British International Investment

Adiwale Fund I

AfricaCote d'IvoireMauritiusSenegalAfricaBusiness and consumer servicesEducationManufacturing

Adiwale Fund I is an SME fund primarily targeting investments in West Africa focusing on Cote d’Ivoire, Senegal, Burkina Faso and Mali. It is the first fund raised by Adiwale Partners and will make investments in selected industry sectors (FMCG, business services and manufacturing) with commitments of $3 million to 10 million.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $19.08m Business and consumer services, Education, Manufacturing October 2019 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Enko Education Limited Africa Africa Education May 2022 Active
Global Action Senegal West Africa Business and consumer services June 2023 Active
Independent Drilling Company Mauritius Mauritius, West Africa Africa, East Africa Manufacturing January 2022 Active
MCT Cote d'Ivoire West Africa Business and consumer services May 2021 Active
Novago Africa Africa, Cote d'Ivoire Africa, West Africa Business and consumer services January 2023 Active

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