Grofin East Africa Fund LLC.

Equity : January 2006 - February 2015

BIO has invested USD 3 M in equity in the Grofin East Africa Fund LLC., an SME fund focused on East Africa.

Amount

€ 2,211,000.00

Type of investment

Equity

Development impacts

  • Local economic growth

Beneficiary locations

Sub-Saharan Africa: Kenya, Rwanda, Tanzania, Uganda

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Grofin East Africa Fund LLC.

Domicile

Mauritius

The Fund invests an average of US$300,000 in small enterprises with good growth potential. The Fund mainly provides loans to SMEs ranging from € 100,000 to € 1 M. The fund concentrates on providing risk finance for start-ups, early stages, expansions or rationalisations in small businesses.

Exit

In February, 2015, GEAF was liquidated, with the remaining assets transferred to a liquidating trust. This trust was dissolved in 2020.

Development impacts

  • Local economic growth

    Access to long-term financing for SMEs
    Investments in Small and Medium Enterprises

    Know-how and technology transfer to investees
    GroFin and the Fund will provide not only finance but also regular technical support to SMEs in order to create and encourage the adequate managerial, operational and financial structure and maximize therefore the value of the Fund’s investments.

View more of our investments in this region

Fefisol II

Investment Companies & Funds

Fefisol II

  350,000.00

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

  29/11/2022

  Subsidy

Phatisa Food Fund 2

Investment Companies & Funds

Phatisa Food Fund 2

  240,396.00

  Tanzania, Uganda, Zambia

  28/11/2022

  Subsidy

Compagnie Africaine de Crédit

Financial Institutions

Compagnie Africaine de Crédit

  19,789.00

  Côte d'Ivoire

  21/11/2022

  Subsidy

TIDE Africa II Fund

Investment Companies & Funds

TIDE Africa II Fund

  7,212,033.79

  Kenya, Nigeria

  01/11/2022

  Equity

KCB Kenya

Financial Institutions

KCB Kenya

  42,512.20

  Kenya

  27/10/2022

  Subsidy

Njeru Industries

Enterprises

Njeru Industries

  14,654.50

  Kenya

  19/10/2022

  Subsidy

TIDE Africa II Fund

Investment Companies & Funds

TIDE Africa II Fund

  7,212,033.79

  Kenya, Nigeria

  29/09/2022

  Equity

Poa! Internet

Enterprises

Poa! Internet

  17,264.00

  Kenya

  08/09/2022

  Subsidy

Electrical Controls and Switchgear Ltd.

Enterprises

Electrical Controls and Switchgear Ltd.

  32,366.50

  Uganda

  04/08/2022

  Subsidy