We invest to build Africa's economic resilience by strenghtening its financial systems
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
2024
Investment Lead
Amos Gachuiri
−
Carbon markets
Committed Capital
GBP 1.9m
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 1.9m
Location
Pan-African
In Portfolio Since
2023
Investment Lead
Beatrice Mubia
−
Local bond markets
Committed Capital
GBP 15m
Market Impact Segment
Financial architecture
Focus Countries
Pan-African
Status
Active
+
ALCB Fund
Active
A pan-African investor in local-currency corporate bonds in a diverse range of sectors.
Domain
Local bond markets
Market Impact Segment
Financial architecture
Committed Capital
GBP 15m
Location
Pan-African
In Portfolio Since
2017
Investment Lead
Amos Gachuiri
−
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
2024
Investment Lead
Stephen Macharia
−
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
Stephen Macharia
−
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
May Yego
−
Carbon markets
Committed Capital
GBP 2.4M
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
GBP 2.4M
Location
Sub-Saharan Africa
In Portfolio Since
2023
Investment Lead
Beatrice Mubia
−
Money markets
Committed Capital
GBP 1.5m
Market Impact Segment
Financial architecture
Focus Countries
SSA
Status
Active
+
Frontclear
Active
Frontclear provides guarantees that enable emerging‑market banks to access interbank liquidity using local‑currency collateral, thereby deepening money markets and unlocking lending to inclusive sectors such as MSMEs, housing, and agriculture.
Domain
Money markets
Market Impact Segment
Financial architecture
Committed Capital
GBP 1.5m
Location
SSA
In Portfolio Since
2019
Investment Lead
Amos Gachuiri
−
Fintech
Committed Capital
USD 1.3m
Market Impact Segment
Early-Stage Ventures
Focus Countries
East Africa
Status
Active
+
FrontEnd Ventures
Active
Kenya-focused venture capital fund committed to supporting local and diverse founder teams that are passionate about innovating and changing their value chains.
Domain
Fintech
Market Impact Segment
Early-Stage Ventures
Committed Capital
USD 1.3m
Location
East Africa
In Portfolio Since
2025
Investment Lead
Zee de Gersigny
−
Affordable housing
Committed Capital
GBP 5m
Market Impact Segment
Financial intermediaries
Focus Countries
Kenya
Status
Active
+
IHS
Active
£5 million fund investing in environmentally certified affordable housing for low‑ to middle‑income households around Nairobi, while using open‑access market data to advance Kenya’s affordable‑housing ecosystem.
Domain
Affordable housing
Market Impact Segment
Financial intermediaries
Committed Capital
GBP 5m
Location
Kenya
In Portfolio Since
2021
Investment Lead
Beatrice Mubia
−
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
2025
Investment Lead
Stephen Macharia
−
Small and growing businesses
Committed Capital
USD 1.25m
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
USD 1.25m
Location
East Africa
In Portfolio Since
2025
Investment Lead
Zee de Gersigny
−
Digital finance
Committed Capital
GBP 3.4m
Market Impact Segment
Financial intermediaries
Focus Countries
SSA
Status
Active
+
Lendable
Active
A technology enabled investment and alternatives platform using technology and finance to create a more economically just and environmentally sustainable world.
Domain
Digital finance
Market Impact Segment
Financial intermediaries
Committed Capital
GBP 3.4m
Location
SSA
In Portfolio Since
2021
Investment Lead
Stephen Macharia
−
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 pan‑African remittance and payments hub providing accessible, affordable and inclusive cross‑border money transfers through its Remittance, Risk and Integrity (RRI) programme and research partnerships.
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
May Yego
−
Women-led businesses, Fintech
Committed Capital
Varied
Market Impact Segment
Early-Stage Ventures
Focus Countries
Continental
Status
Active
+
Nyala Facility
Active
Aruwa Capital
Women-led businesses
USD 1.5m
Linea Capital
Small and growing businesses
USD 1.0m
First Circle Capital
Fintech
USD 1.0m
WIC Capital
Women-led businesses
EUR 950k
Domain
Women-led businesses, Fintech
Market Impact Segment
Early-Stage Ventures
Committed Capital
Varied
Location
Continental
In Portfolio Since
Facilitated by Nyala
Investment Lead
Zee de Gersigny
−
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
Amos Gachuiri
−
Climate venture building
Committed Capital
USD 3m
USD 10m
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
USD 3m
USD 10m
Location
Pan-African
In Portfolio Since
2022
Investment Lead
May Yego
−
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
Beatrice Mubia
−
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
Alphonce Iregi
−
Healthcare
Committed Capital
GBP 3.9m
Market Impact Segment
Financial intermediaries
Focus Countries
SSA
Status
Active
+
Transform Health Fund
Active
A blended finance vehicle that aims to bolster healthcare systems in Africa by scaling proven and innovative healthcare models in Africa.
Domain
Healthcare
Market Impact Segment
Financial intermediaries
Committed Capital
GBP 3.9m
Location
SSA
In Portfolio Since
2023
Investment Lead
Stephen Macharia
−
Mangrove Convervation
Committed Capital
GBP 1.9m
Market Impact Segment
Direct investment
Focus Countries
West Africa
Status
Active
+
West Africa Blue
Active
Community‑focused developer of blue‑carbon projects that uses early‑stage funding to restore and conserve 94,000 hectares of mangrove ecosystems across Sierra Leone’s Sherbro River Estuary and Yawri Bay.
Domain
Mangrove Convervation
Market Impact Segment
Direct investment
Committed Capital
GBP 1.9m
Location
West Africa
In Portfolio Since
2025
Investment Lead
Beatrice Mubia
−
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.