Project detail - IAFPEF JJ LIMITED


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

J&J Africa Group is a leading transportation and logistics company headquartered in Beira, Mozambique, servicing exports to and imports from Mozambique, Zambia, Zimbabwe, Malawi and the DRC. Through its extensive truck fleet as well as warehouses and terminal storage facilities in Beira, the company plays a key role in linking African producers and consumers with global markets.

What is our funding objective?

As part of a consortium led by the Carlyle Sub-Saharan Africa Fund and including the Investec Africa Frontier Private Equity Fund (also an FMO client), FMO's funding will be used to acquire a significant stake in the company. The investment will see the consortium members partner with J&J Africa's founder-management to help enable the company's growth and development. By building on J&J Africa's current service, as well as adding new offerings, the company will better serve current and future customers in the region. Enhancements to the company's management of environmental, social and governance matters will add to the attractiveness of the business to a regional or international strategic acquirer in the future.

Why do we fund this investment?

The investment creates significant development impact by addressing one of the key bottlenecks to economic growth in Africa: transportation and logistics. This investment will support improved access to basic goods and services, particularly along the agricultural value chain, as well as foster job creation and tax revenue generation. FMO is playing a role in the development of an environmental and social management system to help the company to achieve best practices.

Infrastructure, Manufacturing and Services
Effective date
Total FMO financing
USD 11.50 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)