Cathay Africinvest Innovation Fund

Equity : May 2021

The SDG Frontier Fund has invested EUR 4 M in Equity in the Cathay Africinvest Innovation Fund Ltd, a Pan African Venture Capital Fund.

This is an investment by SDG Frontier Fund

Amount

€ 4,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation

Beneficiary locations

Middle East & North Africa: Egypt
Sub-Saharan Africa: Kenya, Nigeria, South Africa

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Cathay Africinvest Innovation Fund

Domicile

Mauritius

More investments in

Cathay Africinvest Innovation Fund

  • Equity € 6,000,000.00 (2021)

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.

Other investments by

SDG Frontier Fund

Made possible through this investment

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

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

Transcending crises through innovation

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.

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29-04-2022

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31-08-2021

Money is getting greener. The superlative in sustainable investing today is "impact investing". A growing global market that is already worth more than $700 billion.

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Repousser les frontières des investissements durables

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Repousser les frontières des investissements durables

15-12-2020

An interview with Luuk Zonneveld, An-Heleen De Greef & Eric Van den Bosch on the SDG Frontier Fund, published in L'Eventail on the 10th of December 2020, written by Cédric Boitte.

This article was published in French.

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02-07-2020

Financial return is worth twice as much if it also helps the world move forward. The Belgian government and business world collect 50 million euros for sustainable investments in the African and Asian private sector. "Investing is better than giving," says driving force Alexander De Croo, Minister of Development Cooperation. "You will only see a return on your investment if it has really made a difference."

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Poa! Internet

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13,543.00

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  24/08/2023

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  20/07/2023

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ASA Tanzania

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  19/07/2023

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Alterfin

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 21,500.00

  11/07/2023

  Subsidy