British International Investment

Advans, S.A.

CambodiaCameroonCote d'IvoireDemocratic Republic of CongoGhanaMyanmarNigeriaPakistanTanzaniaTunisiaCentral AfricaNorth AfricaSouth AsiaSoutheast AsiaWest AfricaFinancial services

Africa and Asia focussed greenfield MFI

This investment was made when British International Investment was named CDC Group.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    :
    January 2024
    Project number

    An identifier number shared by investments in the same project.

    :
    D9
    Status

    The current status of the investment (green flag for active and red flag for exited).

    :
    Active
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    :
    Central Africa, North Africa, South Asia, Southeast Asia, West Africa
    Country

    The countries from which we derive the value of our investment. Where value is derived from multiple countries, this is indicated.

    :
    Cambodia, Cameroon, Cote d'Ivoire, Democratic Republic of Congo, Ghana, Myanmar, Nigeria, Pakistan, Tanzania, Tunisia
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Financial services

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Fund
    Start date :
    October 2014
    Amount :
    $4.43m
    Currency of investment :
    EUR
    Fund Manager:
    Horus Development Finance
    Domicile

    The company or investment fund’s place of incorporation.

    :
    Luxembourg

Related investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $4.95m Central Africa, North Africa, South Asia, Southeast Asia, West Africa Financial services July 2008 Active
Investment 02 $6.78m Central Africa, North Africa, South Asia, Southeast Asia, West AfricaCentral Africa, North Africa, South Asia, Southeast Asia, West Africa Financial services December 2009 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Advans Banque Congo Democratic Republic of Congo Central Africa Financial services September 2008 Active
Advans Cambodia (AMRET) Cambodia Rest of the World Financial services September 2008 Active
Advans Cameroon Cameroon Central Africa Financial services September 2008 Active
Advans Cote d’Ivoire Cote d'Ivoire West Africa Financial services June 2009 Active
Advans Ghana Ghana West Africa Financial services September 2008 Active
Advans Myanmar Myanmar Rest of the World Financial services March 2016 Active
Advans Nigeria Nigeria West Africa Financial services June 2012 Active
Advans Pakistan Pakistan South Asia Financial services June 2012 Active
Advans Tunisia Tunisia North Africa Financial services September 2013 Active

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