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Technology and Innovation in Developing Economies (TIDE) Fund


Period
2013 - 2022

Implementing agencies
TLcom Capital LLP

African partners

Names of African partners involved
African Development Bank

Donor involvement (incl. IOs)
Single donor, Multilaterals involved

Names of donors involved (incl. IOs
African Development Bank

Geographical scope
Country

Countries where active
Ethiopia, Ghana, Kenya, Nigeria, Rwanda, South Africa

Sectors

Sub Sectors (Electricity)

Type of intervention

Type of technical assistance

Gender focus
No

Climate focus
No

Type of financing
Equity

Main objectives
The Fund goals are twofold: (a) To achieve outstanding value generation by delivering commercial risk adjusted returns for investors; and (b) To contribute to the social and economic development of SSA by starting and scaling profitable and sustainable companies, and creating jobs and opportunities in the region through market driven investment in technology, innovation and entrepreneurship

Main activities
Focus is equity investments into fast growth entrepreneurs and companies leveraging technology and innovation to serve the SSA market, with the potential to scale globally and the ability to profitably serve low income customers at the Base of the economic Pyramid (BoP).

Comments

Sources
https://www.afdb.org/en/news-and-events/afdb-approves-us-10-million-equity-investment-in-tide-africa-fund-16387/

Contact information
info-ke@tlcomcapital.com

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