Africa Renewable Energy Fund

Equity : October 2014

AREF is an equity fund dedicated to renewable energy projects in sub-Saharan Africa.

Amount

€ 8,896,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation
  • Access to basic services & goods
  • Fight against climate change and preservation of natural resources

Beneficiary locations

Sub-Saharan Africa: Ghana, Kenya, Senegal, Uganda, Zambia

Investment field

Investment Companies & Funds

Activity

Infrastructure fund

Organisation

Africa Renewable Energy Fund

The Africa Renewable Energy Fund (AREF) is an initiative of the African Development Bank (AfDB) with an important contribution of the Sustainable Energy Fund for Africa (SEFA).

AREF invests into small hydro, wind, geothermal, solar, and biomass projects across Sub-Saharan Africa, excluding South Africa. The fund will essentially acquire controlling equity stakes in the projects so that the fund manager is able to determine the strategy of the companies.


Development impacts

  • Local economic growth

    Access to long-term financing for infrastructure

  • Private sector consolidation/innovation

    The renewable energy market in Africa has a lack of developers’ capacity. The fund will help develop the market participants’ knowledge and experience.

  • Access to basic services & goods

    Africa suffers from severe energy shortages. The fund's investments will increase capacity.

  • Fight against climate change and preservation of natural resources

    Cleaner energy for SSA: Based on the fund model assumptions, these projects would allow for a yearly reduction of CO2 emissions of 200,000 tons a year compared to brown energy alternatives.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

Achwa1

Uganda

Achwa 1 is a 42MW run-of-the-river hydropower project located in Northern Uganda, in the districts of Pader, Gulu, and Kitgum, along the Achwa River. The project is under construction and is expected to be completed in Q1 2021.

Achwa2

Uganda

Achwa 2 is a 41MW run-of-the-river hydropower project located in Northern Uganda, in the districts of Pader, Gulu, and Kitgum, along the Achwa River. The project became operational after achieving deemed commercial operations in October 2019.

APSD

Ghana

Africa Plantation for Sustainable Development (APSD) is a 60MW biomass project located near the Atebubu town, Brong Ahafo Province in Central Ghana.

Azimuth

Ghana

Azimuth develops, constructs and operates 100kW to 2.5MW solar installations with power sold to commercial and industrial customers in Sub-Saharan Africa.

Bugoye

Uganda

Bugoye is a 13MW run-of-the-river hydroelectric power plant located in Bugoye sub-county, Kasese district, which is at the foot of the Rwenzori Mountains in Western Uganda. The project is operational with an annual average generation of 78GWh.

Chipapaso

Zambia

Chipapaso is a 9.9MW run of river hydro project located on the Munensi River, a tributary of the Munyamadzi River in Mpika District in Muchinga Province in Zambia. The project is under development and expected to be submitted under the GET FIT programme.

Corbetti

Ethiopia

Corbetti is a 150MW geothermal project located in the Corbetti Caldera, approximately 250km south-west of Addis Ababa in between the towns of Shashamene and Hawassa in the Oromia Region of Ethiopia. Corbetti signed an amended PPA and Implementation Agreement with the state-owned power utility EEP in March 2020 and drilling of the first exploration wells will commence following the PPA Effective Date.

Dibombe

Cameroon

Dibombe is a run of river project with a proposed installed capacity of 62.6MW and located along the Dibombe River in the Littoral region in the Francophone part of Cameroon. The project is under development with the feasibility study concluded and under validation by the Ministry of Water and Energy (MINEE).

Kikagati

Tanzania, Uganda

Kikagati is a 16MW run-of-river hydropower project located along the Kagera River in South-Western Uganda on the Tanzania-Uganda border. The project is under construction and estimated for completion in Q1 2021. This project is the result of ground-breaking co-operation between the Tanzanian and Ugandan government with power being provided to both countries.

Mahitsy

Madagascar

Mahitsy is a 28MW run-of-river hydropower project located on the Ikopa River, 35km north-west of the capital, Antananarivo. The project is under construction with targeted completion in Q1 2021 and is estimated to have an annual generation output of 124GWh.

