TIDE Africa

Equity of June 2019

The TIDE Africa Fund is a venture capital fund focusing exclusively on technology enabled services and innovation for Sub Saharan Africa.

Amount

€ 4,367,820.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation

Beneficiary locations

Africa: Kenya, Nigeria

Investment field

Investment Companies & Funds

Activity

SME fund

The TLcom Technology and Innovation for Developing Economies Africa Fund (the “TIDE Africa Fund”) is a venture capital fund focusing exclusively on technology enabled services and innovation for Sub Saharan Africa (SSA) across all stages of the venture capital cycle. It will make equity investments into fast growth entrepreneurs and enterprises leveraging technology and innovation to serve the SSA market, with either the potential to scale globally, or the ability to profitably serve customers at the base of the economic pyramid, which continue to represent the vast majority of consumer demand in the region and in other developing economies.

Goals

The Fund goals are twofold: (a) To achieve value generation by delivering commercial risk adjusted returns for investors; and (b) To contribute to the social and economic development of SSA by starting and scaling profitable and sustainable companies, and creating jobs and opportunities in the region through market driven investment in technology, innovation and entrepreneurship.

Development impacts

  • Local economic growth

    The Fund provides capital funding to innovative companies, both start-ups and scale-ups levels, with the goal to sustain and create jobs in the digital sector.

  • Private sector consolidation/innovation

    TIDE Africa fosters innovation and innovative business models, increases access and affordability to key goods and services for low- and middle-income people in SSA, and contributes to find innovative solutions to local problems.

View more of our investments in this region

Ethos Mezzanine Partners 3

Investment Companies & Funds

Ethos Mezzanine Partners 3

  8,868,980.00

  Burundi, Ethiopia, Kenya, Mozambique, Malawi, Rwanda, South Africa, Tanzania, Uganda, Zambia

  13/06/2019

  Equity

AccessBank Nigeria

Financial Institutions

AccessBank Nigeria

  15,024,304.02

  Nigeria

  30/01/2019

  Debt

AccessBank Nigeria

Financial Institutions

AccessBank Nigeria

  2,232,000.00

  Nigeria

  09/03/2006

  Debt

Zoscales Fund I

Investment Companies & Funds

Zoscales Fund I

  4,169,100.00

  Ethiopia, Kenya, Rwanda, Tanzania, Uganda

  18/04/2019

  Equity

Babban Gona Farmers Services

Enterprises

Babban Gona Farmers Services

  1,837,000.00

  Nigeria

  30/01/2019

  Debt