British International Investment

Ascent Rift Valley Fund I

EthiopiaKenyaUgandaAfricaBusiness and consumer servicesHealthManufacturingTechnology and telecoms

Ascent Rift Valley Fund I is the firm’s maiden fund. The fund aims to provide growth capital to small and medium-sized enterprises in Ethiopia, Uganda and Kenya.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $15m Business and consumer services, Health, Manufacturing, Technology and telecoms September 2015 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
African Queen Uganda Holdings Ltd Uganda East Africa Business and consumer services December 2015 Active
Allcent Global Corporation Ethiopia East Africa Manufacturing March 2017 Active
Auto Springs Mauritius Ltd Kenya East Africa Manufacturing March 2018 Active
Chims Africa Ltd Uganda East Africa Technology and telecoms August 2015 Exited
Kisumu Concrete Products Kenya East Africa Manufacturing February 2017 Active
Medpharm Holdings Africa Ltd Ethiopia East Africa Health February 2015 Exited
Metroplast Mu Ltd Kenya East Africa Manufacturing October 2019 Active
Pharmcent Limited (Guardian Healthcare Limited) Uganda East Africa Health May 2017 Exited
Unicent Limited (Universal Plastics Factory Plc) Ethiopia East Africa Manufacturing May 2017 Active

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