Sahanivotry

Madagascar

Sahanivotry is a 16.5MW run-of-river hydropower project located on the Ampamehana River, 30km south of the third largest town, Antsirabe, in central Madagascar. The project has been operational since achieving COD in October 2008 and has an annual average output of 75GWh.

Vuka

The Vuka hydro projects are located along the Cuango River in the province of Lunda Norte in Angola. Three sites have been initially identified and are under development. The project sites are estimated to possess a potential capacity in excess of 200MW.

View more of our investments in this region

Electrical Controls and Switchgear Ltd.

Enterprises

Electrical Controls and Switchgear Ltd.

  32,366.50

  Uganda

  04/08/2022

  Subsidy

Poa! Internet

Enterprises

Poa! Internet

  17,264.00

  Kenya

  08/09/2022

  Subsidy

candi solar

Infrastructure

candi solar

  15,203.00

  India, South Africa

  30/05/2022

  Subsidy

Comafruits SA

Enterprises

Comafruits SA

  2,500,000.00

  Mali

  08/06/2022

  Debt

Convergence Partners Digital Infrastructure Fund L.P.

Investment Companies & Funds

Convergence Partners Digital Infrastructure Fund L.P.

  8,829,240.00

  Ghana, Kenya, Nigeria, South Africa

  05/07/2022

  Equity

Société de Cultures Légumières S.A.

Enterprises

Société de Cultures Légumières S.A.

  19,550.00

  Senegal

  13/07/2022

  Subsidy

Ascent Rift Valley Fund II

Investment Companies & Funds

Ascent Rift Valley Fund II

  323,539.00

  Ethiopia, Kenya, Rwanda, Tanzania, Uganda

  08/02/2022

  Subsidy

Victoria Commercial Bank

Financial Institutions

Victoria Commercial Bank

  8,149,300.00

  Kenya

  24/03/2022

  Debt

Fidelity Bank Ltd.

Financial Institutions

Fidelity Bank Ltd.

  32,583.00

  Ghana

  31/03/2022

  Subsidy

Fefisol II

Investment Companies & Funds

Fefisol II

  3,000,000.00

  Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda

  17/05/2022

  Equity

Uhuru Growth Fund I-A SCP

Investment Companies & Funds

Uhuru Growth Fund I-A SCP

  7,063,392.00

  Burkina Faso, Côte d'Ivoire, Ghana, Mali, Nigeria, Senegal

  31/03/2022

  Equity

Uhuru Growth Fund I-A SCP

Investment Companies & Funds

Uhuru Growth Fund I-A SCP

  2,500,000.00

  Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Mali, Nigeria, Senegal

  31/03/2022

  Equity

AfricInvest Financial Inclusion Vehicle

Investment Companies & Funds

AfricInvest Financial Inclusion Vehicle

  10,000,000.00

  20/04/2022

  Equity

AfricInvest Financial Inclusion Vehicle

Investment Companies & Funds

AfricInvest Financial Inclusion Vehicle

  3,200,000.00

  20/04/2022

  Equity

Agroserv Industrie SA

Enterprises

Agroserv Industrie SA

  23,035.00

  Burkina Faso

  31/03/2022

  Subsidy

EFC Uganda

Financial Institutions

EFC Uganda

  744,274.00

  Uganda

  10/08/2021

  Equity

Spark + Africa Fund

Infrastructure

Spark + Africa Fund

  2,444,790.00

  Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Rwanda, Senegal, Tanzania, Uganda

