We invest to build Africa's economic resilience by strenghtening its financial systems

Investments

Green infrastructure
Green infrastructure
Committed Capital
GBP 11.6m
Market Impact Segment
Financial intermediaries
Focus Countries
SSA
Status
Active
+

Acre Impact Capital

Active

Invests in climate-aligned infrastructure in emerging markets by partnering with leading commercial lenders and export credit agencies.

Domain

Green infrastructure

Market Impact Segment

Financial intermediaries

Committed Capital

GBP 11.6m

Location

SSA

In Portfolio Since

Investment Lead

Carbon markets
Carbon markets
Committed Capital
GBP 1m & Grant-GBP 0.075k
Market Impact Segment
Early-Stage Ventures
Focus Countries
Pan-African
Status
Active
+

Africa Climate Ventures

Active

Africa Climate Ventures (ACV) is a pioneering venture builder working to build a portfolio of businesses focused on climate action across Africa, boosting continental participation in global carbon markets. ACV aims to launch and scale a portfolio of 15 climate positive ventures, over the next four years, by investing to: i) bring proven global climate technology to Africa, ii) accelerate and de-risk the continental expansion of technologies and business models that have gained traction in one or a few African market(s), and iii) add carbon revenue streams to existing African businesses with the potential to scale climate positive solutions.

Domain

Carbon markets

Market Impact Segment

Early-Stage Ventures

Committed Capital

GBP 1m & Grant-GBP 0.075k

Location

Pan-African

In Portfolio Since

2023

Investment Lead

Local bond markets
Local bond markets
Committed Capital
GBP 15m
Market Impact Segment
Financial architecture
Focus Countries
Pan-African
Status
Active
+

ALCB Fund

Active

The ALCBF promotes primary corporate bond issuances in local currency by working with African issuers, investors, and intermediaries to bring new deals to market. The Fund does so by acting as an anchor investor and through technical assistance, investing in transactions where the ultimate beneficiaries are low-income households and MSMEs. Focus sectors include financial inclusion, infrastructure, agriculture, housing, education, healthcare, and renewable energy.

Domain

Local bond markets

Market Impact Segment

Financial architecture

Committed Capital

GBP 15m

Location

Pan-African

In Portfolio Since

2017

Investment Lead

Green infrastructure
Green infrastructure
Committed Capital
GBP 10m
Market Impact Segment
Financial architecture
Focus Countries
Nigeria
Status
Active
+

ARM-Harith

Active

Invests in infrastructure and energy projects to address critical needs in key sectors and contribute to Nigeria’s sustainable growth and development.

Domain

Green infrastructure

Market Impact Segment

Financial architecture

Committed Capital

GBP 10m

Location

Nigeria

In Portfolio Since

Investment Lead

Stephen Macharia

Women-led businesses
Women-led businesses
Committed Capital
Market Impact Segment
Early-Stage Ventures
Focus Countries
West Africa
Status
Active
+

Aruwa Capital

Active

An early-stage growth equity and gender lens fund manager backing impact-driven businesses in Nigeria and Ghana.

Domain

Women-led businesses

Market Impact Segment

Early-Stage Ventures

Committed Capital

Location

West Africa

In Portfolio Since

Investment Lead

MFI liquidity
MFI liquidity
Committed Capital
GBP 7.4m
Market Impact Segment
Financial intermediaries
Focus Countries
SSA
Status
Active
+

BlueOrchard

Active

BlueOrchard is a leading global impact investment manager that is dedicated to generating lasting positive impact for communities and the environment, while aiming to provide attractive returns to investors. BlueOrchard’s Covid-19 Emerging and Frontier Markets MSME Support Fund is a facility set up to address the liquidity and solvency challenges faced by MFIs due to the Covid-19 crisis.

Domain

MFI liquidity

Market Impact Segment

Financial intermediaries

Committed Capital

GBP 7.4m

Location

SSA

In Portfolio Since

2020

Investment Lead

Climate venture building
Climate venture building
Committed Capital
GBP 3.6m
Market Impact Segment
Early-Stage Ventures
Focus Countries
Pan-African
Status
Active
+

Catayst Fund

Active

A pre-seed VC fund and accelerator backing high-impact tech startups that seek to improve the resilience of underserved, climate-vulnerable communities.

