Business Sectors Finance
CIEL owns 75.1% of CIEL Finance Limited, in partnership with Amethis Finance, an investment vehicle dedicated to Africa, with a total investment capacity of USD 530M.
fiduciary services and companies / funds administration
finance Bank One
CIEL, in partnership with the Kenyan banking institution I&M Bank, acquired Bank One in February 2008. Bank One provides a wide range of banking and financial products and services and caters for both domestic and international markets. It offers financial solutions at private, retail and corporate levels and currently operates 13 branches throughout Mauritius.
finance BNI Madagascar
IPRO, Investment Professionals Ltd, is a group focused on managing funds invested in Africa, India, Mauritius and Botswana. The group has been operating in Mauritius since 1992 and in Botswana since 2007.
The four main investment funds managed by IPRO are African Market Leaders, a pan-African listed equity fund, African Absolute Return, a pan-African fixed income fund, IPRO Growth Fund and Ponelopele Fund, which have the majority of their assets invested in Mauritius and Botswana respectively. IPRO cumulates significant regional investment experience and provides its clients with investment solutions in:
- Africa fund management & advisory services
- India & Mauritius fund management
- Portfolio Management to private clients
- Fund administration services
Mauritius International Trust Company Limited (MITCO), is a one-stop-shop for international tax, global estate planning, trust, fiduciary, fund administration, accounting and administration services.
MITCO which is registered with the Financial Services Commissions has a network of associates in London, Channel Islands, Isle of Man, Geneva, Luxembourg, Cyprus, Mumbai, Singapore, Hong Kong, Shanghai, Kenya and Johannesburg.
MITCO Group comprises of three professional firms namely Mauritius International Trust Company Limited, MITCO Corporate Services Ltd and MITCO Limited in the Seychelles.
finance Kibo Capital Partners
Kibo Capital Partners
Kibo Capital Partners is a private equity management company, domiciled in Mauritius and licensed by the FSC as CIS Manager. Kibo Capital Partners is a venture between CIEL Finance, the financial services arm of CIEL Limited and the firm’s management team. Kibo Capital Partners has currently two funds under management, The Kibo Fund LLC and The Kibo Fund II LLC, with assets totaling USD 100M. These funds target growth companies in Eastern and Southern Africa and the islands of the Indian Ocean.
The Kibo Fund LLC
Fund Size : EUR 29M
Launch Date : 2008
Stage : Fully invested
The cornerstone investors in the Fund are CIEL, FMO and DEG. The other investors are Swan and regional investors. The fund is fully invested and has made two exits.
The Kibo Fund II LLC
Fund Size: USD 50M
Launch Date: 2014
Stage : Investment stage
The cornerstone investors are the IFC, the AFDB and DEG. The other investors are CIEL Limited and Swan, both investors in The Kibo Fund LLC, and a number of other investors including European pension funds and family offices. The Fund has currently invested in the healthcare and logistics sector.
ProContact Ltd (PCL), incorporated in 2001, merged with ProContact Execom, a subsidiary of CIEL in 2011. ProContact aims to become one of the leading outsourcing companies in the Indian Ocean. The company is structured into several clusters: PCL Marketing, PCL Services, PCL Help Desk, PCL Etudes, PCL Back Office and PCL Finance.