Project detail - AFRICINVEST LTD.


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Who is our client

Founded in 1994, AfricInvest is one of the most experienced private equity investors in Africa. AfricInvest Ltd is the first fund in the firm's pan-African fund family, with a mandate to invest across all sectors, primarily in sub-Saharan Africa.

Funding objective

AfricInvest Ltd will invest in a diversified portfolio of SMEs and mid-market companies across Africa. The portfolio composition is expected to reflect the firm's local presence in its historical markets (Algiers, Casablanca and Tunis) with a new presence in sub-Saharan Africa (Abidjan, Lagos and Nairobi), as well as its experience in supporting entrepreneurs across a range of sectors through growth capital investments.

Why we fund this project

FMO is participating in the fund's first closing in order to show its trust and support of the fund manager to go pan-African. On the back of a proven track in generating market returns in SME investments in North Africa with due attention to ESG risk management and value creation (e.g. by means of resource efficiency), FMO is now supporting the fund manager's intention to replicate its successful business model in the rest of Africa.

Website client
Infrastructure, Manufacturing and Services
Signing date
Total FMO financing
EUR 8.32 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)