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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
Agristar Holdings (Pty) Ltd

Agristar, a fourth-generation farming business was founded in 1948, starting with Sugarcane and Subtropical fruit in the eastern regions of Mpumalanga. Today they specialise in growing, processing and marketing macadamia nuts of the highest quality.

Website:
https://agristargroup.co.za/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $11.55m Southern Africa Food and agriculture December 2023 Active
Investment 02 $2.09m Southern Africa Food and agriculture August 2025 Active
Malawi, South Africa Southern Africa Food and agriculture Active
Akiira Geothermal

Akiira One Geothermal Company Limited is a special purpose vehicle established with the sole purpose of developing and implementing the Akiira geothermal power project.

The Akiira project is a 35 MW geothermal project that utilises the geothermal resources in the Kenyan part of the Rift Valley

Website:
http://www.akiiraone.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $4.2m East Africa Infrastructure April 2016 Exited
Kenya East Africa Infrastructure Exited
AkshayaKalpa Farms and Foods Private Limited

Akshayakalpa is a fully-integrated direct to consumer dairy brand in South India. The company aims to increase sustainable and regenerative farming in India while improving the nutritional impact of dairy products available to consumers. It is India’s first certified organic and Fairtrade dairy enterprise.

Website:
https://akshayakalpa.org/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $6.89m South Asia Food and agriculture July 2022 Active
Investment 02 $1.99m South Asia Food and agriculture December 2023 Active
India South Asia Food and agriculture Active
Altum Credo Home Finance Pvt Ltd

Altum Credo addresses the home finance needs of customers within low and medium-income groups.

Website:
https://altumcredo.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $4.09m South Asia Financial services March 2024 Active
Investment 02 $19.88m South Asia Financial services July 2025 Active
India South Asia Financial services Active
Amandi Energy

The Amandi Energy Independent Power Project (IPP) involves the construction of a 203 megawatt (MW) combined cycle gas turbine in Western Ghana, near the coastal town of Aboadze.

Amandi Energy is part of the STL Group, an infrastructure and energy group that has operated in Ghana and West Africa for over 30 years.

Website:
http://www.amandi-energy.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $82.9m West Africa Infrastructure October 2016 Active
Ghana West Africa Infrastructure Active
Ampersand USA, Inc

Ampersand is an East African electric mobility company. It deploys a battery swapping model focused on electric two-wheelers across Rwanda and Kenya. Ampersand’s solution is a cleaner and cheaper alternative to petrol motorcycles.

Website:
https://www.ampersand.energy/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $7m East Africa Infrastructure July 2025 Active
Kenya, Rwanda East Africa Infrastructure Active
Annapurna Finance Private Limited

Annapurna Finance is a microfinance institution which aims to provide economic opportunities and reduce poverty within low-income communities by providing needs-based financial services.

Website:
https://annapurnafinance.in/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $8.16m South Asia Financial services March 2021 Exited
India South Asia Financial services Exited
Apollo Agriculture, Inc.

Apollo Agriculture provides farm financing as part of a bundle of agri-services, including farm inputs, advisory, insurance and market access, which drive improved returns for the smallholder farmer.

Website:
https://www.apolloagriculture.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $2m East Africa Financial services March 2022 Active
Kenya East Africa Financial services Active
Apraava Kutch Saurashtra Smart Meter Private Limited

Apraava Kutch Saurashtra Smart Meter Private Limited is an SPV set up by Apraava Energy Private Limited for the implementation of the Advanced Metering Infrastructure Project (“AMISP”) in Gujarat. The SPV will implement and operate c.2.4 million meters as part of the concession.

Website:
https://www.apraava.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $45.7m South Asia Infrastructure March 2025 Active
India South Asia Infrastructure Active
Arab African International Bank (Egyptian JSC)

AAIB is a commercial bank in Egypt.

Website:
https://www.aaib.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $99m North Africa Financial services November 2024 Active
Egypt North Africa Financial services Active
ARC For Renewable Energy SAE

The Nubian Suns projects comprise 13 solar power plants located in the Benban Solar Park, near Aswan in Egypt. These plants will add a 590 megawatt (MW) capacity to the park.

ARC For Renewable Energy SAE is one of these plants, with a 50MW capacity.

The projects are funded by a syndicate of lenders led by the IFC.

When complete, Benban will be the largest solar power installation in the world with up to 1.65GW capacity and 32 solar plants.

Nubian Suns play a central part in round 2 of the Egypt Feed-In Tariff solar power programme which is introducing international investors and banks to Egypt at a crucial time for the country.

The Egyptian government launched this large-scale initiative in 2015 and has offered strong support for the Nubian Suns projects.

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

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $11.5m North Africa Infrastructure October 2017 Active
Egypt North Africa Infrastructure Active
ARC Ride Ltd

ARC Ride is a Nairobi-based electric mobility company focused on clean transport in Africa. It designs and assembles electric two-wheelers, supported by a battery swapping network and a Battery-as-a-Service (BaaS) model. ARC Ride aims to make clean, affordable mobility accessible across the continent.

Website:
https://arcrideglobal.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $5m East Africa Business and consumer services May 2025 Active
Investment 02 $3m East Africa Business and consumer services November 2025 Active
Kenya East Africa Business and consumer services Active
Arinna Solar Power SAE

The Nubian Suns projects comprise 13 solar power plants located in the Benban Solar Park, near Aswan in Egypt. These plants will add a 590 megawatt (MW) capacity to the park.

Arinna Solar Power SAE is one of these plants, with a 5oMW capacity.