  10/03/2022

  Equity

Alterfin

Financial Institutions

Alterfin

  80,000.00

  Cambodia, Nicaragua, Peru, Côte d'Ivoire, Kenya

  03/03/2022

  Subsidy

Gebana Burkina Faso

Enterprises

Gebana Burkina Faso

  13,464.00

  Burkina Faso

  11/01/2022

  Subsidy

Social Performance Task Force

Financial Institutions

Social Performance Task Force

  43,221.00

  01/02/2022

  Subsidy

candi solar

Infrastructure

candi solar

  4,074,650.00

  India, South Africa

  10/12/2021

  Debt

Cofina Mali

Financial Institutions

Cofina Mali

  3,000,000.00

  Mali

  22/10/2021

  Debt

Cofina Mali

Financial Institutions

Cofina Mali

  4,185.00

  Mali

  23/11/2021

  Subsidy

ACEP Group

Financial Institutions

ACEP Group

  12,500.00

  Burkina Faso

  19/10/2021

  Subsidy

ACEP Group

Financial Institutions

ACEP Group

  14,000.00

  Cameroon

  18/10/2021

  Subsidy

SDG Frontier Fund

Investment Companies & Funds

SDG Frontier Fund

  6,330,000.00

  03/03/2020

  Equity

Plantations et Huileries du Congo

Enterprises

Plantations et Huileries du Congo

  46,918.00

  Democratic Republic of Congo

  18/03/2021

  Subsidy

KCB Kenya

Financial Institutions

KCB Kenya

  28,200.00

  Kenya

  13/07/2021

  Subsidy

FINCA Malawi

Financial Institutions

FINCA Malawi

  5,192.21

  Malawi

  13/07/2021

  Subsidy

Lendable MSME Fintech Credit Fund

Investment Companies & Funds

Lendable MSME Fintech Credit Fund

  2,994,950.00

  India, Indonesia, Vietnam, Kenya, Nigeria, South Africa

  20/08/2021

  Equity

Fonds Cauris Croissance II

Investment Companies & Funds

Fonds Cauris Croissance II

  5,000,000.00

  Benin, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Guinea, Mali, Niger, Senegal

  05/10/2010

  Equity

Cathay Africinvest Innovation Fund

Investment Companies & Funds

Cathay Africinvest Innovation Fund

  4,000,000.00

  Egypt, Kenya, Nigeria, South Africa

  21/05/2021

  Equity

Cathay Africinvest Innovation Fund

Investment Companies & Funds

Cathay Africinvest Innovation Fund

  6,000,000.00

  Egypt, Kenya, Nigeria, South Africa

  21/05/2021

  Equity

Advans Côte d'Ivoire

Financial Institutions

Advans Côte d'Ivoire

  2,000,000.00

  Côte d'Ivoire

  02/07/2021

  Debt

Advans Côte d'Ivoire

Financial Institutions

Advans Côte d'Ivoire

  54,229.44

  Côte d'Ivoire

  14/10/2021

  Subsidy

Alterfin

Investment Companies & Funds

Alterfin

  20,125.00

  Cambodia, Nicaragua, Côte d'Ivoire, Kenya

  03/08/2021

  Subsidy

XpressGas Limited

Enterprises

XpressGas Limited

  2,444,790.00

  Ghana

  17/05/2021

  Debt

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  15,000,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  22/12/2020

  Debt

Société Générale d'Hôtellerie

Enterprises

Société Générale d'Hôtellerie

  29,727.00

  Mali

  26/01/2021

  Subsidy

Agroserv Industrie SA

Enterprises

Agroserv Industrie SA

  10,256.00

  Burkina Faso

  09/02/2021

  Subsidy

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

African Minerals Limited

Enterprises

African Minerals Limited

  740,784.67

  Uganda

  22/12/2009

  Debt

Africinvest Fund II LLC.

Investment Companies & Funds

Africinvest Fund II LLC.

  6,000,000.00

  Tunisia, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Kenya, Nigeria, Senegal

  28/08/2008

  Equity

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  5,000,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  08/12/2010

  Debt

Oragroup S.A.

Financial Institutions

Oragroup S.A.

  5,000,000.00

  Benin, Côte d'Ivoire, Guinea

  07/01/2011

  Equity

Interact Climate Change Facility

Investment Companies & Funds

Interact Climate Change Facility

  6,000.00

  India, Mongolia, Honduras, Côte d'Ivoire, Ghana

  23/02/2011

  Equity

Interact Climate Change Facility

Investment Companies & Funds

Interact Climate Change Facility

  10,000,000.00

  India, Mongolia, Honduras, Côte d'Ivoire, Ghana

  23/02/2011

  Debt

Bank of Africa Group S.A.

