Cathay Africinvest Innovation Fund
BIO has invested EUR 6 M in Equity in the Cathay Africinvest Innovation Fund Ltd, a Pan African SME Fund.
Amount
€ 6,000,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
Organisation
Cathay Africinvest Innovation Fund
Website
https://www.africinvest.com/Domicile
Cathay Africinvest Innovation Fund is a Venture Capital fund aiming to support innovative businesses addressing socioeconomic gaps across Africa through equity investments from seed to growth stage.
As a partnership between fund managers Africinvest and Cathay Innovation, the fund combines both African and global resources and networks, enabling it to address and add value to a sizeable and increasing pipeline of disruptive investment opportunities with African to global footprints. The Fund targets both (i) Africa based innovation ventures that are scaling their activities in Africa and/or beyond and (ii) internationally based innovation ventures that are developing their activities across Africa.
Development impacts
-
Local economic growth
Provide capital funding to innovative, highly scalable companies, creating jobs in the digital sector to multiple African countries, including the least developed countries
-
Private sector consolidation/innovation
Support the emergence of a digital economy in Africa, by enabling success stories on the continent, in turn reinforcing the African VC ecosystem and creating a virtuous innovation cycle.
Support the emergence of a digital economy in Africa, by enabling success stories on the continent, in turn reinforcing the African VC ecosystem and creating a virtuous innovation cycle.
Made possible through this investment
54gene
Nigeria
54gene is a health technology company centered on advancing the field of African genomics to unlock scientific discoveries as well as improve diagnostic and treatment outcomes within Africa and the global community.
Aerobotics
South Africa
Aerobotics is a South African company that develops a machine learning technology using high resolution and multi-dimensional sensing imagery from drones and satellites to provide tree specific insights with information on tree count, size, health and chlorophyll levels.
GoMyCode
Algeria, Egypt, Morocco, Tunisia, Côte d'Ivoire, Nigeria, Senegal
GoMyCode is an educational platform that trains talents on digital skills and connects them with tech opportunities around the world.
Heetch
Algeria, Morocco, Côte d'Ivoire, Senegal
Heetch is a ride-sharing app targeted at late night transportation seekers, offering an alternative to taxis.
Kaios
KaiOS Technologies powers an emerging global ecosystem of affordable digital products and services. Its mobile operating system enables a new category of lite phones and other IoT devices that provides a rich user experience with limited memory requirements, is the leading mobile OS for smart feature phones, and the third largest after Android and iOS.
Migo
Nigeria
Migo is a cloud-based platform that enables companies to offer credit to their customers, augmenting traditional bank and payment card infrastructure.
Ozé
Ghana
OZÉ is a fintech platform that equips small business owners in Africa to make data-driven decisions to improve their performance, tap into networks, and access the capital they need to grow.
WhereIsMyTransport
South Africa
WhereIsMyTransport is a leading mobility technology company and central source of complete public transport data for emerging-market megacities.
Read impact and news about this project
Impact Story
Transcending crises through innovation
12-09-2022
BIO has invested in several funds of pan-African fund manager AfricInvest.
Khaled Ben Jilani is a Senior Partner and a member of the executive committee of AfricInvest
This is his story.
View more of our investments in this region
Investment Companies & Funds
Convergence Partners Digital Infrastructure Fund L.P.
8,829,240.00
Ghana, Kenya, Nigeria, South Africa
05/07/2022
Equity
Investment Companies & Funds
Ascent Rift Valley Fund II
323,539.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
08/02/2022
Subsidy
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
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
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
Investment Companies & Funds
AfricInvest Financial Inclusion Vehicle
10,000,000.00
20/04/2022
Equity
Infrastructure
Spark + Africa Fund
2,444,790.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Rwanda, Senegal, Tanzania, Uganda
10/03/2022
Equity
Financial Institutions
Alterfin
80,000.00
Cambodia, Nicaragua, Peru, Côte d'Ivoire, Kenya
03/03/2022
Subsidy
Enterprises
Plantations et Huileries du Congo
46,918.00
Democratic Republic of Congo
18/03/2021
Subsidy
Investment Companies & Funds
Lendable MSME Fintech Credit Fund
2,994,950.00
India, Indonesia, Vietnam, Kenya, Nigeria, South Africa
20/08/2021
Equity
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
Investment Companies & Funds
Cathay Africinvest Innovation Fund
4,000,000.00
Egypt, Kenya, Nigeria, South Africa
21/05/2021
Equity
Investment Companies & Funds
Alterfin
20,125.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
03/08/2021
Subsidy
Investment Companies & Funds
European Financing Partners S.A.
15,000,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
22/12/2020
Debt
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
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
Investment Companies & Funds
European Financing Partners S.A.
5,000,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
08/12/2010
Debt
Investment Companies & Funds
Interact Climate Change Facility
6,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Equity
Investment Companies & Funds
Interact Climate Change Facility
10,000,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Debt
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
Investment Companies & Funds
Argan Infrastructure Fund LLC PCC (ARIF)
6,000,000.00
Algeria, Egypt, Morocco, Tunisia
29/11/2011
Equity
Investment Companies & Funds
Agri-Vie Fund II
350,000.00
Kenya, South Africa, Tanzania, Uganda, Zambia
23/11/2020
Subsidy
Investment Companies & Funds
Phatisa Food Fund 2
5,767,300.00
Ghana, Kenya, Malawi, South Africa, Tanzania, Uganda, Zambia
29/01/2021
Equity
Investment Companies & Funds
Amethis Maghreb Fund I (ex. CNAV II)
5,000,000.00
Morocco, Tunisia
31/05/2013
Equity
Financial Institutions
Orabank Côte d'Ivoire
10,000,000.00
Burkina Faso, Côte d'Ivoire, Guinea, Mali, Niger, Senegal
09/02/2016
Debt
Investment Companies & Funds
European Financing Partners S.A.