The projects are funded by a syndicate of lenders led by the IFC.

When complete, Benban will be the largest solar power installation in the world with up to 1.65GW capacity and 32 solar plants.

Nubian Suns play a central part in round 2 of the Egypt Feed-In Tariff solar power programme which is introducing international investors and banks to Egypt at a crucial time for the country.

The Egyptian government launched this large-scale initiative in 2015 and has offered strong support for the Nubian Suns projects.

Website:
https://www.albilalgroup.com/projects/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $3.6m North Africa Infrastructure October 2017 Active
Egypt North Africa Infrastructure Active
ARM Cement Plc

ARM Cement Limited (ARM), is one of East Africa’s leading manufacturers of cement, lime and fertilizer. The firm has operations in Kenya, Tanzania and Rwanda.

Formerly known as Athi River Mining Limited, the company is headquartered in Nairobi and is listed on the Nairobi Securities Exchange (NSE).

Website:
http://www.armcement.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $140m East Africa Manufacturing September 2016 Active
Investment 02 $4m East Africa Manufacturing February 2018 Active
Kenya East Africa Manufacturing Active
Arohan Financial Services Limited

Arohan Financial Services Limited is a leading non-banking financial company microfinance institution (NBFC-MFI) operating in low-income states in India. Arohan provides loans and other financial inclusion-related products to customers who have limited or no access to financial services.

Website:
https://www.arohan.in/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $8.16m South Asia Financial services March 2021 Exited
India South Asia Financial services Exited
ASA International India Microfinance Limited

ASA International India Microfinance Limited is a microfinance institution operating in India. The company is a subsidiary of ASA International, one of the world’s largest international microfinance institutions.

Website:
https://india.asa-international.com/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $5.44m South Asia Financial services March 2021 Exited
India South Asia Financial services Exited
Asian Development Bank MRPA

The Asian Development Bank (ADB) envisions a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in the region. Despite the region’s many successes, it remains home to a large share of the world’s poor: 263 million living on less than $1.90 a day and 1.1 billion on less than $3.20 a day. ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. ADB maximizes the development impact of its assistance by facilitating policy dialogues,
providing advisory services, and mobilizing financial resources through co-financing operations that tap official, commercial, and export credit sources.

Website:
https://www.adb.org/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $50m South Asia, Southeast Asia Financial services December 2023 Active
Bangladesh, Pakistan, Vietnam South Asia, Southeast Asia Financial services Active
Asirvad Microfinance Limited

Asirvad Microfinance Limited provides microfinance loans to women from low-income households through its network of branches across 22 states in India.

Website:
https://asirvadmicrofinance.co.in/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $6.8m South Asia Financial services March 2021 Exited
India South Asia Financial services Exited
Aten Solar Energy SAE

The Nubian Suns projects comprise 13 solar power plants located in the Benban Solar Park, near Aswan in Egypt. These plants will add a 590 megawatt (MW) capacity to the park.

Aten Solar Energy SAE is one of these plants, with a 5oMW capacity.

The projects are funded by a syndicate of lenders led by the IFC.

When complete, Benban will be the largest solar power installation in the world with up to 1.65GW capacity and 32 solar plants.

Nubian Suns play a central part in round 2 of the Egypt Feed-In Tariff solar power programme which is introducing international investors and banks to Egypt at a crucial time for the country.

The Egyptian government launched this large-scale initiative in 2015 and has offered strong support for the Nubian Suns projects.

Website:
https://alcazarenergy.com/single-projects/benban-solar-pv-aten/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $15.75m North Africa Infrastructure October 2017 Active
Egypt North Africa Infrastructure Active
Atlas Solar Limited

Zhenfa Pakistan New Energy Company (Private) Limited specialises in investing, developing and commissioning solar power projects in Pakistan.

Website:
https://www.renewableresources.com.pk/project/zhenfa-pakistan-new-energy-company-ltd/

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $28m South Asia Infrastructure February 2021 Active
Pakistan South Asia Infrastructure Active
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  • Exited

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Fund name Country Region Sector Status
AFIG Fund II LP

The AFIG Fund II aims to invest in small and mid-sized enterprises (SMEs) in sub-Saharan Africa which operate in the agribusiness, manufacturing, energy, food and beverages, healthcare, and financial services sectors.

Website:
http://www.afigfunds.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $20m Africa Financial services, Food and agriculture, Manufacturing July 2016 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Axis Pensions Group Limited Ghana West Africa Financial services March 2019 Active
First Atlantic Bank Ltd. Ghana West Africa Financial services January 2018 Active
NEM Insurance plc Nigeria West Africa Financial services December 2018 Active
Nouvelle Mici – Embaci Cote d'Ivoire West Africa Manufacturing August 2019 Active
Soproicam Cameroon Central Africa Food and agriculture April 2020 Active
Tecnicil Industria Cape Verde West Africa Food and agriculture April 2017 Active
Cameroon, Cape Verde, Cote d'Ivoire, Ghana, Nigeria Africa Financial services, Food and agriculture, Manufacturing Active
Africa Capitalworks

Permanent capital vehicle investing in mid-market companies across SSA

Website:
http://www.capitalworksip.com/index_web.html

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $40m Africa Construction and real estate, Education, Food and agriculture, Health, Technology and telecoms August 2017 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Cipla Quality Chemical Industries Ltd Uganda East Africa Health December 2023 Active
Dorman Long Engineering Limited (DLE) Nigeria West Africa Construction and real estate Fossil Fuel September 2021 Active
Enko Education Limited Africa Africa Education December 2024 Active
Gaselia Industries Group Cote d'Ivoire, Guinea, Mali, Senegal, West Africa Africa, West Africa Food and agriculture December 2019 Active
Wingu Africa Group Ltd Africa Africa Technology and telecoms December 2020 Active
Africa, Mali, Nigeria, Uganda Africa Construction and real estate, Education, Food and agriculture, Health, Technology and telecoms Active
Africa Food Security Fund I

Africa Food Security Fund I makes
investments in food production and
processing throughout Africa at the small to
medium enterprise level.

