME lending and capital strengthening

On-lending to SMEs in Kenya.

Why they invested

  • SME credit lines through banks

Source : businessdailyafrica.comN3 · Single source

Alios Finance Cameroun

June 2026 · Cameroon
Subscription openDebt22.791 M$Senior debtFinancial servicesCo-Invest

Subscription opened on 29 June, extended twice to 10 September 2026; result not published. Previous issue (2025) 90% placed.

Activity : Leasing and factoring

Instrument : XAF 13bn APE 04/26 bond (COSUMAF visa): 10bn at 6.60% over 3 years, 3bn at 7.20% over 5 years; IFC considering up to XAF 6.9bn (53%)

Cameroonian leasing company.

Source : investiraucameroun.comN2 · Cross-checked (2+ outlets) · Other sources : Investir au Cameroun

Catramp

June 2026 · Cameroon
ApprovedDebt8.625 M$Senior debtLogisticsLead

Approved by IFC (CATRAMP I project on the World Bank Group board calendar); signing not published.

Activity : Warehousing and cold chain

Instrument : EUR 7.5m (≈XAF 5bn) loan backed by the IDA Private Sector Window; EUR 10.1m project incl. EUR 2.6m from shareholders

Cameroonian logistics company: Category A warehouses in Douala and Kribi, expanding to Chad and CAR; about 420 direct jobs planned.

Why they invested

  • Douala–N'Djamena and Douala–Bangui corridors
  • Local champion support (Local Champions Initiative)

Source : businessincameroon.comN1 · Primary source · Other sources : Calendrier du conseil, Groupe Banque mondiale

Gozem

April 2026 · Togo
Under reviewDebt24.15 M$Senior debtFinancial servicesLead

Project disclosed on IFC's portal on 27 April 2026; pending board approval.

Activity : Vehicle and productive-asset finance

Instrument : EUR 21m: EUR 8m senior (IFC), EUR 8m subordinated (IDA21 window), EUR 5m to be mobilised; fleet in Benin, Cameroon, Congo and Togo (2026-2028)

Mobility super-app financing drivers ('Drive-to-Buy').

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

Platcorp Holdings (filiales kényanes)

February 2026 · Kenya
Under reviewDebt52 M$Senior debtFinancial servicesLead

Project disclosed by IFC on 25 February 2026, Board expected on 27 March; status 'pending approval' on IFC's project page.

Activity : Microfinance

Instrument : Up to US$52m: US$27m for IFC's own account and US$25m to be mobilised; five four-year senior loans, including US$20m for two Kenyan subsidiaries

Microfinance for MSMEs in Kenya, Uganda and Tanzania (50% women-owned target).

Source : disclosures.ifc.orgN1 · Primary source · Other sources : Ecofin

Catalyst Fund (véhicule climat de 40 M$)

October 2025
Under reviewSeed6 M$Fund of fundsBusiness & personal servicesLead

IFC proposed investment, not confirmed at the time of the announcement.

Fund-of-funds commitment: subscription in Catalyst Fund (véhicule climat de 40 M$)

Activity : Asset management and markets

Instrument : Proposed IFC equity investment of up to USD 6m

USD 40m pre-seed and seed vehicle for African climate start-ups: resilience fintech, livelihoods, essential services.

Source : disruptafrica.comN2 · Cross-checked (2+ outlets)

Reference deals

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

InfraCredit

September 2026 · Nigeria
SignedDebt50 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

Complete Farmer

September 2026 · Ghana
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 · Ghana
Debt50 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

Jumia

August 2026 · Nigeria
50 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 · Kenya
SignedDebt24.2 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 Africa
SignedGrowth40 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 Africa
Debt104.938 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 · Cameroon
SignedDebt60 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 · Nigeria
SignedDebt83.2 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 Africa
SignedGrowth86.25 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 Africa
SignedDebt200 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 Africa
Growth61.728 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 · Kenya
Growth16.5 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 · Senegal
GrowthUndisclosed 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 · Cameroon
GrowthUndisclosed 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 Africa
Debt10 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 · Mali
GrowthUndisclosed 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

Filmmakers Mart

August 2025 · Nigeria
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 · Senegal
10 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 Africa
GrowthUndisclosed 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 Africa
Debt250 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

Lagos Free Zone Company

January 2025 · Nigeria
Growth50 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 · Cameroon
Debt60 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 · Kenya
5 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 2024
Debt95 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 · Mauritius
Debt50 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 · Kenya
Series 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 · Nigeria
10.5 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 · Senegal
5 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 Africa
30 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 2023
GrowthUndisclosed 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

CSquared

November 2023 · Uganda
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 · Tanzania
Growth68.3 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'Ivoire
Growth3.4 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'Ivoire
Undisclosed 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 · Ghana
Growth107 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 Africa
25 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 · Kenya
Undisclosed 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 · Nigeria
Growth500 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 Africa
13 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 · Cameroon
DebtUndisclosed 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 · Kenya
Growth12.7 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'Ivoire
Debt77 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 · Cameroon
DebtUndisclosed 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 · Nigeria
10 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 · Senegal
GrowthUndisclosed 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 · Cameroon
Undisclosed 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 · Cameroon
DebtUndisclosed 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 · Tanzania
Growth420 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 · Senegal
Debt182 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

Cerba Lancet Africa

May 2021 · Nigeria
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 · Kenya
3 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

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, 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 · Nigeria
Seed6 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 · Kenya
Series 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 · Cameroon
DebtUndisclosed 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 · Nigeria
GrowthUndisclosed 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

CSquared

November 2017 · Ghana
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

Partech Africa

2017 · Senegal
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 · Cameroon
DebtUndisclosed 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 · Cameroon
DebtUndisclosed 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 · Cameroon
GrowthUndisclosed 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 · Cameroon
DebtUndisclosed 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 · Cameroon
Debt310.5 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

In short

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.