Financial Institutions

Bank of Africa Group S.A.

  1,954,160.00

  Benin, Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Uganda

  30/03/2011

  Equity

Agri-Vie Fund II

Investment Companies & Funds

Agri-Vie Fund II

  350,000.00

  Kenya, South Africa, Tanzania, Uganda, Zambia

  23/11/2020

  Subsidy

Phatisa Food Fund 2

Investment Companies & Funds

Phatisa Food Fund 2

  5,767,300.00

  Ghana, Kenya, Malawi, South Africa, Tanzania, Uganda, Zambia

  29/01/2021

  Equity

Indorama Eleme Fertilizer & Chemicals Ltd

Enterprises

Indorama Eleme Fertilizer & Chemicals Ltd

  11,368,500.00

  Nigeria

  18/02/2013

  Debt

Société de Distribution de Matériel Avicole

Enterprises

Société de Distribution de Matériel Avicole

  3,000,000.00

  Senegal

  03/04/2013

  Debt

Société de Cultures Légumières S.A.

Enterprises

Société de Cultures Légumières S.A.

  4,000,000.00

  Senegal

  31/10/2013

  Debt

Oragroup S.A.

Financial Institutions

Oragroup S.A.

  5,000,000.00

  Benin, Côte d'Ivoire

  12/05/2014

  Debt

Electrical Controls and Switchgear Ltd.

Enterprises

Electrical Controls and Switchgear Ltd.

  725,111.00

  Uganda

  27/01/2015

  Debt

Orabank Côte d'Ivoire

Financial Institutions

Orabank Côte d'Ivoire

  10,000,000.00

  Burkina Faso, Côte d'Ivoire, Guinea, Mali, Niger, Senegal

  09/02/2016

  Debt

Société de Cultures Légumières S.A.

Enterprises

Société de Cultures Légumières S.A.

  2,600,000.00

  Senegal

  02/11/2016

  Debt

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  6,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  21/11/2003

  Equity

Grofin East Africa Fund LLC.

Investment Companies & Funds

Grofin East Africa Fund LLC.

  2,211,000.00

  Kenya, Rwanda, Tanzania, Uganda

  25/01/2006

  Equity

Rubaya-Nyabihu Tea Company Ltd.

Enterprises

Rubaya-Nyabihu Tea Company Ltd.

