British International Investment

ShoreCap III

KenyaSouth AfricaAfricaFinancial services

The ShoreCap III fund, which will be run from the firm’s offices in Abidjan, Johannesburg and Chicago, is targeting $150 million to expand access to financial services in sub-Saharan Africa.

Equator’s first two ShoreCap funds raised $108 million and invested in 25 financial institutions.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $20m Africa Financial services December 2017 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Credit Bank Kenya East Africa Financial services December 2021 Active
I&M Bank Ltd. Kenya East Africa Financial services December 2022 Active
MFS Africa Limited South Africa Southern Africa Financial services December 2018 Active

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