This investment was made when British International Investment was named CDC Group.
MoneyFellows is a group lending and savings platform in Egypt, which has has digitised the concept of ‘money circles’. Its mobile-based platform has made it more scalable, safe, and efficient.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, North Africa
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
- Sawari Ventures North Africa Fund I Cooperatief U.A.
- Fund Manager:
- Sawari Ventures
- 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
- February 2020
This is the investee company’s place of incorporation; or a fund’s jurisdiction.