  3,674,000.00

  Rwanda

  01/03/2017

  Debt

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  105,000.00

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  11/09/2018

  Subsidy

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  18/06/2015

  Equity

Enko Education

Enterprises

Enko Education

  850,000.00

  Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa

  17/12/2020

  Debt

Zoscales Fund I

Investment Companies & Funds

Zoscales Fund I

  350,000.00

  Ethiopia, Kenya, Rwanda, Tanzania, Uganda

  23/11/2020

  Subsidy

JTF Madagascar

Enterprises

JTF Madagascar

  17,463.50

  Madagascar

  09/10/2020

  Subsidy

KCB Kenya

Financial Institutions

KCB Kenya

  18,040,180.40

  Kenya

  22/12/2020

  Debt

Ascent Rift Valley Fund II

Investment Companies & Funds

Ascent Rift Valley Fund II

  2,300,000.00

  Ethiopia, Kenya, Rwanda, Tanzania, Uganda

  17/12/2020

  Equity

Ascent Rift Valley Fund II

Investment Companies & Funds

Ascent Rift Valley Fund II

  5,743,220.00

  Ethiopia, Kenya, Rwanda, Tanzania, Uganda

  23/12/2020

  Equity

AviNiger

Enterprises

AviNiger

  1,000,000.00

  Niger

  21/10/2020

  Debt

EDFI Management Company

Financial Institutions

EDFI Management Company

  159,905.00

  14/10/2020

  Equity

Helios Towers DRC

Infrastructure

Helios Towers DRC

  10,592,199.71

  Democratic Republic of Congo

  17/12/2013

  Debt

Banque de Crédit de Bujumbura

Financial Institutions

Banque de Crédit de Bujumbura

  1,053,568.00

  Burundi

  18/09/2020

  Equity

ACEP Group

Financial Institutions

ACEP Group

  30,900.00

  Burkina Faso, Cameroon, Madagascar, Niger, Senegal

  30/07/2018

  Subsidy

AfricInvest Financial Sector Limited LLC

Investment Companies & Funds

AfricInvest Financial Sector Limited LLC

  5,000,000.00

  Burkina Faso, Kenya, Madagascar, Mali, Mozambique, Nigeria, Rwanda, Uganda, Zambia

  20/12/2013

  Equity

African Rivers Fund III

Investment Companies & Funds

African Rivers Fund III

  1,500,000.00

  Democratic Republic of Congo, Uganda

  01/09/2020

  Equity

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  100,000.00

  Côte d'Ivoire, Ghana, Madagascar

  05/05/2020

  Subsidy

Alterfin

Financial Institutions

Alterfin

  3,000,000.00

  Cambodia, Nicaragua, Côte d'Ivoire, Kenya

  15/07/2020

  Debt

African Rivers Fund III

Investment Companies & Funds

African Rivers Fund III

  6,113,520.00

  Democratic Republic of Congo, Uganda

  01/09/2020

  Equity

Off-Grid Solar and Financial Access Senior Debt Fund

Investment Companies & Funds

Off-Grid Solar and Financial Access Senior Debt Fund

  4,385,750.00

  11/10/2018

  Debt

ACEP Burkina Faso

Financial Institutions

ACEP Burkina Faso

  1,441,675.96

  Burkina Faso

  29/10/2016

  Debt

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  350,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  07/04/2020

  Subsidy

Centre médical de la Communauté

Enterprises

Centre médical de la Communauté

  2,719,298.00

  Democratic Republic of Congo

  09/05/2016

  Debt

Aquila Leasing

Financial Institutions

Aquila Leasing

  4,000,000.00

  Nigeria

  09/03/2015

  Debt

Aquila Leasing

Financial Institutions

Aquila Leasing

  3,828,000.00

  Nigeria

  09/02/2010

  Debt

Advans Côte d'Ivoire

Financial Institutions

Advans Côte d'Ivoire

  122,950.00

  Côte d'Ivoire

  18/07/2019

  Subsidy

Advans Côte d'Ivoire

Financial Institutions

Advans Côte d'Ivoire

  3,000,000.00

  Côte d'Ivoire

  15/05/2017

  Debt

Bank of Africa RDC

Financial Institutions

Bank of Africa RDC

  695,000.00

  Democratic Republic of Congo

  26/05/2011

  Equity

Bank of Africa RDC

Financial Institutions

Bank of Africa RDC

  1,466,000.00

  Democratic Republic of Congo

  29/01/2010

  Equity

Alios Finance S.A.

Financial Institutions

Alios Finance S.A.

