INFRACO AFRICA BUSINESS DEVELOPMENT LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. INFRACO AFRICA BUSINESS DEVELOPMENT LIMITED 2025-09-25 → present
2. INFRACO AFRICA LIMITED 2013-04-30 → 2025-09-25
3. INFRACO LIMITED 2004-08-04 → 2013-04-30

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company meets its day to day working capital predominantly requirements through issuing share capital. In addition to this, income is received through the sale of development projects and development costs recovered. The Directors have considered the Company's cash flow requirements for the 12 months from the date of issue of the financial statements, and they consider that the Company will continue to have sufficient funds for the foreseeable future. The Directors have made supported assumptions regarding revenues receivable from current investments, future funding, and share capital to be issued, which the Directors feel is sufficient for the financial statements to be prepared on the going concern basis.”

Group structure

1. INFRACO AFRICA BUSINESS DEVELOPMENT LIMITED · parent
   1. InfraCo Africa (East Africa) Limited 100% · Kenya · Covers the group's business development activities in East Africa.
   2. IAWA S.A.R.L.A.U 100% · Morocco · Covers the group's business development activities in West Africa.
   3. Kalangala Infrastructure Services Limited 34.21% · Uganda · Owner and operator offering ferry services, power and water generation and distribution and a toll road on the island of Bugala in Uganda.
   4. Chanyanya Infrastructure Company Limited 80% · Republic of Zambia · Pilot farming project implemented in the village community of Chanyanya in Zambia.
   5. Chiansi Irrigation Infrastructure Company Limited 99% · Republic of Zambia · The activities of the company comprise external development costs relating to the construction of capital equipment.
   6. Western Power Company Limited 54.79% · Republic of Zambia · Hydro project in Zambia.
   7. JCM Matswani Solar Corp Limited 25% · Malawi · Solar plant in the Salima region of Malawi.
   8. Djermaya Holdings Limited 100% · Chad · Solar project in Chad.
   9. East Africa Marine Transport Company Limited 87.5% · Uganda · Marine transport project in Kenya, Tanzania and Uganda.
   10. Golomoti JCM Solar Corporation Limited 25% · Malawi · Solar plant in the Golomoti region of Malawi.
   11. Off Grid Power (SL) Limited 0% · Sierra Leone · Solar mini-grid project in Sierra Leone.
   12. Liberia Inland Storage and Distribution Services Inc. 70.4% · Liberia · Storage and distribution facility incorporated in and operating from Liberia.
   13. Bonergie Irrigation SASU 49% · Senegal · Hydro irrigation constructing and operating pump systems in Senegal.
   14. Kudura Power (EA) Limited 40% · Kenya · Solar plant in Kenya.
   15. Rift Valley Geothermal HoldCo Limited 67.07% · Mauritius · The Holding Company of the Corbetti Geothermal SPV in Ethiopia.
   16. Mobility for Africa 40% · Zimbabwe · Mobility for Africa provides electric tricycles (Hambas) to rural communities in Zimbabwe, with a specific focus on working with female cooperatives and smallholder groups.
   17. Equatorial Power BV 65% · Multi-country · EQ involves the development of four new mini-grids and four APHs on Idjwi Island, DRC.
   18. Vungu Solar (Private) Limtied 4% · Zimbabwe · Solar plant in Zimbabwe.
   19. Kong Solaire SAS 49% · Côte d'Ivoire · Solar plant in Côte d'Ivoire.
   20. WindGen Power USA Inc. 10.3% · USA · Renewable energy platform with the aim of deploying 120 MW of renewable power and battery energy storage across Africa.

Significant events

• “The Company achieved one financial close a US$1.5m investment in Afresco which provides 'Energy-as-a-Service' within the commerce and industry (C&I) space.”
• “In June 2024 the Company and its partners announced the signing of a Power Purchase Agreement with TANESCO, the state-owned national utility of Tanzania. The PPA signing is a significant milestone for the 4.6MW Lilondi Hydropower project which is expected to be the first of a portfolio of six run-of-river hydro plants to be developed by the partners in Tanzania.”
• “In July 2024 Kong Solaire, jointly owned by the Company and Ivorian developer Africa Via, signed a concession agreement with the Ivorian Ministry of Mines, Petroleum, and Energy, the Ivorian Ministry of Finance and Budget, and Côte d'Ivoire Energies to develop a 50 MWp solar power plant located in a northern region of Côte d'Ivoire under a Build, Own, Operate, and Transfer (BOOT) model.”
• “The Group continued to support its investment in East Africa Marine Transport - a scheduled roll-on/roll-off freight transport service across Lake Victoria - which celebrated its inauguration in early 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

4

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +127.8%

  £13,717,885 → £31,249,338

• Net assets

  +18%

  £96,367,505 → £113,689,422

• Employees

  +5.7%

  53 → 56

• Operating profit

  +4.2%

  -£17,823,835 → -£17,073,909

• Profit before tax

  -37.8%

  -£11,515,916 → -£15,866,296

• Wages

  +10%

  £5,418,994 → £5,958,748

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers