Our Shareholders

Advans SA

Advans SA SICAR is a Venture Capital Investment Company created in August 2005 by Advans International (formerly Horus Development Finance), together with several development finance institutions EIB, FMO, IFC, FISEA (AFD group), KfW and CDC. Advans SA is incorporated in Luxembourg with its operating headquarters at Advans International in Paris. Advans vision is to build a model group of financial institutions which contribute to strengthening local businesses, creating and sustaining jobs and improving clients’ living standards in order to foster private sector-led economic and social development in Africa, the Middle-East and Asia.

Netherlands Development Finance Company (FMO)

FMO (the Netherlands Development Finance Company) is the Dutch development bank. For 45 years, FMO has been investing in the private sector in developing countries. We believe in a world in 2050 where nine billion people can live well and within the boundaries of the planet. In pursuit of this vision, our mission is to empower entrepreneurs to build a better world. We specialize in sectors where we believe our contribution can have the highest long-term impact: financial institutions, energy and agribusiness. Alongside partners, we invest in the infrastructure, manufacturing and services sectors. With an investment portfolio of EUR 8 billion, FMO is one of the largest bilateral private sector development banks. 

International Finance Corporation (IFC)

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)

KfW is one of the world’s leading promotional banks. With its decades of experience, KfW is committed to improving economic, social and ecological living conditions all around the world on behalf of the Federal Republic of Germany and the federal states. To do this, it supplied funds totalling EUR 74.1 billion in 2014 alone. The focal points of its work include: Promotion of small and medium-sized companies and start-ups, provision of equity capital, programmes for energy-efficient refurbishment of residential buildings, support of measures to protect the environment, educational finance for retail customers, funding programmes for municipalities and regional development banks, export and project finance and the promotion of developing and emerging market countries. In Germany, KfW Group is represented by locations in Frankfurt, Berlin, Bonn and Cologne. Its network includes about 80 offices and representations around the world.