  2,877,422.00

  Kenya, Tanzania, Zambia

  15/12/2015

  Debt

Gigawatt Burundi

Infrastructure

Gigawatt Burundi

  42,794.00

  Burundi

  06/06/2016

  Subsidy

EFC Uganda

Financial Institutions

EFC Uganda

  16,144.00

  Uganda

  18/12/2019

  Subsidy

JTF Madagascar

Enterprises

JTF Madagascar

  59,581.00

  Madagascar

  19/12/2019

  Subsidy

JTF Madagascar

Enterprises

JTF Madagascar

  3,750,000.00

  Madagascar

  25/11/2019

  Debt

Zoscales Fund I

Investment Companies & Funds

Zoscales Fund I

  21,757.30

  Ethiopia, Kenya, Rwanda, Tanzania, Uganda

  12/11/2019

  Subsidy

FINCA Malawi

Financial Institutions

FINCA Malawi

  1,310,040.00

  Malawi

  26/11/2019

  Debt

Société Générale d'Hôtellerie

Enterprises

Société Générale d'Hôtellerie

  4,000,000.00

  Mali

  28/09/2015

  Debt

Frontier Energy II

Investment Companies & Funds

Frontier Energy II

  8,151,000.00

  Kenya, Rwanda, Tanzania, Uganda

  21/03/2018

  Equity

Regmifa

Investment Companies & Funds

Regmifa

  3,743,000.00

  05/05/2010

  Equity

AfricInvest Financial Inclusion Vehicle

Investment Companies & Funds

AfricInvest Financial Inclusion Vehicle

  10,000,000.00

  Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia

  14/12/2017

  Equity

Alterfin

Investment Companies & Funds

Alterfin

  250,000.00

  Cambodia, Nicaragua, Côte d'Ivoire, Kenya

  13/12/2002

  Equity

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  3,000,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  24/10/2019

  Equity

Fidelity Bank Ltd.

Financial Institutions

Fidelity Bank Ltd.

  25,075.00

  Ghana

  03/04/2019

  Subsidy

Fidelity Bank Ltd.

Financial Institutions

Fidelity Bank Ltd.

  14,433,000.00

  Ghana

  20/12/2016

  Debt

ACEP Group

Financial Institutions

ACEP Group

  4,100,000.00

  Burkina Faso, Cameroon, Madagascar, Niger, Senegal

  14/10/2019

  Equity

Verod Capital Growth Fund III

Investment Companies & Funds

Verod Capital Growth Fund III

  8,733,600.00

  Ghana, Nigeria

  25/07/2019

  Equity

Ecobank Transnational Inc.

Financial Institutions

Ecobank Transnational Inc.

  12,600,000.00

  20/12/2017

  Debt

Ecobank Transnational Inc.

Financial Institutions

Ecobank Transnational Inc.

  15,000,000.00

  29/06/2012

  Debt

ARPE Ltd.

Infrastructure

ARPE Ltd.

  8,236,550.00

  Uganda

  07/12/2016

  Debt

Banco Comercial e de Investimento

Financial Institutions

Banco Comercial e de Investimento

  11,194,029.85

  Mozambique

  29/01/2013

  Debt

EFC Uganda

Financial Institutions

EFC Uganda

  285,933.00

  Uganda

  28/09/2016

  Equity

EFC Uganda

Financial Institutions

EFC Uganda

  1,000,000.00

  Uganda

  23/03/2018

  Equity

African Rivers Fund

Investment Companies & Funds

African Rivers Fund

  4,118,275.00

  Democratic Republic of Congo, Uganda

  02/02/2016

  Equity

Plantations et Huileries du Congo

Enterprises

Plantations et Huileries du Congo

  9,741,280.77

  Democratic Republic of Congo

  21/12/2015

  Debt

Kivuwatt Ltd.

Infrastructure

Kivuwatt Ltd.

