Description
The African Development Bank (AfDB) Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries that are the institution’s Regional Member Countries (RMCs). As the premier development finance institution on the continent, the AfDB’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development.
Capital Provider Overview
Region/Countries of focus
Kenya, Uganda, Ghana and Nigeria
Sector & Ag. value chains focus
Acumen prioritizes investments in four sectors: agriculture, clean energy, education, and healthcare, and innovations that help low-income consumers access these products and services
Investment criteria
Acumen makes early-stage investments that enable social enterprises that are post seed/MVP stage to bring products and services to market, and begin to scale. Acumen invests philanthropic or patient capital
Names of select current/previous portfolio companies in the ag. space
DAL Group in Sudan and Ghana Cocoa Board
Type of instruments
Equity, convertibles
Ticket size range
USD 250K – USD 1M
Preferred currency of investment
USD