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*By default we only show investments made since the start of 2012. If you want to include our pre-2012 legacy portfolio, or search a specific date range, amend the date range above.

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Investment name Country Region Sector Status
Leap Agri Logistics (Khagaria) Private limited

Leap is one of the leading agricultural warehousing and logistics companies in India. It has a twofold mission: to connect the grain supply chain from farm to business, and to transform itself into a robust agri-silos and logistics platform.

Website:
http://leapifl.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $7.41m South Asia Business and consumer services October 2021 Active
India South Asia Business and consumer services Active
Leap Agri Logistics (Madhubani) Private limited

Leap is one of the leading agricultural warehousing and logistics companies in India. It has a twofold mission: to connect the grain supply chain from farm to business, and to transform itself into a robust agri-silos and logistics platform.

Website:
http://leapifl.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $6.6m South Asia Business and consumer services October 2021 Exited
India South Asia Business and consumer services Exited
Liberty Wind Power 1 (PVT) Limited

CDC’s investment is funding the creation of 150 MW of wind farms located in the Jhimpir area of the Sindh province of Pakistan. The project involves three separate schemes of 50 MW each, two developed by Liberty Mills and one by Indus Group.

Website:
https://libertymillslimited.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $27.2m South Asia Infrastructure November 2019 Active
Pakistan South Asia Infrastructure Active
Liberty Wind Power 2 (PVT) Limited

CDC’s investment is funding the creation of 150 MW of wind farms located in the Jhimpir area of the Sindh province of Pakistan. The project involves three separate schemes of 50 MW each, two developed by Liberty Mills and one by Indus Group.

Website:
https://libertymillslimited.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $27.2m South Asia Infrastructure November 2019 Active
Pakistan South Asia Infrastructure Active
Light Microfinance Private Limited

Light Microfinance is a Non-Banking Finance Company registered with the Reserve Bank Of India. Light Microfinance provides microfinance products and services, targeting rural and peri-urban areas, with a specific focus on women. The company operates in Gujarat, Rajasthan, Madhya Pradesh and Haryana.

Website:
https://lightmicrofinance.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $9.3m South Asia Financial services August 2022 Active
India South Asia Financial services Active
Lightsource India Limited

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $217.27k South Asia Infrastructure March 2023 Active
India South Asia Infrastructure Active
Liquid Telecommunications Holding Limited

Liquid Telecom is a leading technology and digital solutions provider in eastern, central and southern Africa. Liquid Telecom is the largest independent fibre and cloud provider in Africa. It has built Africa’s largest independent fibre network. It also operates state-of-the-art data centres in Johannesburg, Cape Town and Nairobi, and is a leading provider of cloud-based services across Africa.

Website:
https://liquid.tech/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $180m East Africa, Southern Africa, Western Europe Technology and telecoms December 2018 Exited
Kenya, Mauritius, Rwanda, South Africa, United Kingdom, Zambia, Zimbabwe East Africa, Southern Africa, Western Europe Technology and telecoms Exited
Liquid Telecommunications Jersey Limited

Liquid Telecom is a leading technology and digital solutions provider in eastern, central and southern Africa. Liquid Telecom is the largest independent fibre and cloud provider in Africa. It has built Africa’s largest independent fibre network. It also operates state-of-the-art data centres in Johannesburg, Cape Town and Nairobi, and is a leading provider of cloud-based services across Africa. The fund invested $4.2m.

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $40m East Africa, Southern Africa, Western Europe Technology and telecoms July 2020 Exited
Kenya, Mauritius, Rwanda, South Africa, United Kingdom, Zambia, Zimbabwe East Africa, Southern Africa, Western Europe Technology and telecoms Exited
Loadshare Networks Private Limited

Loadshare is an Indian logistics company that uses technology to bring together small and medium logistics companies to create a pan-Indian network reaching local suppliers and rural customers. By bringing together these smaller companies, Loadshare enables them to have better market access, which in turn boosts their growth and creates jobs.

