British International Investment

Neoma Africa Fund III

GhanaKenyaNigeriaSouth AfricaAfricaBusiness and consumer servicesFinancial servicesHealthManufacturingTechnology and telecoms

The Neoma Africa Fund III focuses on well-managed, mid-market leaders in sectors set to benefit from demand driven by the rapid expansion of a young, urban, middle class across sub-Saharan Africa.

These sectors include consumer goods and services, consumer finance, and resource and infrastructure services in the core geographies of Nigeria, Ghana, Cote d’Ivoire, South Africa and Kenya.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $50m Business and consumer services, Financial services, Health, Manufacturing, Technology and telecoms June 2015 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Ghana Home Loans Ghana West Africa Financial services December 2016 Exited
Indorama Eleme Fertilizer & Chemicals Limited Nigeria West Africa Manufacturing October 2016 Exited
Joint Medical Holdings (Pty) Limited South Africa Southern Africa Health January 2018 Exited
Libstar South Africa Southern Africa Business and consumer services May 2015 Active
Mouka Limited Nigeria West Africa Manufacturing June 2015 Exited
Nairobi Java House Limited Kenya East Africa Business and consumer services September 2017 Active
Octotel (Pty) Ltd South Africa Southern Africa Technology and telecoms December 2020 Exited

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