TLcom Capital LLP (FMO-64329)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 1, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
TLcom Capital LLP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.03 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Mar 18, 2025

Disclosed by Bank Dec 19, 2024

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, FMO supports TLcom Capital LLP in organizing the TLcom Africa Tech Female Founder Summit, a one-day in-person event providing female founders across Africa with mentorship, leadership development, and networking opportunities. The overall objective is to help women-led tech startups in Africa strengthen their capacity to scale & succeed in their markets

This project leverages the convening power of TLcom Capital LLP by bringing together a diverse group of entrepreneurs, investors, and stakeholders, which aligns with the objectives of community engagement in the EC TA agreement. The summit, expected to receive 136 female founder participants, provides a collaborative platform that fosters knowledge sharing, best practices, and professional connections. The Africa Tech Female Founder Summit will create a platform for female entrepreneurs to connect with investors, mentors, and industry peers, addressing these gaps and supporting the development of female-led tech companies.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Funding: FMO NV

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

TLcom Capital LLP is a venture capital firm focusing on sector-agnostic tech-enabled businesses across Africa from Seed a€“ Series B. TLcom Capital LLP is the TIDE Africa Fund II fund manager. While the fund has a broad Pan-African mandate, it emphasizes investments in Nigeria and Kenya, with plans to expand into Egypt and South Africa. TLcom Capital is committed to fostering entrepreneurship and economic development in the region, notably through initiatives like the Africa Tech Female Founder Summit, which supports female entrepreneurs by providing access to mentorship, leadership development, and funding opportunities.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - TLCOM CAPITAL LLP Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Website customer/investment: https://tlcomcapital.com/

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works