Website:
https://www.zebuinvestments.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $15m Africa Business and consumer services, Financial services, Food and agriculture October 2018 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Africa Global Trade Finance South Africa Southern Africa Financial services November 2020 Active
Copia Global Inc. Kenya East Africa Food and agriculture December 2021 Active
ERFC Holdings Proprietary Limited South Africa Southern Africa Food and agriculture November 2021 Active
IQL Logistica (Pty) Ltd South Africa Southern Africa Food and agriculture September 2020 Active
Mozambique Terramar Mozambique East Africa Business and consumer services March 2022 Active
Royal Oven Bakery Limited Tanzania East Africa Business and consumer services October 2019 Exited
West End Farms Cameroon Central Africa Food and agriculture June 2019 Active
Cameroon, Kenya, Mozambique, South Africa, Tanzania Africa Business and consumer services, Financial services, Food and agriculture Active
Africa Forestry Fund II

SSA focused forestry fund

Website:
https://www.criterionafrica.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $30m Africa Manufacturing April 2018 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
CMO Africa Africa Manufacturing June 2022 Active
Form Ghana Limited Ghana West Africa Manufacturing December 2022 Active
Global-woods AG Uganda East Africa Manufacturing June 2020 Exited
Hans Merensky Holdings Pty Ltd (Bacarac) South Africa Southern Africa Manufacturing January 2022 Active
Kudu Biomass Group (Kudu) Namibia Southern Africa Manufacturing May 2022 Active
Merensky Timber (Pty) Ltd South Africa Southern Africa Manufacturing April 2023 Active
Moz Fibra LDA South Africa Southern Africa Manufacturing December 2023 Active
Rhino Modified Wood (Pty) Ltd South Africa Southern Africa Manufacturing February 2022 Active
Selokwe Agri (Pty) Ltd South Africa Southern Africa Manufacturing August 2019 Active
Sustainable Forestry Investments BV Ghana West Africa Manufacturing August 2021 Active
Sustainabuild Group South Africa Southern Africa Manufacturing March 2024 Active
Vuka Timbers South Africa Southern Africa Manufacturing August 2019 Active
Africa, Ghana, Namibia, South Africa, Uganda Africa Manufacturing Active
Africa Go Green Fund for Renewable Energy and Energy Efficiency S.C.S., SICAV – RAIF

Private credit fund investing in e-mobility, energy-service companies, and solar-home systems.

Website:
https://www.agg-fund.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $16m Africa Business and consumer services, Construction and real estate, Financial services, Food and agriculture, Infrastructure, Manufacturing, Technology and telecoms August 2024 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
AktivCo Burkina Faso Burkina Faso West Africa Manufacturing September 2024 Active
AktivCo Cameroon Cameroon Central Africa Manufacturing September 2024 Active
AktivCo Chad Chad Central Africa Manufacturing September 2024 Active
AktivCo Cote d’Ivoire Cote d'Ivoire West Africa Manufacturing September 2024 Active
AktivCo Niger Niger West Africa Manufacturing September 2024 Active
AktivCo Senegal Senegal West Africa Manufacturing September 2024 Active
Ampersand Rwanda Ltd Rwanda East Africa Manufacturing September 2024 Active
Bboxx Africa Ltd. Cote d'Ivoire, Ghana, Senegal, West Africa Africa, West Africa Infrastructure Renewable September 2024 Active
BioLite Carbon SPV Mauritius East Africa Infrastructure September 2024 Active
Bodawerk International Limited Uganda East Africa Business and consumer services May 2025 Active
Burn Manufacturing Co. Ltd Mauritius East Africa Manufacturing September 2024 Active
Delagua Rwanda East Africa Infrastructure December 2024 Active
Kasada – Cosmos Cote d'Ivoire West Africa Construction and real estate September 2024 Active
KOKO Networks Limited Kenya East Africa Food and agriculture December 2024 Active
M-Kopa Ltd. Kenya East Africa Financial services September 2024 Active
M-Kopa Uganda Limited Uganda East Africa Financial services September 2024 Active
Mawingu Networks Kenya East Africa Technology and telecoms December 2024 Active
Newgas Cylinder Bottling Limited Ghana West Africa Infrastructure Fossil Fuel May 2025 Active
Nexus Green Democratic Republic of Congo Central Africa Infrastructure December 2025 Active
Solarise Africa Kenya East Africa Financial services Renewable September 2024 Active
Spiro Mobility Tanzania East Africa Manufacturing December 2025 Active
Burkina Faso, Cameroon, Chad, Cote d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Mauritius, Niger, Rwanda, Senegal, Tanzania, Uganda Africa Business and consumer services, Construction and real estate, Financial services, Food and agriculture, Infrastructure, Manufacturing, Technology and telecoms Active
Africa Renewable Energy Fund

The Africa Renewable Energy Fund (AREF) invests in small hydro, wind, geothermal, stranded gas, and solar projects across sub-Saharan Africa, excluding South Africa.

AREF, which is managed by Berkeley Energy, is one of the first pan-African private equity funds focused on developing renewable energy infrastructure.

Website:
https://www.berkeley-energy.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $20m Africa Infrastructure October 2014 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Achwa 1 & 2 Uganda East Africa Infrastructure Renewable October 2014 Active
Achwa HPP3/4/5 Uganda East Africa Infrastructure Renewable September 2015 Active
Angola Hydro Angola Central Africa Infrastructure Renewable June 2023 Exited
APSD Ghana West Africa Infrastructure October 2016 Exited
Azimuth Ghana West Africa Infrastructure June 2017 Exited
BE Ghana Ghana West Africa Infrastructure March 2018 Exited
BE Uganda Uganda East Africa Infrastructure Renewable December 2016 Active
Bugoye Hydro Limited Uganda East Africa Infrastructure Renewable September 2015 Active
Corbetti Geothermal Ethiopia East Africa Infrastructure June 2014 Exited
Dibombe Cameroon Hydro Cameroon Central Africa Infrastructure Renewable August 2016 Exited
Kikagati Uganda East Africa Infrastructure Renewable September 2016 Active
Konikablo Ghana West Africa Infrastructure September 2016 Exited
Mahitsy Madagascar East Africa Infrastructure Renewable December 2018 Exited
Makambako Tanzania East Africa Infrastructure September 2016 Exited
Maraontsetra Madagascar East Africa Infrastructure Renewable December 2018 Exited
Sahanivotry Madagascar East Africa Infrastructure Renewable December 2018 Exited
Tsinjoarivo Madagascar East Africa Infrastructure Renewable December 2018 Exited
Angola, Cameroon, Ethiopia, Ghana, Madagascar, Tanzania, Uganda Africa Infrastructure Active
Africa Renewable Energy Fund II

Africa Renewable Energy Fund II (“AREF II”) is the second Africa focused renewable energy fund being raised by Berkeley Energy Africa. Berkeley Energy, founded in 2007, is a renewable energy developer and investor with presence in Africa and Asia. Berkeley built its experience across a range of renewable technologies including wind, solar, hydro and battery storage solutions for utility scale projects, as well as a distributed generation strategy focused in Asia. Berkeley launched its Africa business in 2014 leveraging this experience in Asia. British International Investment has a long relationship with Berkeley Energy after investing in Berkeley’s first fund, the Renewable Energy Asia Fund (“REAF”) in 2011, and subsequently supporting AREF I (“Fund I”) in 2014.

Website:
https://www.berkeley-energy.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $36.68m Africa, Central Africa, East Africa, Southern Africa Business and consumer services, Food and agriculture, Infrastructure June 2021 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Angola Hydro Angola Central Africa Infrastructure Renewable December 2021 Active
BECS C&I Kenya East Africa Food and agriculture Renewable December 2022 Active
Berkeley Energy Corporate Services Kenya East Africa Business and consumer services March 2023 Exited
Dibombe Cameroon Hydro Cameroon Central Africa Infrastructure Renewable December 2021 Active
Energy Storage Africa Africa, Malawi Africa, Southern Africa Infrastructure Renewable December 2021 Active
Mutinondo Luchenene Zambia Southern Africa Infrastructure Renewable March 2023 Active
Angola, Cameroon, Kenya, Malawi, Zambia Africa, Central Africa, East Africa, Southern Africa Business and consumer services, Food and agriculture, Infrastructure Active
African Development Partners II

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

Website:
http://www.dpi-llp.com

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $75m Africa Business and consumer services, Education, Financial services, Manufacturing, Technology and telecoms July 2013 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
B-Tech Egypt North Africa Business and consumer services June 2016 Exited
Banque Atlantique (ABI) Cote d'Ivoire West Africa Financial services December 2017 Active
Compagnie Marocaine de Goutte a Goutte et de Pompage (CMGP) Morocco North Africa Manufacturing September 2018 Active
Dolidol Morocco North Africa Manufacturing October 2018 Active
Egyptian German Industrial Corporate (EGIC) Egypt North Africa Manufacturing April 2017 Active
ETW Holdings Limited/Eaton Venture LLP Africa Africa Technology and telecoms June 2015 Exited
Food Concepts Plc Nigeria West Africa Business and consumer services July 2018 Active
General Emballage Algeria North Africa Manufacturing July 2016 Active
HomeChoice Holdings Limited South Africa Southern Africa Business and consumer services December 2014 Active
IFS (International Facilities Services) Africa Africa Business and consumer services January 2019 Active
KMR Holdings Pedagogique (KMR) Morocco North Africa Education March 2014 Active
MNT Investments Egypt North Africa Financial services August 2018 Exited
RTT South Africa Southern Africa Business and consumer services June 2014 Active
Africa, Algeria, Cote d'Ivoire, Egypt, Morocco, Nigeria, South Africa Africa Business and consumer services, Education, Financial services, Manufacturing, Technology and telecoms Active
African Development Partners III

Development Partners International (DPI) is an investment fund manager which looks to invest in the pan-Africa region. The UK-based firm was founded in 2007. DPI’s strategy is to build a diversified pan-African portfolio of investments in established and growing companies.

Website:
http://www.dpi-llp.com

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $80m Africa, North Africa, Southern Africa Business and consumer services, Financial services, Food and agriculture, Health, Technology and telecoms June 2019 Active
Investment 02 $20m Africa, North Africa, Southern Africa Business and consumer services, Financial services, Food and agriculture, Health, Technology and telecoms March 2021 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Channel VAS (Optasia) Nigeria West Africa Technology and telecoms September 2019 Active
Compagnie Financiere Africaine Cote d’Ivoire SA Cote d'Ivoire West Africa Financial services June 2022 Active
Kazyon Egypt North Africa Business and consumer services June 2022 Active
Kelix Bio Limited Egypt, India, Morocco North Africa, South Asia Health October 2020 Exited
Marcyrl Pharmaceutical Industries Egypt North Africa Health March 2023 Active
MNT-Halan Egypt North Africa Financial services July 2021 Active
Moniepoint Inc. Nigeria West Africa Financial services December 2024 Active
Pan-African Towers Limited Nigeria West Africa Technology and telecoms December 2023 Active
Sicam Tunisia North Africa Food and agriculture May 2020 Active
Solevo B.V. Angola, Burkina Faso, Cameroon, Cote d'Ivoire, Madagascar, Mali, Senegal Central Africa, East Africa, West Africa Food and agriculture March 2023 Active
Ukheshe South Africa Southern Africa Financial services December 2022 Active
Cote d'Ivoire, Egypt, Nigeria, South Africa, Tunisia Africa, North Africa, Southern Africa Business and consumer services, Financial services, Food and agriculture, Health, Technology and telecoms Active
African Development Partners IV

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.

Website:
http://www.dpi-llp.com

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $45m Africa December 2025 Active
Africa Active
African Forestry Impact Platform

We co-developed the African Forestry Impact Platform (AFIP) with New Forests Pty Ltd, as a vehicle to invest in forestry assets in sub-Saharan Africa. It is managed by New Forests.

Website:
https://newforests.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $75m Africa, East Africa Manufacturing January 2023 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Green Resources AS Mozambique, Tanzania, Uganda East Africa Manufacturing January 2023 Active
Rance Timber South Africa Southern Africa Manufacturing September 2025 Active
South Africa Africa, East Africa Manufacturing Active
African Infrastructure Investment Fund III

The African Infrastructure Investment Fund III (AIIF III) is the firm’s second sub-Saharan Africa focused fund. AIIF III will target core infrastructure investments in the power, transport and midstream energy sectors across sub-Saharan Africa.

Website:
https://aiimafrica.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 02 $45m Africa Financial services, Infrastructure, Technology and telecoms May 2017 Active
Investment 03 $5m Africa Financial services, Infrastructure, Technology and telecoms December 2018 Active
Investment 01 $15.63m Africa Financial services, Infrastructure, Technology and telecoms November 2020 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
AIIM Hydroneo Ghana, Mali, Morocco, South Africa North Africa, Southern Africa, West Africa Infrastructure Renewable June 2017 Active
Albatros Energy Mali West Africa Infrastructure Fossil Fuel June 2017 Active
Amandi Energy Ghana West Africa Infrastructure Fossil Fuel December 2017 Active
Beyond Energy Investments Ltd Africa Africa Financial services Renewable November 2018 Active
Central African Corridor Company (CACC) Zambia Southern Africa Infrastructure May 2019 Active
DSM Corridor Group Tanzania East Africa Infrastructure June 2017 Active
Eastcastle Infrastructure Holdings Ltd Democratic Republic of Congo, Nigeria Central Africa, West Africa Technology and telecoms July 2021 Active
Ecow Gas Africa Africa Infrastructure Fossil Fuel December 2021 Active
Maria Gleta Benin West Africa Infrastructure Fossil Fuel February 2019 Active
Metrofibre Networx South Africa Southern Africa Technology and telecoms January 2021 Active
Onix Accra 1 Ghana West Africa Technology and telecoms February 2021 Active
Petroleum Products Pipeline SA (3PL) Cameroon Central Africa Infrastructure Fossil Fuel March 2018 Active
Proton Energy Nigeria West Africa Infrastructure Fossil Fuel June 2017 Active
Société d’Exploitation et de Gestion Aéroportuaire (SEGAP) West Africa Africa Infrastructure June 2018 Active
Sodigaz Group Burkina Faso West Africa Infrastructure Fossil Fuel August 2021 Active
Starsight Power Utility Limited Nigeria West Africa Infrastructure Renewable December 2017 Active
Tema LNG Terminal Company Ghana West Africa Infrastructure Fossil Fuel February 2020 Active
Uquo Integrated Gas Business (Accugas) Nigeria West Africa Infrastructure Fossil Fuel March 2018 Active
Volta (ETIX) Ghana West Africa Infrastructure October 2022 Active
Zina Solaire Burkina Faso West Africa Infrastructure June 2017 Exited
Africa, Benin, Burkina Faso, Cameroon, Democratic Republic of Congo, Ghana, Mali, Morocco, Nigeria, South Africa, Tanzania, West Africa, Zambia Africa Financial services, Infrastructure, Technology and telecoms Active
African Infrastructure Investment Fund IV

The African Infrastructure Investment Fund IV invests across Africa according to three key themes: 1. digital infrastructure (including mobile telecoms towers, datacentres, and fibre optic networks); 2. energy transition (including renewable energy generation) and; 3. mobility and logistics (including ports, roads and other supporting infrastructure).

The fund is managed by African Infrastructure Investment Managers (“AIIM”), a South Africa headquartered fund manager which has more than 20 years of experience investing in African infrastructure.

We first invested with AIIM in 2010 when we committed to African Infrastructure Investment Fund II. This was followed by a commitment to African Infrastructure Investment Fund III in 2017.

