Africinvest Fund II LLC.

Equity : August 2008

BIO has invested € 6 M in equity in Africinvest Fund II, a private equity fund targeting primarily the Western African region.

Amount

€ 6,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth

Beneficiary locations

Africa: Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Kenya, Nigeria, Senegal, Tunisia
Middle East:

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Africinvest Fund II LLC.

Domicile

Mauritius

Africinvest II provides growth and expansion capital to small and mid-sized companies. The fund focuses on Sub-Saharan West and East Africa, with opportunistic investments in North Africa.

Development impacts

  • Local economic growth

    Equity and quasi-equity investments in small and mid-sized companies growth in selected regions in Africa (mostly west Africa)

Made possible through this investment

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

Alminko

Senegal

Alminko is a company based in Senegal that produces home and personal care products, for example, bar soap for home care and body washing and liquid household cleaner.

Bridge Group Afrique de l'Ouest

Côte d'Ivoire

Bridge Group West Africa is a holding company which has a majority equity share in Bridge Bank Cote d’Ivoire , an Ivorian universal Bank and a minority significant equity stake in a bank in Senegal

Broron Oil & Gas

Nigeria

Broron Oil & Gas Limited is an indigenous oil and gas offshore services company which provides offshore support services to International Oil Companies, independent and indigenous upstream companies in Nigeria and the Gulf of Guinea. Services provided by the Company include subsea engineering services, diving services, project management, logistics and procurement support services.

Brookhouse Schools Ltd

Kenya

Brookhouse School is an independent British curriculum co-educational day and boarding school offering Early Years, preparatory, and secondary schooling.

Exat

Côte d'Ivoire

EXAT is company operating in the field of a rubber processing.

Family Bank

Kenya

Family Bank is a commercial bank domiciled in Kenya. The Bank's initial target market was the low-income segment comprised of small-scale farmers; salaried staff; micro, small- and medium-sized enterprises (MSME's); youth and women.

InterMIMS / Jafara

Jafara is a Libyan company specializing in the production and distribution of mineral water, juices and harissa.

Kiboko Holdings

Kiboko Holdings Limited (KHL) is a holding company owning eight East African companies active in the pharmaceutical industry (through the manufacture and distribution of pharmaceutical products), and in the general distribution industry through the distribution of fast-moving consumer goods (FMCG).

Lagray Chemical

Ghana

Lagray Chemical is a Ghanaian pharmaceutical company launched in 2000. The company's strategy is to produce generic drugs that are not dispensed over the counter (OTC) and therefore have higher value addition.

Mansard (formerly GTA)

Nigeria

Guaranty Trust Assurance plc (GTA), a subsidiary of Guaranty Trust Bank PLC, is a composite company underwriting all classes of insurance. It also offers risk management, financial advisory, investment and consultancy services.

MTN CI/Planor Capital International

Côte d'Ivoire

Planor Capital International Limited is a special purpose vehicle (SPV) established to acquire and manage a substantial equity stake in MTN Cote D'Ivoire (MTN CI), a leading telecommunications services provider in Cote d'Ivoire.

Reef Hout

Cameroon

Reef Group BV, created in 1926, is a holding company active in the timber industry. The company's main presence is in Cameroon, where its exploitation, production and distribution activities are established. It is exploiting four forest concessions over 300,000 hectares.

Tejra

Tunisia

Tejra is an integrated Greenfield project specialized in the production and distribution of bricks and ceramic products

UAB (Alpha West Africa)

Burkina Faso

Non-Bank Financial Institution - Insurance

UAP Holdings

Kenya

UAP Group is a pan-African financial services group with interests in insurance, investment management, property development and investments, securities brokerage and financial advisory.

View more of our investments in this region

BRAC International Finance

Financial Institutions

BRAC International Finance

 12,815,000.00

  Liberia, Sierra Leone, Tanzania, Uganda

  08/11/2024

  Debt

Yodawy

Enterprises

Yodawy

22,154.00

  Egypt

  01/08/2024

  Subsidy

candi solar

Infrastructure

candi solar

9,000,000.00

  South Africa, India

  31/07/2024

  Debt

Gebana Burkina Faso

Enterprises

Gebana Burkina Faso

 15,828.00

  Burkina Faso

  30/07/2024

  Subsidy

ARPE Ltd.

Infrastructure

ARPE Ltd.

12,000,000.00

  Uganda

  29/07/2024

  Debt

Afrigreen Debt Impact Fund SLP

Investment Companies & Funds

Afrigreen Debt Impact Fund SLP

 350,000.00

  18/06/2024

  Subsidy

ACEP Group

Financial Institutions

ACEP Group

 73,135.00

  Burkina Faso

  06/06/2024

  Subsidy

Gebana Burkina Faso

Enterprises

Gebana Burkina Faso

 6,906.00

  Burkina Faso

  15/04/2024

  Subsidy

EA Foods Ltd

Enterprises

EA Foods Ltd

3,200,000.00

  Tanzania

  09/04/2024

  Debt