Domain

Climate venture building

Market Impact Segment

Early-Stage Ventures

Committed Capital

GBP 3.6m

Location

Pan-African

In Portfolio Since

2023

Investment Lead

Carbon markets
Carbon markets
Committed Capital
Market Impact Segment
Direct investment
Focus Countries
Sub-Saharan Africa
Status
Active
+

Cavex

Active

A digital platform that connects climate conscious companies directly with carbon projects in countries most impacted by climate change.

Domain

Carbon markets

Market Impact Segment

Direct investment

Committed Capital

Location

Sub-Saharan Africa

In Portfolio Since

Investment Lead

Beatrice Mubia

Fintech
Fintech
Committed Capital
Market Impact Segment
Early-Stage Ventures
Focus Countries
Pan-African
Status
Active
+

First Circle Capital

Active

Domain

Fintech

Market Impact Segment

Early-Stage Ventures

Committed Capital

Location

Pan-African

In Portfolio Since

Investment Lead

Money markets
Money markets
Committed Capital
GBP 1.5m
Market Impact Segment
Financial architecture
Focus Countries
SSA
Status
Active
+

Frontclear

Active

An inclusive money market ecosystem is a pre-condition to stable capital markets and real economy development. Without it, financial intermediaries and financial markets struggle to perform their core role of converting household savings into loans to companies. This is especially the case in emerging and frontier markets where the financial sector is bank-centric and bond markets are under-developed. Frontclear’s investments are designed to address this, enhancing the domestic banking sector and making it cheaper and easier for African consumers to transact.

Domain

Money markets

Market Impact Segment

Financial architecture

Committed Capital

GBP 1.5m

Location

SSA

In Portfolio Since

2019

Investment Lead

Fintech
Fintech
Committed Capital
Market Impact Segment
Early-Stage Ventures
Focus Countries
East Africa
Status
Active
+

FrontEnd Ventures

Active

Domain

Fintech

Market Impact Segment

Early-Stage Ventures

Committed Capital

Location

East Africa

In Portfolio Since

Investment Lead

Affordable housing
Affordable housing
Committed Capital
GBP 5m
Market Impact Segment
Financial intermediaries
Focus Countries
Kenya
Status
Active
+

IHS

Active

Domain

Affordable housing

Market Impact Segment

Financial intermediaries

Committed Capital

GBP 5m

Location

Kenya

In Portfolio Since

Investment Lead

Green infrastructure
Green infrastructure
Committed Capital
GBP 10m
Market Impact Segment
Financial architecture
Focus Countries
Nigeria
Status
Active
+

InfraCredit

Active

Provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria.

Domain

Green infrastructure

Market Impact Segment

Financial architecture

Committed Capital

GBP 10m

Location

Nigeria

In Portfolio Since

Investment Lead

Small and growing businesses
Small and growing businesses
Committed Capital
Market Impact Segment
Early-Stage Ventures
Focus Countries
East Africa
Status
Active
+

Iungo Capital

Active

Bridges the financing gap for small and growing business in labor intensive sectors across East Africa

Domain

Small and growing businesses

Market Impact Segment

Early-Stage Ventures

Committed Capital

Location

East Africa

In Portfolio Since

Investment Lead

Digital finance
Digital finance
Committed Capital
GBP 3.4m
Market Impact Segment
Financial intermediaries
Focus Countries
SSA
Status
Active
+

Lendable

Active

Lendable is a fintech which provides finance to alternative digital financial service providers in emerging and frontier markets. The platform leverages data science capabilities to finance the new generation of tech-enabled financial service providers who use digital technology to provide financial solutions to consumers, such as lending and remittances.

Domain

Digital finance

Market Impact Segment

Financial intermediaries

Committed Capital

GBP 3.4m

Location

SSA

In Portfolio Since

Investment Lead

Small and growing businesses
Small and growing businesses
Committed Capital
Market Impact Segment
Early-Stage Ventures
Focus Countries
South Africa
Status
Active
+

Linea Capital

Active

Domain

Small and growing businesses

Market Impact Segment

Early-Stage Ventures

Committed Capital

Location

South Africa

In Portfolio Since

Investment Lead

Digital payments
Digital payments
Committed Capital
GBP 10m
Market Impact Segment
Financial architecture
Focus Countries
SSA
Status
Exit
+

MFS Africa (now Onafriq)

Exit

MFS Africa is a financial technology company offering mobile financial solutions across Africa by enabling digital inter-operability. MFS Africa’s services allow its partners’ customers and SMEs to send and receive money across borders, payments instruments and agents (mobile wallet, card, bank account, and over the counter).

