This investment was made when British International Investment was named CDC Group.
An MTN franchise dealing in the distribution of airtime and phone accessories and is now MTN’S leading mobile money agent
Key facts
- Status:
- Exited
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
- Countries:
- Uganda
- Sector
:
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.
- Communications and IT Services
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund:
- Ascent Rift Valley Fund I
- Fund Manager:
- Ascent Capital Africa
- 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
- August 2015
- End date
:
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.
- December 2019
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Uganda
