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