Domain

Digital payments

Market Impact Segment

Financial architecture

Committed Capital

GBP 10m

Location

SSA

In Portfolio Since

2018

Investment Lead

Renewable energy
Renewable energy
Committed Capital
GBP 3.3m
Market Impact Segment
Early-Stage Ventures
Focus Countries
East & West Africa
Status
Active
+

Nithio

Active

An Ai-enabled energy financing platform standardising credit risk assessments to drive more capital into oof-grid solar companies.

Domain

Renewable energy

Market Impact Segment

Early-Stage Ventures

Committed Capital

GBP 3.3m

Location

East & West Africa

In Portfolio Since

2021

Investment Lead

Micro-pensions
Micro-pensions
Committed Capital
GBP 775k
Market Impact Segment
Direct investment
Focus Countries
Ghana
Status
Active
+

People’s Pension Holding

Active

A pension administrator offering innovative, flexible and digitally driven pensions products that ensure retirement income security for informal and low-income formal workers n Ghana.

Domain

Micro-pensions

Market Impact Segment

Direct investment

Committed Capital

GBP 775k

Location

Ghana

In Portfolio Since

2019

Investment Lead

Climate venture building
Climate venture building
Committed Capital
GBP 2.5m
Market Impact Segment
Early-Stage Ventures
Focus Countries
Pan-African
Status
Active
+

Persistent Energy

Active

A venture biilder investing financial and human resources in early-stage companies at the nexus of climate and technology.

Domain

Climate venture building

Market Impact Segment

Early-Stage Ventures

Committed Capital

GBP 2.5m

Location

Pan-African

In Portfolio Since

2022

Investment Lead

Affordable housing
Affordable housing
Committed Capital
GBP 850k
Market Impact Segment
Direct investment
Focus Countries
Southern Africa
Status
Active
+

Sofala Capital

Active

Sofala Capital invests in innovative housing finance companies, helping African families to build real and productive residential assets that impact their lives for the better.

Domain

Affordable housing

Market Impact Segment

Direct investment

Committed Capital

GBP 850k

Location

Southern Africa

In Portfolio Since

2018

Investment Lead

Renewable energy
Renewable energy
Committed Capital
GBP 2.4m
Market Impact Segment
Early-Stage Ventures
Focus Countries
SSA
Status
Active
+

Spark Energy

Active

Funds energy efficiency and captive generation projects in Sub-Saharan Africa’s commercial and industrial (C&I) sector.

Domain

Renewable energy

Market Impact Segment

Early-Stage Ventures

Committed Capital

GBP 2.4m

Location

SSA

In Portfolio Since

2023

Investment Lead

Healthcare
Healthcare
Committed Capital
GBP 3.9m
Market Impact Segment
Financial intermediaries
Focus Countries
SSA
Status
Active
+

Transform Health Fund

Active

The Transform Health Fund (THF) is a blended finance vehicle, managed by AfricInvest and the Health Finance Coalition, aimed at addressing the healthcare financing shortfall in Sub Saharan Africa. The fund will respond to pressing healthcare financing challenges by targeting supply chain transformation, innovative care delivery, advancing digital innovation and establishing a robust healthcare ecosystem to improve access, affordability, resilience, and quality of healthcare for low-income patients.

Domain

Healthcare

Market Impact Segment

Financial intermediaries

Committed Capital

GBP 3.9m

Location

SSA

In Portfolio Since

2023

Investment Lead

Women-led businesses
Women-led businesses
Committed Capital
Market Impact Segment
Early-Stage Ventures
Focus Countries
West Africa
Status
Active
+

WIC Capital

Active

The first investment fund targeting women-led business in french-speakkng West Africa.

Domain

Women-led businesses

Market Impact Segment

Early-Stage Ventures

Committed Capital

Location

West Africa

In Portfolio Since

Investment Lead

Affordable housing
Affordable housing
Committed Capital
GBP 381k
Market Impact Segment
Direct investment
Focus Countries
Zambia
Status
Active
+

Zambian Home Loans

Active

A specialised mortgage finance company serving low to medium income groups in Zambia to help them build or complete building their houses.

Domain

Affordable housing

Market Impact Segment

Direct investment

Committed Capital

GBP 381k

Location

Zambia

In Portfolio Since

Investment Lead

Contact Us

If you have an inquiry, please email fsdai-info@fsdafrica.org