In particular, we focus on business models that address financial inclusion for unbanked customers, servicing of dynamic, fast-growing major businesses, affordability, accessibility, simplicity, choice and personalised services. We particularly like technology-enabled loan, credit and savings models, commercial and retail banking, insurance, capital markets and asset management. We prioritize opportunities which demonstrate product innovation, improved penetration, channel efficiency and expansion along the financial services value chain.

Resources are not Africa’s only driver of growth. Underlying it, are Africa’s 1 billion+ plus consumers. We like business models that are focused on critically important consuming-facing businesses – including fast-moving consumer goods (FMCG), Consumer Durables, Light Manufacturing, Agribusiness, Retail, Healthcare and Education among others – opportunities that service critical and increasing consumer demand, and where businesses are at a growth inflection point.

We pursue joint venture and expansion opportunities with companies seeking to enter new markets in Africa through partnerships with local investors.

Technology and tech-enabled business models are shaping customer expectations and reshaping competition in nearly every industry sector. We especially like software, data and technology-enabled solutions which solve major problems inherent in our West African markets. Particular sectors which are ripe for technological disruption include Financial Services (Fintech), Retail/e-Commerce, Media/Entertainment, Healthcare, Education and Energy Services among others. We look for businesses developing homegrown technology solutions, or for those seeking to leverage and customize international solutions for our markets’ needs.

​We seek to invest in proven platforms, with scalable revenue growth opportunities, which have the potential to be transformed with the help of our capital, operational support and strategic guidance.