British International Investment

Adiwale Fund I

AfricaCote d'IvoireMauritiusSenegalAfricaWest AfricaConsumer - EducationConsumer - other servicesInfrastructureManufacturingOther

Adiwale Fund I is an SME fund primarily targeting investments in West Africa focusing on Cote d’Ivoire, Senegal, Burkina Faso and Mali. It is the first fund raised by Adiwale Partners and will make investments in selected industry sectors (FMCG, business services and manufacturing) with commitments of $3 million to 10 million.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $19.08m Consumer - Education, Consumer - other services, Infrastructure, Manufacturing, Other October 2019 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Enko Education Limited Africa Africa Consumer - Education May 2022 Active
Global Action Senegal West Africa Consumer - other services June 2023 Active
Independent Drilling Company Mauritius Mauritius, West Africa Africa, East Africa Other January 2022 Active
MCT Cote d'Ivoire West Africa Manufacturing May 2021 Active
Novago Africa Africa, Cote d'Ivoire Africa, West Africa Infrastructure January 2023 Active

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