  7,750,715.07

  Rwanda

  24/08/2011

  Debt

FPM - Fonds pour l'inclusion financière en DRC

Investment Companies & Funds

FPM - Fonds pour l'inclusion financière en DRC

  5,800,888.00

  Democratic Republic of Congo

  26/06/2014

  Equity

FPM - Fonds pour l'inclusion financière en DRC

Investment Companies & Funds

FPM - Fonds pour l'inclusion financière en DRC

  242,280.00

  Democratic Republic of Congo

  23/04/2018

  Subsidy

Rwimi EP Company

Infrastructure

Rwimi EP Company

  9,426,443.00

  Uganda

  29/07/2015

  Debt

Rwanda Mountain Tea

Infrastructure

Rwanda Mountain Tea

  1,986,637.72

  Rwanda

  21/12/2011

  Debt

Beyond the Grid Solar Fund

Investment Companies & Funds

Beyond the Grid Solar Fund

  3,185,582.00

  Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda

  26/10/2017

  Debt

Azito Energie

Infrastructure

Azito Energie

  15,000,000.00

  Côte d'Ivoire

  19/07/2019

  Debt

Senergy II

Infrastructure

Senergy II

  9,100,000.00

  Senegal

  13/11/2017

  Debt

Ten Merina Ndakhar

Infrastructure

Ten Merina Ndakhar

  16,000,000.00

  Senegal

  06/12/2016

  Debt

Agri-Vie Fund II

Investment Companies & Funds

Agri-Vie Fund II

  6,552,700.00

  Kenya, South Africa, Tanzania, Uganda, Zambia

  20/01/2017

  Equity

Adenia Capital IV

Investment Companies & Funds

Adenia Capital IV

  9,000,000.00

  Côte d'Ivoire, Ghana, Kenya, Madagascar

  01/11/2016

  Equity

ACEP Group

Financial Institutions

ACEP group

  67,512.00

  Burkina Faso, Cameroon, Madagascar, Niger, Senegal

  23/07/2019

  Subsidy

Laiterie du Berger

Enterprises

Laiterie du Berger

  1,600,000.00

  Senegal

  18/07/2019

  Debt

TLcom TIDE Africa

Investment Companies & Funds

TIDE Africa

  4,367,820.00

  Kenya, Nigeria

  28/06/2019

  Equity

Ethos Mezzanine Partners 3

Investment Companies & Funds

Ethos Mezzanine Partners 3

  8,868,980.00

  Burundi, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, South Africa, Tanzania, Uganda, Zambia

