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

TowerCo of Africa

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TowerCo of Africa

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SIMA Commercial & Industrial Solar Green Bond

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 4,824.00

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Alterfin

Investment Companies & Funds

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5,000,000.00

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EA Foods Ltd

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EA Foods Ltd

 10,448.00

  Tanzania

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  Subsidy

Poa! Internet

Enterprises

Poa! Internet

13,543.00

  Kenya

  24/08/2023

  Subsidy

Gebana Burkina Faso

Enterprises

Gebana Burkina Faso

 3,000,000.00

  Burkina Faso

  20/07/2023

  Debt

ASA Tanzania

Financial Institutions

ASA Tanzania

7,000,000.00

  Tanzania

  19/07/2023

  Debt

Alterfin

Investment Companies & Funds

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 21,500.00

  11/07/2023

  Subsidy