African Edu Holdings (Maarifa)

In brief

Africa Edu Holdings is a tertiary education company focused on developing a Sub-Saharan African tertiary institution network. Finnfund’s investment will support the group's existing and future operations.

Main development impact

The most significant development effect of the investment is that it increases access to good quality tertiary education several African countries (e.g. Zambia, Uganda and Kenya). AEH’s focus is on improving education quality in the universities it acquires, with a special emphasis on employability of students after graduation.

Investment details

Name: African Edu Holdings (Maarifa)
Project number: 80000004
Region: Africa
Country: Africa
Sector: Other sector
Signing date (month/year): July 2019
Currency: USD
Finnfund's financing (commitment): 7,000,000
Instrument: Equity
Size of the project financing: USD 63,000,000
Share of Finnfund's financing (%): 11 %
Status: Active
Website: https://maarifaeducation.com/

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument
African Edu Holdings Africa July 2024 USD 2,000,000 Loan
July

Key facts

Name:

African Edu Holdings (Maarifa)

Sector:

Other sector

Region:

Africa

Country:

Africa

Currency:

USD

Finnfund's financing (commitment):

7,000,000

Signing date (month/year):

July 2019

Last update:

August 2019