Our Shareholders

Advans Invest

Learn more

Advans Invest was incorporated in Luxembourg in 2016. Its shareholders are the former shareholders of Advans International (formerly Horus Development Finance). Advans Invest will become the staff investment vehicle for Advans International staff, in charge of implementing the employee share ownership plan, aiming to align staff, management and shareholder interests.

European Investment Bank (EIB)


Learn more

The European Investment Bank (EIB), created by the Treaty of Rome in 1958, is the European Union’s long-term financing institution. The EIB contributes towards the integration, balanced development and economic and social cohesion of the Member Countries. Outside the Union, the EIB implements the financial components of agreements concluded under European development aid and cooperation policies. The EIB has a longstanding record in microfinance. Since 2000, it has supported MFIs, fund providers and other industry stakeholders in addressing specific market failures and promoting financing solutions for MSMEs and low-income self-employed business people.

As of December 2013, the EIB had about EUR 530 million in active commitments to about 45 microfinance institutions or intermediaries. Operations are financed from the EIB’s own resources or under the European Union’s mandates. The EIB’s microfinance activities are deployed in three regions: Sub-Saharan African, Caribbean and Pacific countries (ACP region), Mediterranean partner countries, and Europe.

CDC Group plc. (CDC)


Learn more

CDC was established in 1948 as the first ever Development Finance Institution (DFI). Wholly-owned by the UK Government, CDC is part of DFID's private-sector strategy to alleviate poverty. Its mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people's lives in some of the world's poorest places.

CDC aims to invest in countries where the private sector is weak and jobs are scarce, and in sectors where growth leads to jobs - directly and indirectly - especially manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. Capital is provided by CDC in all its forms, including equity, debt, mezzanine and guarantees, and this capital is typically used to fund growth. CDC invests directly and through fund managers that are aligned with its aims.

Netherlands Development Finance Company (FMO)



Learn more

The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO is a public-private bank founded by the Dutch government and business community in 1970. The Dutch State holds 51% of its shares while large Dutch banks retain 42%. The remaining 7% is held by employers’ associations, trade unions and some 100 Dutch companies and individual investors. FMO supports sustainable private-sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 6.6 billion, FMO is one of the largest private-sector development banks.

International Finance Corporation (IFC)


Learn more

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in more than 100 countries, it uses its capital, expertise, and influence to help eliminate extreme poverty and promote shared prosperity. In 2013, its investments climbed to an all-time high of nearly USD 25 billion, leveraging the power of the private sector to create jobs and tackle the world’s most pressing development challenges.

KfW Development Bank (KfW)


Learn more

KfW is one of the world's leading and most experienced promotional banks. As an integral part of the KfW group, KfW Development Bank carries out Germany's Financial Cooperation with developing and emerging countries on behalf of the Federal Government. The 600 staff at its head office in Germany and about 200 specialists in almost 70 local offices cooperate with partners all over the world. Its goal is to combat poverty, secure peace, protect the environment and the climate and make globalisation fair.



Learn more

The Investment and Support Fund for Businesses in Africa (FISEA) was established in 2009. With a five-year investment target of EUR 250m, the fund is one of the key components of France’s initiative to promote growth and jobs in Africa. Owned by the AFD and managed by PROPARCO, it makes equity investments in businesses, banks, microfinance institutions and investment funds operating in Sub-Saharan Africa. FISEA targets regions that are more unstable or emerging from crisis situations, as well as sectors traditionally bypassed by investors, such as agriculture, microfinance and healthcare.