Website:
https://loadshare.net/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $2m South Asia Technology and telecoms March 2020 Active
Investment 02 $4.06m South Asia Technology and telecoms January 2022 Active
Investment 03 $5m South Asia Technology and telecoms August 2024 Active
India South Asia Technology and telecoms Active
Lovegrass Limited

Founded in 2016, Lovegrass is an integrated agri-processing company that sources teff, a highly nutritious and gluten-free indigenous Ethiopian grain, from smallholder farmers in the Amhara-region, and produces and distributes teff-based consumer products including flour, cereals, snacks and powdered drinks. LG sells to consumers in Ethiopia and exports to the Ethiopian and Eritrean diasporas and health food markets in the UK and Europe.

Website:
https://thelovegrass.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $5m East Africa Food and agriculture December 2025 Active
Ethiopia East Africa Food and agriculture Active
Luponde Hydro Limited

Rift Valley Energy (RVE) is a rural renewable energy infrastructure platform, which develops, finances, owns and operates renewable energy generation assets and a rural power distribution network in Southern Tanzania.

Website:
https://www.riftvalleyenergy.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $3.82m East Africa Infrastructure December 2024 Active
Tanzania East Africa Infrastructure Active
Lynx Food Group

We have invested via Lynx Food Group into Lona Group. Lona Group is an integrated fruit businesses in South Africa, involved in activities across the food value chain. This includes farming, aggregating and packing fruit (citrus, mango, grape, olives, and stonefruit), cold storage and logistics, marketing fruit for export and domestic consumption, and fruit and vegetable processing.

Website:
www.lona.co.za

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $6.69m Southern Africa Food and agriculture January 2022 Active
South Africa Southern Africa Food and agriculture Active
M-Kopa Holdings Limited

M-Kopa is Africa’s leading connected asset financing provider, selling a diversified range of devices including smartphones, digital financial services such as cash loans and solar home systems in Kenya, Uganda, Nigeria and Ghana. Its products are sold through a “pay-as-you go” (“PAYG”) model, requiring clients to pay an initial deposit followed by daily instalments via mobile money. As of today, the company has over 1 million active customers. 

Website:
http://www.m-kopa.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $3m East Africa, Southern Africa, West Africa Financial services December 2019 Exited
Investment 02 $7.5m East Africa, Southern Africa, West Africa Financial services June 2021 Exited
Ghana, Kenya, Nigeria, South Africa, Uganda East Africa, Southern Africa, West Africa Financial services Exited
M-Kopa LLC

M-Kopa is Africa’s leading connected asset financing provider, selling a diversified range of devices including smartphones, digital financial services such as cash loans and solar home systems in Kenya, Uganda, Nigeria and Ghana. Its products are sold through a “pay-as-you go” (“PAYG”) model, requiring clients to pay an initial deposit followed by daily instalments via mobile money. As of today, the company has over 1 million active customers.

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $11.65m East Africa Financial services September 2016 Exited
Investment 02 $7m East Africa Financial services November 2017 Exited
Kenya East Africa Financial services Exited
M-Kopa Ltd.

M-Kopa is Africa’s leading connected asset financing provider, selling a diversified range of devices including smartphones, digital financial services such as cash loans and solar home systems in Kenya, Uganda, Nigeria and Ghana. Its products are sold through a “pay-as-you go” (“PAYG”) model, requiring clients to pay an initial deposit followed by daily instalments via mobile money. As of today, the company has over 1 million active customers. 

Website:
http://www.m-kopa.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $18m East Africa Financial services June 2017 Exited
Investment 02 $1.99m East Africa Financial services April 2021 Exited
Investment 03 $4.93m East Africa Financial services December 2022 Active
Kenya East Africa Financial services Active
M-Kopa Uganda Limited

Headquartered in Nairobi, M-KOPA is the world’s largest, pay-as-you-go solar energy company.

Its off-grid solar home systems now operate in over 700,000 low-income households in Kenya and Uganda. It is also using its credit system and distribution network to provide a range of financial and other services to its customers.

The firm was founded in 2010 by Nick Hughes, Chad Larson, and Jesse Moore.

Website:
http://www.m-kopa.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $2m East Africa Financial services October 2017 Exited
Uganda East Africa Financial services Exited
Magpet Polymers Private Limited

Magpet Polymers is headquartered in Kolkata, and is one of the largest manufacturers in India of PET preforms along with jars, dispensers, PET bottles, caps and closures. The Company is backward integrating and setting up a plant to produce recycled PET flakes and pellets, which will make Magpet the first fully circular bottle-to-bottle manufacturer in India. Proceeds of BII’s loan will be entirely used to fund development of the recycled PET plant.

Website:
http://magnumgroup.in/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $24.43m South Asia Business and consumer services October 2024 Active
India South Asia Business and consumer services Active
Mahindra Electric Automobile Limited

Mahindra Electric Automobile Limited (MEAL) is a new four-wheeler passenger electric vehicle venture company launched by Mahindra & Mahindra (M&M), a leading Indian automotive group.

Website:
https://mahindraelectricautomobile.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $244.6m South Asia Manufacturing July 2022 Active
Investment 02 $-48.27m South Asia Manufacturing August 2023 Active
Investment 03 $-8.91m South Asia Manufacturing December 2024 Active
India South Asia Manufacturing Active
Malindi Solar Group Limited

The Malindi Solar Group will build a 52 MW solar photovoltaic power plant in South-East Kenya. Globeleq, our majority owned independent power producer solely focused on building more power generation in Africa, is the sponsor of the project. Malindi is on track to be the first of four utility-scale solar power plants in Kenya to begin construction.

Website:
https://globeleq.com/power-plants/malindi-solar/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $51.91m East Africa Infrastructure May 2018 Active
Investment 02 $-20m East Africa Infrastructure May 2019 Active
Kenya East Africa Infrastructure Active
Manipal

Manipal Education and Medical Group (MEMG) is one of India’s leading medical research, education, and healthcare services providers. It manages hospitals, education institutions, and medical research facilities.

The Bangalore-based company was founded in 1953 and owns and operates onsite campuses in Manipal, Mangalore, Bangalore, Goa, Sikkim, Nepal, Malaysia, the United Arab Emirates, and Antigua.

MEMG-CDC Ventures is a new platform established by Manipal and CDC, pooling capital and expertise to back and develop the next generation of out-of-hospital healthcare services.

Website:
https://www.manipalgroup.com/memg.html

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $58.9m South Asia Health January 2017 Exited
India South Asia Health Exited
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Fund name Country Region Sector Status
Verod Capital Growth Fund III

Verod Fund III is the second fund being raised by Verod Capital to invest in West African SMEs. The fund manager has built a strong investment track record over the last decade and typically invests in consumer goods and services sectors, agribusiness, and financial services, with investment themes centred around regional expansion and import substitution.

Website:
http://www.verod.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $20m Africa Business and consumer services, Financial services, Health, Technology and telecoms December 2019 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
DTRT Apparel Ltd Ghana West Africa Business and consumer services June 2019 Active
i-Fitness Centre Limited Nigeria West Africa Business and consumer services March 2024 Active
ISON Infotel Limited Africa, Ghana, Nigeria Africa, West Africa Technology and telecoms March 2024 Active
Medplus Limited Nigeria West Africa Health March 2022 Active
Moniepoint Inc. Nigeria West Africa Financial services October 2024 Active
Pan-African Towers Limited Nigeria West Africa Technology and telecoms October 2023 Active
Prime Pharmacy Ltd Ghana West Africa Health June 2024 Active
Tangerine General Insurance Limited Nigeria West Africa Financial services September 2020 Active
Africa, Ghana, Nigeria Africa Business and consumer services, Financial services, Health, Technology and telecoms Active
Wavemaker Impact Sub-Fund 1

Wavemaker Impact is the first VC climatech venture builder in Southeast Asia, building ‘100×100’ companies that have the potential to reach more than USD 100 million in annual recurring revenue and abate more than 100 megatonnes of GHG emissions at scale.

Website:
https://wavemakerimpact.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $6m Rest of the World Business and consumer services, Construction and real estate, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms November 2023 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
10ants Enterprise Pte Ltd Thailand Rest of the World Construction and real estate March 2025 Active
Arysun Energy Group Pte. Ltd. Indonesia Rest of the World Infrastructure Renewable March 2025 Active
Biora Energy Private Limited India South Asia Infrastructure December 2025 Active
BumiBaru Pte. Ltd. Indonesia, Vietnam Rest of the World Business and consumer services December 2023 Active
GBN Food Solutions Pte Ltd Indonesia Rest of the World Business and consumer services March 2024 Active
Helios Solar Pte. Ltd. Philippines Rest of the World Infrastructure Renewable December 2023 Active
HiFeed Indonesia Rest of the World Food and agriculture September 2024 Active
Lumio Solar Pte. Ltd. Singapore Rest of the World Infrastructure Renewable December 2025 Active
Metroelectro Pty Ltd Australia Rest of the World Infrastructure Renewable March 2024 Active
Muun AI Pte. Ltd. Indonesia Rest of the World Technology and telecoms March 2026 Active
Neoterra Innovations Private Limited India South Asia Manufacturing June 2025 Active
Nul Global Technologies Pte. Ltd. Singapore, Vietnam Rest of the World Manufacturing March 2025 Active
Numat Pte. Ltd. Philippines Rest of the World Manufacturing June 2024 Active
Octayne Green Fuel Pte Ltd Indonesia Rest of the World Infrastructure March 2024 Active
Refy Pte Ltd Singapore Rest of the World Financial services March 2024 Active
RegenX Impact Pte. Ltd. Indonesia, Vietnam Rest of the World Financial services December 2023 Active
Rize Pte. Ltd. Indonesia, Vietnam Rest of the World Food and agriculture December 2023 Active
Valtor Pte. Ltd. India South Asia Technology and telecoms September 2025 Active
Virdalis Pte Ltd Philippines Rest of the World Health March 2026 Active
WasteX Pte. Ltd. Philippines Rest of the World Business and consumer services December 2023 Active
Zentide Pte. Ltd. Fund Indonesia Rest of the World Health March 2025 Active
Australia, India, Indonesia, Philippines, Singapore, Thailand, Vietnam Rest of the World Business and consumer services, Construction and real estate, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms Active
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Investment name Fund Country Region Sector Fossil fuel or renewable exposure Start date Status
Awign Enterprises Private Limited Amicus Capital Partners Private Equity I India South Asia Manufacturing September 2022 Exited
Axian Telecom Ninety One Africa Credit Opportunities Fund 3A Africa, Comoros, Madagascar, Senegal, Tanzania, Togo, Uganda Africa, East Africa, West Africa Technology and telecoms September 2025 Active
Axinan Pte Ltd Blue Orchard Insuresilience Fund II Southeast Asia, Vietnam Rest of the World Financial services September 2024 Active
Axis Pay BV Sawari Ventures North Africa Fund I Cooperatief U.A. Egypt North Africa Financial services July 2021 Active
Axis Pensions Group Limited AFIG Fund II LP Ghana West Africa Financial services March 2019 Active
Axis Room Seedfund2 International India South Asia Business and consumer services September 2013 Active
Axxend Corporation 2 Cauris Croissance II West Africa Africa Technology and telecoms May 2013 Active
Ayana Renewable Power Green Growth Feeder Fund Pte. Ltd India South Asia Infrastructure Renewable March 2019 Active
Aye Finance Pvt Ltd COVID-19 Emerging and Frontier Market MSME Support Fund India South Asia Financial services September 2022 Exited
Ayekart Fintech Private Limited Omnivore Agritech & Climate Sustainability Fund III India South Asia Food and agriculture March 2024 Active
Ayr Energy India Pvt Ltd 3one4 Capital IFSC Fund India South Asia Infrastructure September 2025 Active
Azalai Hotels AfricInvest III West Africa Africa Business and consumer services December 2016 Active
Azalai Hotels Cauris Croissance II West Africa Africa Business and consumer services December 2012 Active
Azaylla Insitor Impact Asia Fund 2 Cambodia Rest of the World Food and agriculture December 2022 Active
Azimuth Africa Renewable Energy Fund Ghana West Africa Infrastructure June 2017 Exited
Azito Energie SA Interact Climate Change Facility (ICCF) Cote d'Ivoire West Africa Infrastructure Fossil Fuel March 2013 Active
Aziza Mediterrania Capital III LP Tunisia North Africa Business and consumer services June 2019 Exited
Azuri Technologies Ltd COVID-19 Energy Access Relief Fund Kenya East Africa Infrastructure November 2021 Active
B-Tech African Development Partners II Egypt North Africa Business and consumer services June 2016 Exited
Baía Mall Actis Africa Real Estate Fund 2 LP Mozambique East Africa Construction and real estate May 2016 Active

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