  13/06/2019

  Equity

Enda Tamweel

Financial Institutions

Enda Tamweel

  8,000,000.00

  Tunisia

  21/06/2019

  Debt

Africa Sustainable Forestry Fund II

Investment Companies & Funds

Africa Sustainable Forestry Fund II

  4,366,800.00

  South Africa, Tanzania, Uganda

  26/04/2018

  Equity

I&P Afrique Entrepreneurs II

Investment Companies & Funds

I&P Afrique Entrepreneurs II

  5,000,000.00

  05/02/2019

  Equity

Compagnie Africaine de Crédit

Financial Institutions

Compagnie Africaine de Crédit

  4,200.00

  Côte d'Ivoire

  28/01/2019

  Subsidy

Cofina Sénégal SA

Financial Institutions

Cofina Sénégal SA

  4,320.00

  Senegal

  28/01/2019

  Subsidy

AccessBank Nigeria

Financial Institutions

AccessBank Nigeria

  15,024,304.02

  Nigeria

  30/01/2019

  Debt

AccessBank Nigeria

Financial Institutions

AccessBank Nigeria

  2,232,000.00

  Nigeria

  09/03/2006

  Debt

AviNiger

Enterprises

AviNiger

  150,000.00

  Niger

  05/03/2018

  Subsidy

AviNiger

Enterprises

AviNiger

  4,272.75

  Niger

  05/03/2018

  Subsidy

AviNiger

Enterprises

AviNiger

  2,450,000.00

  Niger

  28/11/2017

  Debt

Azito Energie

Infrastructure

Azito Energie

  17,760,600.00

  Côte d'Ivoire

  18/10/2012

  Debt

Enko Education

Enterprises

Enko Education

  2,000,000.00

  Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa

  20/09/2018

  Debt

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  5,000,000.00

  Côte d'Ivoire, Ghana, Madagascar

  28/02/2012

  Equity

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  100,000.00

  Côte d'Ivoire, Ghana, Madagascar

  19/05/2016

  Subsidy

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  150,000.00

  Côte d'Ivoire, Ghana, Madagascar

  28/09/2012

  Subsidy

Comptoir de Distribution de Produits Agro-alimentaires S.A.R.L

Enterprises

CDPA

  3,000,000.00

  Benin

  22/03/2013

  Debt

Comptoir de Distribution de Produits Agro-alimentaires S.A.R.L

Enterprises

CDPA

  69,190.00

  Benin

  24/07/2014

  Subsidy

Niche Cocoa Industry Ltd

Enterprises

Niche Cocoa

  449,000.00

  Ghana

  29/12/2010

  Debt

Niche Cocoa Industry Ltd

Enterprises

Niche Cocoa

  4,300,000.00

  Ghana

  02/06/2015

  Debt

Niche Cocoa Industry Ltd

Enterprises

Niche Cocoa

  41,603.00

  Ghana

  16/03/2016

  Subsidy

Maghreb Private Equity Fund III

Investment Companies & Funds

Maghreb Private Equity Fund III

  6,000,000.00

  Algeria, Morocco, Tunisia

  05/09/2011

  Equity

Maghreb Private Equity Fund III

Investment Companies & Funds

Maghreb Private Equity Fund III

  2,000,000.00

  Algeria, Morocco, Tunisia

  16/09/2014

  Equity

Moablaou

Enterprises

Moablaou

  600,000.00

  Burkina Faso

  30/01/2007

  Debt

Moablaou

Enterprises

Moablaou

  100,000.00

  Burkina Faso

  17/02/2009

  Debt

Global Broadband Solution

Enterprises

Global Broadband Solution

  700,000.00

  Democratic Republic of Congo

  29/05/2008

  Debt

Global Broadband Solution

Enterprises

Global Broadband Solution

  454,740.00

  Democratic Republic of Congo

  21/03/2013

  Debt

Global Broadband Solution

Enterprises

Global Broadband Solution

  23,000.00

  Democratic Republic of Congo

  01/09/2008

  Subsidy

Global Broadband Solution

Enterprises

Global Broadband Solution

  7,497.00

  Democratic Republic of Congo

  04/05/2012

  Subsidy

Compagnie Africaine de Crédit

Financial Institutions

Cofina Ivory Coast

  3,000,000.00

  Côte d'Ivoire

  15/03/2019

  Debt

Compagnie Africaine de Crédit

Financial Institutions

Cofina Ivory Coast

  3,000,000.00

  Côte d'Ivoire

  15/03/2019

  Debt

Cofina Sénégal SA

Financial Institutions

Cofina Senegal

  3,000,000.00

  Senegal

  15/03/2019

  Debt

Cofina Sénégal SA

Financial Institutions

Cofina Sénégal

  3,000,000.00

  Senegal

  15/03/2019

  Debt

Zoscales Fund I

Investment Companies & Funds

Zoscales Fund I

  4,169,100.00

  Ethiopia, Kenya, Rwanda, Tanzania, Uganda

  18/04/2019

  Equity

7 Hills

Enterprises

7 hills

  77,000.00

  Uganda

  05/10/2006

  Subsidy

AccessBank Tanzania Ltd.

Financial Institutions

AccessBank Tanzania

  620,000.00

  Tanzania

  01/08/2007

  Equity

AccessBank Tanzania Ltd.

Financial Institutions

AccessBank Tanzania

  145,000.00

  Tanzania

  05/02/2009

  Equity

AccessBank Tanzania Ltd.

Financial Institutions

AccessBank Tanzania

  1,500,000.00

  Tanzania

  15/09/2009

  Debt

AccessBank Tanzania Ltd.

Financial Institutions

AccessBank Tanzania

  274,000.00

  Tanzania

  25/02/2010

  Equity

AccessBank Tanzania Ltd.

Financial Institutions

AccessBank Tanzania

  225,000.00

  Tanzania

  28/06/2012

  Equity

AccessBank Tanzania Ltd.

Financial Institutions

AccessBank Tanzania

  425,000.00

  Tanzania

  30/05/2013

  Equity

AccessBank Tanzania Ltd.

Financial Institutions

AccessBank Tanzania

  100,000.00

  Tanzania

  01/12/2007

  Subsidy

AccessBank Tanzania Ltd.

Financial Institutions

AccessBank Tanzania

  13,700.00

  Tanzania

  26/03/2012

  Subsidy

Laiterie du Berger

Enterprises

Laiterie du Berger

  1,200,000.00

  Senegal

  20/07/2017

  Debt