6,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
21/11/2003
Equity
Investment Companies & Funds
Grofin East Africa Fund LLC.
2,211,000.00
Kenya, Rwanda, Tanzania, Uganda
25/01/2006
Equity
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
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
Enterprises
Enko Education
850,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
17/12/2020
Debt
Investment Companies & Funds
Zoscales Fund I
350,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/11/2020
Subsidy
Investment Companies & Funds
Ascent Rift Valley Fund II
2,300,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
17/12/2020
Equity
Investment Companies & Funds
Ascent Rift Valley Fund II
5,743,220.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/12/2020
Equity
Investment Companies & Funds
Maghreb Private Equity Fund IV
10,000,000.00
Algeria, Egypt, Morocco, Tunisia
29/11/2017
Equity
Financial Institutions
ACEP Group
30,900.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
30/07/2018
Subsidy
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
Investment Companies & Funds
African Rivers Fund III
1,500,000.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Investment Companies & Funds
Adenia Capital III
100,000.00
Côte d'Ivoire, Ghana, Madagascar
05/05/2020
Subsidy
Financial Institutions
Alterfin
3,000,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
15/07/2020
Debt
Investment Companies & Funds
African Rivers Fund III
6,113,520.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Investment Companies & Funds
Off-Grid Solar and Financial Access Senior Debt Fund
4,385,750.00
11/10/2018
Debt
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
Enterprises
Centre médical de la Communauté
2,719,298.00
Democratic Republic of Congo
09/05/2016
Debt
Investment Companies & Funds
Capital North Africa Venture Fund S.A.S
3,000,000.00
Morocco
11/01/2006
Equity
Financial Institutions
Bank of Africa RDC
1,466,000.00
Democratic Republic of Congo
29/01/2010
Equity
Investment Companies & Funds
Zoscales Fund I
21,757.30
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
12/11/2019
Subsidy
Investment Companies & Funds
Frontier Energy II
8,151,000.00
Kenya, Rwanda, Tanzania, Uganda
21/03/2018
Equity
Investment Companies & Funds
Maghreb Private Equity Fund II
6,000,000.00
Algeria, Morocco, Tunisia
29/06/2006
Equity
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
Investment Companies & Funds
Alterfin
250,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
13/12/2002
Equity
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
Financial Institutions
ACEP Group
4,100,000.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
14/10/2019
Equity
Investment Companies & Funds
Verod Capital Growth Fund III
8,733,600.00
Ghana, Nigeria
25/07/2019
Equity
Investment Companies & Funds
African Rivers Fund
4,118,275.00
Democratic Republic of Congo, Uganda
02/02/2016
Equity
Enterprises
Plantations et Huileries du Congo
9,741,280.77
Democratic Republic of Congo
21/12/2015
Debt
Investment Companies & Funds
FPM - Fonds pour l'inclusion financière en DRC
5,800,888.00
Democratic Republic of Congo
26/06/2014
Equity
Investment Companies & Funds
FPM - Fonds pour l'inclusion financière en DRC
242,280.00
Democratic Republic of Congo
23/04/2018
Subsidy
Investment Companies & Funds
Africa Renewable Energy Fund
8,896,000.00
Ghana, Kenya, Senegal, Uganda, Zambia
30/10/2014
Equity
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
Investment Companies & Funds
Agri-Vie Fund II
6,552,700.00
Kenya, South Africa, Tanzania, Uganda, Zambia
20/01/2017
Equity
Investment Companies & Funds
Adenia Capital IV
9,000,000.00
Côte d'Ivoire, Ghana, Kenya, Madagascar
01/11/2016
Equity
Financial Institutions
ACEP group
67,512.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
23/07/2019
Subsidy
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
Investment Companies & Funds
Africa Sustainable Forestry Fund II
4,366,800.00
South Africa, Tanzania, Uganda
26/04/2018
Equity
Enterprises
Enko Education
2,000,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
20/09/2018
Debt
Investment Companies & Funds
Adenia Capital III
5,000,000.00
Côte d'Ivoire, Ghana, Madagascar
28/02/2012
Equity
Investment Companies & Funds
Adenia Capital III
100,000.00
Côte d'Ivoire, Ghana, Madagascar
19/05/2016
Subsidy
Investment Companies & Funds
Adenia Capital III
150,000.00
Côte d'Ivoire, Ghana, Madagascar
28/09/2012
Subsidy
Investment Companies & Funds
Maghreb Private Equity Fund III
6,000,000.00
Algeria, Morocco, Tunisia
05/09/2011
Equity
Investment Companies & Funds
Maghreb Private Equity Fund III
2,000,000.00
Algeria, Morocco, Tunisia
16/09/2014
Equity
Investment Companies & Funds
Zoscales Fund I
4,169,100.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
18/04/2019
Equity