Website:
https://aiimafrica.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $76m Africa, Central Africa, East Africa, Southern Africa, West Africa Business and consumer services, Construction and real estate, Infrastructure, Technology and telecoms June 2022 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Bulkstream Logistics Kenya East Africa Business and consumer services December 2024 Active
Commercial Cold Holdings (CCH) South Africa Southern Africa Construction and real estate March 2023 Active
Eastcastle Infrastructure Holdings Ltd Democratic Republic of Congo, Nigeria Central Africa, West Africa Technology and telecoms September 2022 Active
Eastcastle Series B Nigeria West Africa Manufacturing September 2022 Active
Infraconnect 15 & 18 Kenya East Africa Infrastructure December 2022 Active
N+One Data Centers (MED) Morocco North Africa Technology and telecoms September 2023 Active
NOA Investments (Pty) Ltd Mauritius East Africa Infrastructure Renewable March 2023 Active
The Logistics Group South Africa Southern Africa Infrastructure June 2022 Active
Democratic Republic of Congo, Kenya, Mauritius, Morocco, Nigeria, South Africa Africa, Central Africa, East Africa, Southern Africa, West Africa Business and consumer services, Construction and real estate, Infrastructure, Technology and telecoms Active
African Rivers Fund

The African Rivers Fund (ARF) invests in small and medium-sized enterprises, at the early venture and late stages. It will target high-growth, well-managed small and medium-sized enterprises (SMEs) in the Central and East African region.

Website:
https://www.xsmlcapital.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $10m Africa Business and consumer services, Education, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms February 2016 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Citadel Holdings Uganda East Africa Health November 2018 Active
Ecopharm Ltd Uganda East Africa Health October 2017 Active
Ets. B.I.S Democratic Republic of Congo Central Africa Health April 2016 Exited
Fawaz Trading Democratic Republic of Congo Central Africa Business and consumer services February 2017 Active
First and Future Democratic Republic of Congo Central Africa Technology and telecoms June 2019 Exited
Gerant de l’Eternal Democratic Republic of Congo Central Africa Business and consumer services March 2017 Active
Groupe M&N SARL Democratic Republic of Congo Central Africa Business and consumer services May 2016 Exited
Ice Industries Uganda East Africa Food and agriculture February 2019 Active
Institut Aurora Democratic Republic of Congo Central Africa Education April 2016 Active
Kare Distribution Uganda East Africa Business and consumer services May 2017 Active
M&N Cleaning Uganda East Africa Business and consumer services July 2017 Active
Maison Galaxy Democratic Republic of Congo Central Africa Business and consumer services August 2016 Exited
MDN Democratic Republic of Congo Central Africa Health November 2018 Active
Monishop Democratic Republic of Congo Central Africa Business and consumer services August 2016 Active
NRJ Sarl Democratic Republic of Congo Central Africa Business and consumer services April 2016 Active
PCA Democratic Republic of Congo Central Africa Business and consumer services September 2018 Active
Pop Shop Sarl Democratic Republic of Congo Central Africa Business and consumer services June 2016 Active
Prime Concept Uganda East Africa Manufacturing March 2019 Exited
Qualicoff Uganda East Africa Food and agriculture May 2017 Active
Quickprint Sarl Democratic Republic of Congo Central Africa Manufacturing December 2016 Active
RJ Trading Sarl Democratic Republic of Congo Central Africa Business and consumer services April 2016 Active
Simba Oil Ltd Uganda East Africa Infrastructure March 2018 Exited
Simba Telecom Uganda East Africa Technology and telecoms December 2019 Active
Sindco Democratic Republic of Congo Central Africa Manufacturing December 2019 Active
SODEP Democratic Republic of Congo Central Africa Infrastructure May 2017 Exited
Sodikim Democratic Republic of Congo Central Africa Manufacturing October 2018 Exited
SoGood SARL Democratic Republic of Congo Central Africa Business and consumer services April 2016 Exited
Telcare Ltd Uganda East Africa Technology and telecoms July 2017 Exited
TMR Uganda East Africa Health September 2018 Active
Toussaint Ndombasi Democratic Republic of Congo Central Africa Financial services June 2022 Active
Democratic Republic of Congo, Uganda Africa Business and consumer services, Education, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms Active
African Rivers Fund IV

African Rivers Fund IV (“ARF IV”), a Mauritius limited partnership, is targeting US$135 million to construct a portfolio of investments diversified in Central and East Africa, which collectively capture the underserved small and medium-sized enterprises (“SMEs”). ARF IV’s investment objective is to provide long-term financing to SMEs through self-liquidating instruments, including straight debt, debt with revenue-sharing, and debt with equity.

