# The Fund for Export Development in Africa

> The Fund for Export Development in Africa is a VC fund in Kigali backing Logistics and Industrial. See 12 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Kigali, Rwanda
- Total investments: 12
- Last investment: Oct 2025
- Lead investor: 83%
- Last updated: Aug 2026

The Fund for Export Development in Africa is a VC fund in Kigali focused on Logistics and Industrial. The Fund for Export Development in Africa (“FEDA”) is the impact investment subsidiary of the African Export-Import Bank (“Afreximbank” or the “Bank”) set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa.FEDA pursues amulti-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain which includes financial services, technology, consumer and retail goods, manufacturing, transport & logistics, agribusiness, as well as ancillary trade enabling infrastructure such as industrial parks.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Logistics | 3 | 25% |
| Industrial | 2 | 17% |
| Service Industry | 2 | 17% |
| Telecommunications | 2 | 17% |
| Supply Chain Management | 2 | 17% |

24 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 4 | 33% |
| Private Equity | 2 | 17% |
| Series B | 1 | 8% |
| Funding Round | 1 | 8% |
| Debt Financing | 1 | 8% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Mauritius | 2 | 17% |
| Benin | 1 | 8% |
| Nigeria | 1 | 8% |
| Mauritania | 1 | 8% |
| United Kingdom | 1 | 8% |

6 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Cassava Technologies | Cassava Technologies is an information technology company. |  | Venture - Series Unknown | Oct 23, 2025 |  |
| Spironet | SpiroNet is an electric motorcycle and scooter company that is revolutionizing the two-wheelers sector in Africa. They offer custom-made ebike solutions that support the specific needs of each country, and they are committed to making better choices than conventional mobility and encouraging mass adoption of electric vehicles. | $100M | Venture - Series Unknown | Oct 21, 2025 |  |
| ARISE IIP | ARISE IIP is contributing to the continent’s industrialization agenda and enhancing manufacturing competitiveness. It is an integrated industrial platform that provides ecosystems. For inquiries, email, telephone numbers, and addresses are available on their websites. | $700M | Private Equity | Sep 10, 2025 |  |
| ARISE IIP | ARISE IIP is contributing to the continent’s industrialization agenda and enhancing manufacturing competitiveness. It is an integrated industrial platform that provides ecosystems. For inquiries, email, telephone numbers, and addresses are available on their websites. | $443M | Private Equity | Oct 02, 2024 |  |
| Telecel Global Services | Telecel Global Services is a telecommunication company based in London. | $20M | Debt Financing | Feb 07, 2024 |  |
| ARISE IIP | ARISE IIP is contributing to the continent’s industrialization agenda and enhancing manufacturing competitiveness. It is an integrated industrial platform that provides ecosystems. For inquiries, email, telephone numbers, and addresses are available on their websites. |  | Convertible Note | Nov 16, 2022 |  |
| TND SA | TND SA is a fast-moving consumer goods (FMCG) company, largest homegrown importer and distributor of goods and consumer products in Mauritania. TND's operations include wholesale and retail of food imports as well as various logistics services. |  | Private Equity | Feb 07, 2022 |  |
| EcowGas | EcowGas is a trade-enabling infrastructure logistics network platform for the supply of gas to unserved markets across West Africa through loading units, vessels, storage, and regasification units. The company is positioned to develop infrastructure that will provide access to cheaper and cleaner fuels across the region using LNG. Ecow-Gas'sgoal is to develop infrastructure that will provide access to cleaner and cheaper fuels across the region using Liquefied Natural Gas (LNG). |  | Venture - Series Unknown | Feb 03, 2022 |  |
| Kobo360 | Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners, and drivers, and cargo recipients to achieve an efficient supply chain framework. Through an all-in-one robust logistics ecosystem, Kobo uses big data and technology to reduce logistics frictions, empowering ruralfarmers to earn more by reducing farm wastages and helping manufacturers of all sizes to find new markets. Kobo enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time and in full. The Kobo mission is to build the Global Logistics Operating System that will power trade and commerce across Africa and Emerging Markets. The company is also preparing to enter the agro-trading space by creating a marketplace that links farmers with buyers all over the world. The marketplace will effectively eliminate the high cost of middlemen for smallholder farmers and significantly improve profits.Ife Oyedele ll and Obi Ozor founded it in 2017 and is headquartered in Lagos, Nigeria. | $48M | Series B | Dec 21, 2021 |  |
| Liquid Intelligent Technologies | Liquid Intelligent Technologies is an independent data, voice, and IP provider that is committed to building Africa’s digital future. |  | Venture - Series Unknown | Sep 06, 2021 |  |

10 of 12 investments shown.

## Co-investors
- [Africa Finance Corporation](https://shizune.co/investors/profile/africa-finance-corporation) — VC Fund, 2 deals together
- [International Finance Corporation](https://shizune.co/investors/profile/international-finance-corporation) — VC Fund, 2 deals together
- [Vision Invest](https://shizune.co/investors/profile/vision-invest) — VC Fund, 2 deals together
- [African Export-Import Bank](https://shizune.co/investors/profile/african-export-import-bank) — VC Fund, 1 deal together
- [British International Investment](https://shizune.co/investors/profile/cdc-group) — VC Fund, 1 deal together
- Econet Global — VC Fund, 1 deal together

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## FAQ

### What does The Fund for Export Development in Africa invest in?

The Fund for Export Development in Africa invests primarily in Logistics, Industrial and Service Industry startups, most often at Venture - Series Unknown and Private Equity stage. Most of the 12 investments tracked by Shizune back companies in Mauritius. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did The Fund for Export Development in Africa last invest?

The most recent investment recorded for The Fund for Export Development in Africa closed in Oct 2025. Shizune tracks 12 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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