British International Investment

Ninety One Africa Credit Opportunities Fund (Investec)

AfricaBotswanaEthiopiaGhanaKenyaMauritiusMozambiqueNamibiaNigeriaRwandaSouth AfricaTanzaniaZambiaZimbabweAfricaWest AfricaBusiness and consumer servicesConstruction and real estateFinancial servicesFood and agricultureInfrastructureManufacturingTechnology and telecoms

The Investec Africa Credit Opportunities Fund 1 (IACO), sub-Saharan Africa’s first corporate debt fund, will provide long-term capital to businesses of different sizes and sectors across a wide range of countries in the region (excluding South Africa).

The fund aims to kick-start the development of African debt capital markets and to invest in sustainable businesses.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $30m Business and consumer services, Construction and real estate, Financial services, Food and agriculture, Infrastructure, Manufacturing, Technology and telecoms December 2012 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Afrexim Bank Trade Finance MRPA Africa Africa Financial services June 2017 Exited
Afri Flowers Holding B.V. (Afriflora)/Flamingo Horticulture Ltd (Flamingo) Ethiopia East Africa Food and agriculture March 2020 Exited
Africa Finance Corporation Tanzania East Africa Financial services December 2016 Exited
Air Rwanda Rwanda East Africa Business and consumer services December 2019 Active
Baía Mall Mozambique East Africa Construction and real estate December 2018 Active
Bayport Management Limited Mauritius East Africa Financial services September 2017 Exited
Centum Investment Limited Africa Africa Financial services September 2017 Exited
Dangote Industries Limited Nigeria West Africa Manufacturing December 2019 Exited
Eastern and Southern African Trade & Development Bank Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eswatini, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Seychelles, South Sudan, Sudan, Tanzania, Uganda, Zambia, Zimbabwe Central Africa, East Africa, North Africa, Southern Africa Financial services June 2015 Exited
Ecobank Africa, Nigeria Africa, West Africa Financial services December 2018 Exited
Equity Bank (Kenya) Ltd. Kenya East Africa Financial services December 2018 Exited
FBC Holdings Limited Zimbabwe Southern Africa Financial services December 2014 Exited
First Bank Nigeria Nigeria West Africa Financial services December 2014 Exited
FirstRand Bank Ltd. South Africa Southern Africa Financial services December 2018 Exited
Ghana Home Loans Ghana West Africa Financial services December 2019 Exited
Globeleq Africa Holdings Africa Africa Infrastructure December 2014 Exited
Grain Bulk Handlers Ltd Kenya East Africa Infrastructure March 2020 Exited
Gruppo Limited (Ikeja Mall) Nigeria West Africa Construction and real estate December 2014 Exited
GTB Nigeria West Africa Financial services December 2014 Exited
Helios Investors III Africa Africa Financial services December 2019 Exited
Helios Towers Nigeria Ltd Nigeria West Africa Technology and telecoms December 2014 Exited
Helios Towers PLC Ghana West Africa Technology and telecoms June 2020 Exited
IHS Nigeria Nigeria West Africa Technology and telecoms December 2014 Exited
IHS Zambia Ltd Zambia Southern Africa Technology and telecoms December 2014 Exited
Intrepid Aviation Namibia Southern Africa Business and consumer services December 2014 Exited
Karadeniz Powerships Ghana West Africa Infrastructure March 2016 Exited
Kosmos Energy Ghana West Africa Infrastructure December 2014 Exited
Letshego Holdings Botswana Southern Africa Financial services June 2015 Exited
Liquid Telecommunications Holding Limited Kenya, Mauritius, Rwanda, South Africa, United Kingdom, Zambia, Zimbabwe East Africa, Southern Africa, Western Europe Technology and telecoms December 2016 Exited
Millicom Tanzania Tanzania East Africa Technology and telecoms August 2020 Exited
Mozaza Logistics (J&J Trucking) Mozambique East Africa Business and consumer services June 2018 Active
MTN Mauritius Mauritius East Africa Technology and telecoms June 2016 Exited
Netis Holdings Africa Africa Technology and telecoms December 2020 Active
Persianas Limited Nigeria West Africa Construction and real estate June 2015 Active
Seacom Limited Africa Africa Technology and telecoms December 2017 Exited
United Bank for Africa Plc Nigeria West Africa Financial services December 2018 Exited
Zenith Bank Plc Nigeria West Africa Financial services March 2015 Exited

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