African Development Partners II

Cote d'Ivoire, Egypt, Morocco, Nigeria, Algeria, South Africa Financial services, Other consumer services, Manufacturing, Infrastructure, Education

Development Partners International (DPI) is a private equity firm which looks to invest in the pan-Africa region. The UK-based firm was founded in 2007.

The Africa Development Partners II Fund is a pan-African fund which focuses on high-growth companies targeting Africa’s rising consumer class.

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

Our investment

In July 2013, British International Investment committed $75 million to the Africa Development Partners II Fund. The fund makes investments which typically range from $20 million to $70 million. Our investment will provide much-needed growth capital to support the expansion of African businesses.

Expected impact

Despite rising foreign direct investment in the African continent, investment can still be hard to come by for many firms in the private sector.

Our investment enables the fund manager to support African companies that can benefit from strong growth – including regional expansion – in industries catering to the region’s rapidly expanding middle-class. This includes companies in the consumer goods, financial services, retail, logistics and healthcare sectors.

DPI has successfully expanded businesses out of its primary markets into less developed countries. For example, investee company Letshego, a Botswana-based financial services provider, now offers accessible consumer finance and micro-finance to consumers and businesses in Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania and Uganda.

DPI has also finalised an investment and strategic partnership with Egypt’s leading household appliances and consumer electronics retailer, B.Tech.

Environmental and social aspects

We are working closely with the fund manager to improve its existing Environmental and Social Management System, including delivering an action plan.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.


We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

Education, Financial services, Infrastructure, Manufacturing, Other consumer services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Fund manager:
Development Partners International
Start date

For direct investments, this is the date British International Investment committed capital to the business or project.

For funds, this is the date that British International Investment committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

July 2013

For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that British International Investment has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.


Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Universite Privee de Marrakech

Université Privée de Marrakech is one of Morocco's leading private universities and has grown to be one of the foremost private higher education providers. It serves over 2000 students on its 32 hectare campus located in Marrakech. It provides under-graduate, graduate and doctoral degree programmes.

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Morocco Africa, North Africa Education March 2014 Active
HomeChoice Holdings Limited

HomeChoice is South Africa's leading home-shopping retailer, selling homeware merchandise and financial services to a customer base of over 500,000 people in South Africa and neighbouring regions (including Botswana, Lesotho, Namibia, Swaziland and Zambia).

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South Africa Africa, Southern Africa Other consumer services December 2014 Active
ETW Holdings Limited/Eaton Venture LLP

Eaton Venture LLP manages telecommunications infrastructure and IT service management interests in Africa and the Middle East. The Group is primarily focused on providing outsourced tower ownership and maintenance services to GSM telecommunications operators across Africa.

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Africa Infrastructure June 2015 Exited

B-Tech is the largest electronics and home applicances retailer/distributor in Egypt with over 50 stores throughout the country. It is also one of the only retailers which provide loans to creditworthy customers to buy their products.

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Egypt Africa, North Africa Other consumer services June 2016 Active
General Emballage

General Emballage manufactures corrugated cardboard packaging in Algeria.

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Algeria Africa, North Africa Manufacturing July 2016 Active
Egyptian German Industrial Corporate (EGIC)

Market leader in building supplies in Eygpt.

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Egypt Africa, North Africa Manufacturing April 2017 Active
Atlantique Finance Group

Atlantique Finance Group (AFG) is the holding company of the Group Banque Atlantique; a network of banks, financial institutions and services. It provides financing to individuals and corporations, and has branches in 8 countries, including Mali.

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Cote d'Ivoire Africa, West Africa Financial services December 2017 Active
Food Concepts Plc

Food Concepts is a leading Nigeria based food retailing company with holdings in the quick service restaurant sector.

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Nigeria Africa, West Africa Other consumer services July 2018 Active
MNT Investments Egypt Africa, North Africa Financial services August 2018 Active
Compagnie Marocaine de Goutte a Goutte et de Pompage (CMGP) Morocco Africa, North Africa Manufacturing September 2018 Active
Dolidol Morocco Africa, North Africa Manufacturing October 2018 Active
IFS (International Facilities Services)

International Facilities Services (IFS) is a leading provider of facilities management across Africa, offering management of both remote and urban sites throughout the continent. The core services include catering, housekeeping, laundry, maintenance, equipment-supply and management.

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Africa Other consumer services January 2019 Active

We are now British International Investment