Website:
https://www.xsmlcapital.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $15m Central Africa, East Africa, Southern Africa Business and consumer services, Construction and real estate, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms March 2024 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Alcove Ltd Kenya East Africa Infrastructure September 2025 Active
BricoKin SARL Democratic Republic of Congo Central Africa Manufacturing June 2024 Active
Dreampack Ltd Uganda East Africa Manufacturing September 2024 Active
ETS Aqua Kola Democratic Republic of Congo Central Africa Food and agriculture September 2025 Active
ETS Dev Democratic Republic of Congo Central Africa Business and consumer services September 2025 Active
GMA Sarl Democratic Republic of Congo Central Africa Business and consumer services June 2024 Active
GoPhones Ltd Zambia Southern Africa Technology and telecoms March 2025 Active
GSK General Enterprises Ltd Uganda East Africa Food and agriculture December 2024 Active
Gulkis Commercio e Industria Ida Angola Central Africa Business and consumer services September 2024 Active
Hyperpsaro Sarl Democratic Republic of Congo Central Africa Food and agriculture March 2025 Active
Immobilier Petit Pont SAU Democratic Republic of Congo Central Africa Construction and real estate December 2024 Active
Infoset Sarl Democratic Republic of Congo Central Africa Technology and telecoms March 2025 Active
Inn Kin Sarl Democratic Republic of Congo Central Africa Business and consumer services December 2024 Active
Intermarcas Lda Angola Central Africa Food and agriculture March 2025 Active
Kayser Congo Sarl Democratic Republic of Congo Central Africa Business and consumer services March 2025 Active
Latitude Fifteen Degrees Limited Zambia Southern Africa Business and consumer services June 2025 Active
Marth Automobile Co ltd Uganda East Africa Manufacturing December 2025 Active
Mass Projects (u) Ltd Uganda East Africa Technology and telecoms December 2024 Active
PGT Sarl Democratic Republic of Congo Central Africa Business and consumer services September 2024 Active
Premier World Travels Ltd Uganda East Africa Business and consumer services December 2024 Active
Prime Concept Uganda East Africa Manufacturing September 2024 Active
Ranchers Finest Ltd Uganda East Africa Food and agriculture December 2024 Active
Rovis Investments Ltd Uganda East Africa Construction and real estate June 2024 Active
Selton Hotel Sarl Democratic Republic of Congo Central Africa Business and consumer services December 2024 Active
Shalina Pharmaceuticals Zambia Ltd Zambia Southern Africa Health June 2025 Active
Societe Immobiliere Kin Piazza SARL Democratic Republic of Congo Central Africa Construction and real estate December 2025 Active
SoGood SARL Democratic Republic of Congo Central Africa Business and consumer services September 2024 Active
Upcycle – Industria De Gestão Ambiental, LDA Angola Central Africa Health January 2025 Active
Wood Flex Uganda Limited Uganda East Africa Manufacturing September 2025 Active
Zara General Trading Ida Angola Central Africa Business and consumer services December 2024 Active
Zenith Pipes Limited Zambia Southern Africa Manufacturing September 2025 Active
Angola, Democratic Republic of Congo, Kenya, Uganda, Zambia Central Africa, East Africa, Southern Africa Business and consumer services, Construction and real estate, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms Active
AfricInvest Fund IV

AfricInvest Fund IV is a generalist pan-African fund aiming to foster the growth of African enterprises across the continent. It will invest in mid-cap and growth-oriented companies in sectors including financial services, agribusiness, logistics, manufacturing, healthcare, and education.

Website:
http://www.africinvest.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $50m Africa, North Africa, West Africa Business and consumer services, Education, Financial services, Food and agriculture, Technology and telecoms June 2020 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Arrow Holding Limited Egypt North Africa Business and consumer services September 2025 Active
AutoXpress International Limited Kenya East Africa Business and consumer services April 2022 Active
Banque Atlantique (ABI) Cote d'Ivoire West Africa Financial services March 2023 Exited
British University in Egypt Egypt North Africa Education June 2025 Active
CMGP – CAS Morocco North Africa Food and agriculture June 2021 Active
Fidelity Bank Plc Nigeria West Africa Financial services October 2020 Active
I&M Holdings Kenya East Africa Financial services May 2024 Active
ISON Infotel Limited Africa, Ghana, Nigeria Africa, West Africa Technology and telecoms October 2023 Active
Justrite Nigeria West Africa Business and consumer services December 2022 Active
M-Kopa Holdings Limited Ghana, Kenya, Nigeria, South Africa, Uganda East Africa, Southern Africa, West Africa Financial services December 2025 Active
Netis Holdings Africa Africa Technology and telecoms December 2023 Active
Africa, Cote d'Ivoire, Egypt, Kenya, Morocco, Nigeria Africa, North Africa, West Africa Business and consumer services, Education, Financial services, Food and agriculture, Technology and telecoms Active
AfricInvest III

AfricInvest Fund III (AF III) is the firm’s third pan-African fund which focuses on small to medium sized enterprises (SMEs). It was launched in 2014 and reached a fund size of €272.7 million at its final close in December 2016.

Website:
http://www.africinvest.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $32.83m Africa Business and consumer services, Education, Financial services, Food and agriculture, Manufacturing, Technology and telecoms September 2014 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Azalai Hotels West Africa Africa Business and consumer services December 2016 Active
Britam Holdings Africa Africa Financial services April 2018 Active
Carbon Holdings Egypt North Africa Manufacturing January 2018 Active
Elephant Group Ltd Nigeria West Africa Food and agriculture September 2015 Active
International Community Schools Ghana West Africa Education December 2016 Active
ISON Infotel Limited Africa, Ghana, Nigeria Africa, West Africa Technology and telecoms September 2018 Active
Les Centaure Routiers Cote d'Ivoire West Africa Business and consumer services Fossil Fuel November 2018 Active
One Tech Holding Group Tunisia North Africa Manufacturing December 2015 Exited
Prime Bank Kenya East Africa Financial services December 2018 Active
Salvador Caetano Group Africa Africa Business and consumer services November 2015 Active
Silafrica Plastics and Packaging Intl. Ltd Africa Africa Manufacturing March 2016 Active
Africa, Cote d'Ivoire, Egypt, Ghana, Kenya, Nigeria, Tunisia, West Africa Africa Business and consumer services, Education, Financial services, Food and agriculture, Manufacturing, Technology and telecoms Active
Algebra Ventures II Coöperatief U.A.

