PROJECT

Projects

Summary of Investment Information

Project Number

43699

Company Name

SAVANNAH TECHNOLOGY FUND II, LP

Date SPI Disclosed

Apr 15, 2024

Country

Kenya

Region

Africa

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Sep 12, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 4, 2017
Signed : Mar 2, 2021
Invested : Apr 14, 2021

Sector

Venture Capital Fund

Additional Project Attributes

Blended Finance

Project Description

IFC is considering an investment of up to US$ 3 million in Savannah Fund II (“The Fund”), a venture capital fund that is raising up to US$ 25 million to invest in early stage technology companies in Eastern and Southern Africa.

 

The Fund will be managed by Mbwana Alliy and Paul Bragiel who have over 25 years’ combined experience investing in frontier markets, having started their first fund in 2012.

Associated Advisory Engagement

There are no Advisory Services engagements associated with this Project.                                                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation