At Gemcorp, we strive to make a positive and lasting impact on the communities we invest in. We support businesses and organisations that are driven by a desire to achieve excellence and share our commitment to positively impact those most in need within the emerging markets.

Food Security and Access to Medicine

Through nearly US$1 billion in innovative sovereign trade financing, we have delivered over 976,000 tons of basic foods and non-edible goods, as well as over 948 million units of essential medical supplies and pharmaceuticals to approved local importers in Angola.

In order to ensure the quality and proper handling of pharmaceutical goods delivered to Angola, we have established a pharmaceutical warehousing complex close to Luanda, helping to close a critical infrastructure gap in the healthcare supply chain.

Green Shoots for Growth

With a US$122 million government-backed financial plan that we helped organise, a flagship 5,000-hectare farming project was launched in Quizenga, Angola. Initial crops are already producing, and the project will be fully operational in 2021, creating 1,200 new jobs for the local community.

Enabling Connections to Opportunity

From core telecoms and rural broadband to financial access for the unbanked, we have provided over US$275 million in flexible financing to unique technology and telecoms companies like JUMO, Africell and Net 1. Ultimately this is driving growth in digital services throughout the emerging markets and allowing communities access to education and new economic choices.

Founded in 2015, JUMO is unlocking access to financial services for over 5 million customers with household income of less than $2 a day. To date, 1/3 of JUMO’s customers are women, underpinned by gender-blind credit scoring.

This innovative telecommunications company delivers mobile voice and data to over 11 million subscribers across four countries in Africa.

Net 1
With a focus on underserved rural regions of Indonesia, Net1 aims to deliver broadband connectivity to over 300,000 households over the next five years.

Empowering Science and Entrepreneurship

Through our financial assistance, we are helping local entrepreneurs and scientists apply ground-breaking technology to solve fundamental global issues such as financial inclusion and clean energy.

Energy-focused nano technology company, OCSiAl, has pioneered the production of super material, single-wall carbon nano tube. The product has the potential to impact 70% of the $3 trillion global materials market, increasing energy efficiency, durability and reduction in weight across energy, tires, coatings and plastic products, with direct implications for the electric vehicles and mobility sectors

Gemcorp was one of early-stage funders of the next generation commercial electric vehicles company, Arrival. With their sustainable and recyclable car components and greener manufacturing processes, Arrival is redesigning transportation from the ground up while achieving cost parity with internal combustion engine equivalents.

By harnessing the power of mobile data, JUMO is turbo charging financial inclusion across Sub-Saharan Africa, where 67% of adults remain unbanked. JUMO’s prediction engine taps billions of mobile usage data points to score and price loans at a tenth of the cost of traditional channels. Over 16 million users have accessed affordable credit over the JUMO platform, over 60% of whom had never used financial services before.

Fuelling New Horizons

West Africa exports 4.5 million barrels of crude oil per day, but due to a lack of refining infrastructure, it still reliant on imports for the lion’s share of its fuel consumption needs. Eliminating this inefficiency from Africa’s energy supply chain is vital for the continent’s energy security and will underpin sustainable growth, industrialisation and diversification.

We are developing and funding flagship refinery projects in Angola and Liberia, applying modern, cost-effective modular technology. Our Caldera Energy project in Liberia stands to replace US$125 million of imported energy products annually while also creating over 50 local job opportunities.

Our Philanthropic Focus

Gemcorp is proud to be an underwriter of EMpower — the Emerging Markets Foundation. Founded in 2000 by a group of EM finance professionals, it is supported by the emerging markets communities in London, New York and Hong Kong. With its focus on education, health, well-being and livelihoods, EMpower partners with community-based charities in emerging markets to give at-risk youth opportunities to create a better future.

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