Algebra Ventures II is an Egypt-focused venture capital fund investing in entrepreneurial founders building transformative companies.

Website:
https://www.algebraventures.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $10m North Africa Business and consumer services, Financial services, Food and agriculture, Health, Infrastructure, Technology and telecoms August 2022 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Blnk B.V. Egypt North Africa Financial services December 2023 Active
Cartona B.V.fu Egypt North Africa Financial services June 2024 Active
Connect B.V. Egypt North Africa Financial services September 2024 Active
Deepecho Morocco North Africa Health July 2023 Active
Dx Wand Egypt North Africa Technology and telecoms March 2024 Active
Efreshli Egypt North Africa Business and consumer services March 2024 Active
Enza Group Holding Limited Egypt North Africa Financial services June 2025 Active
Mozare3 Holding B.V. Egypt North Africa Financial services September 2022 Active
Mtor E-Commerce, BV Egypt North Africa Technology and telecoms June 2022 Active
Octane Egypt North Africa Infrastructure June 2025 Active
Oliv Pvt. Ltd Egypt North Africa Financial services June 2024 Active
Smarkt Holding B.V. Egypt North Africa Business and consumer services April 2022 Exited
Sylndr PTE LTD Egypt North Africa Business and consumer services April 2022 Active
Yola Fresh Ltd Morocco North Africa Food and agriculture June 2024 Active
Egypt, Morocco North Africa Business and consumer services, Financial services, Food and agriculture, Health, Infrastructure, Technology and telecoms Active
Allianz Credit Emerging Markets Fund

The Allianz Credit Emerging Markets fund (ACE) will support Paris Agreement goals with a focus on climate finance across Africa, Latin America and Asia. It is a blended finance fund in which development finance institutions (such as BII) and MDBs, have committed $150 million of catalytic capital for the junior tranche of the fund. This will significantly reduce volatility and support the return expectations for private investors, that will provide up to a further $850 million if the expected final close target of $1 billion is reached.

Website:
https://uk.allianzgi.com/en-gb/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $40m Africa, Asia, Europe, Latin America and the Caribbean December 2025 Active
Africa, Asia, Europe, Latin America and the Caribbean Active
Alterra Africa Accelerator Fund

Alterra Capital Partners is an Africa-focused private equity firm that partners with exceptional entrepreneurs and management teams to grow their businesses.

Website:
https://alterracapital.com/

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $20m Africa Food and agriculture, Manufacturing December 2024 Active

Investments made by this fund into companies:

Investment name Country Region Sector Fossil Fuel or Renewable Exposure Start date Status
Africa Travel Investments Limited Kenya, Tanzania East Africa Business and consumer services May 2025 Active
Chill Beverages South Africa Southern Africa Food and agriculture June 2025 Active
Cobra Group South Africa Southern Africa Manufacturing September 2025 Active
Nairobi Java House Limited Kenya East Africa Business and consumer services March 2025 Active
Kenya, South Africa Africa Food and agriculture, Manufacturing Active
  • Active
  • Exited

Download data (2185 rows)

Investment name Fund Country Region Sector Fossil fuel or renewable exposure Start date Status
Achwa 1 & 2 Africa Renewable Energy Fund Uganda East Africa Infrastructure Renewable October 2014 Active
Achwa HPP3/4/5 Africa Renewable Energy Fund Uganda East Africa Infrastructure Renewable September 2015 Active
ACI Motors Limited Bangladesh Managed Account C.V. Bangladesh South Asia Manufacturing September 2021 Active
ACIA Aero Leasing Ninety One Africa Credit Opportunities Fund 3A South Africa Southern Africa Business and consumer services June 2025 Active
Acko General Insurance Ltd Ascent India Fund IV India South Asia Financial services November 2019 Active
Acko Technology & Services Pvt Ltd Ventureast proactive Fund II India South Asia Technology and telecoms October 2019 Active
Acme Containers Ltd Ascent Rift Valley Fund II Kenya East Africa Manufacturing December 2022 Active
Adal Financial Techxila Fund I Pakistan South Asia Financial services December 2021 Active
Ademat SPE Capital Africa Industrialisation Fund Cote d'Ivoire West Africa Infrastructure Fossil Fuel April 2021 Active
Ademat Adenia Capital III (formerly I&P Capital III) Cote d'Ivoire West Africa Infrastructure Fossil Fuel July 2016 Exited
Adesha Limited Solon Capital Holdings Sierra Leone West Africa Financial services June 2018 Active
Adret Retail Pvt 3one4 Capital - Fund III India South Asia Business and consumer services March 2021 Active
ADVA – First Systems for Integrated Applications Sawari Ventures North Africa Fund I Cooperatief U.A. Egypt North Africa Technology and telecoms April 2022 Exited
Advans Cote d’Ivoire Regional Education Finance Fund for Africa Cote d'Ivoire West Africa Financial services September 2017 Exited
Advans DRC Regional Education Finance Fund for Africa Democratic Republic of Congo Central Africa Financial services October 2025 Active
Advans Holding Regional Education Finance Fund for Africa Nigeria West Africa Financial services December 2023 Exited
Advans Nigeria COVID-19 Emerging and Frontier Market MSME Support Fund Nigeria West Africa Financial services September 2025 Active
Advans Nigeria Regional Education Finance Fund for Africa Nigeria West Africa Financial services September 2022 Active
Aequs Ltd. Amicus Capital Partners Private Equity I India South Asia Manufacturing March 2023 Active
Aerem Solutions Private Limited Blume Ventures India Fund IV India South Asia Financial services Renewable March 2022 Active

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