BusinessDaily DigestFundingNewsTechnology

AfricInvest IV Fund mobilizes $202 million

See the source image

 AfricInvest IV Fund, the fourth fund launched by Tunisia-based investment firm AfricInvest, reached a total of $202 million in mobilization. Last week, the Commonwealth Development Corporation (CDC) committed $50 million in a one-off grant, the largest to its African partner.

The second contributor to this fundraising is Finland’s development finance fund FinFund, which injected $20 million. The other donors include Proparco, which is the private arm of the French Development Agency (AFD), the International Finance Corporation, and the American development finance institution, Development Finance Corporation.

The fund, whose total resources are expected to reach $500 million, targets medium-sized African companies that are well-positioned and likely to become strong regional businesses. The fund’s managers will focus on transactions in the consumer, financial services, and education sectors.


GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

Weekend feature speaker: Joseph Edgar (Duke Of Shomolu) listen in to his interview here

Are you an entrepreneur? Share your story with us and get featured on our platform send us an email

This image has an empty alt attribute; its file name is image-20.png

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button