AfricInvest Small Cap Fund LLC
Status: Approved investmentWhy disclosure?
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Disclaimer
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?
AfricInvest was founded in 1994 and is one of the most experienced private equity investors on the African continent. To date, AfricInvest has financed more than 220 companies across 38 African countries and has raised USD 2.3 bln across 22 funds. The firm now aims to raise EUR 150 mln for the AfricInvest Small Cap Fund.
What is our funding objective?
AfricInvest aims to make growth-capital investments in African small- and medium-sized enterprises (SMEs), preparing them for future expansion and increasing their financial resilience/sustainability across the continent. By investing in AfricInvest Small Cap Fund, FMO contributes to the development of the private equity market as well as broader economic growth across the African continent.
Why do we fund this investment?
This investment fits FMO’s strategy, deepening a relationship with a long-standing partner in African private equity ecosystem, and contributes further to FMO’s ambition of being a preferred partner for growth in emerging markets. 100% of FMO’s investment is labelled as Reducing Inequalities given the Fund's explicit Inclusive business focus, in particular from a Gender Smart investment perspective (notably through 2X commitment), contributing to SDG 10 and SDG 5.
What is the Environmental and Social categorization rationale?
Based on the risk profile of the pipeline companies, the E&S categorization is B. AfricInvest has shown a solid commitment towards environmental and social (E&S) risk management and has a strong E&S Management System (ESMS) in place as well as an experienced and dedicated ESG manager in its team. AfricInvest conducts rigorous ESG due diligence during its investment process, identifying opportunities to enhance E&S performance and developing E&S action plans (ESAPs) to bring portfolio companies into compliance with the IFC Performance Standards and EHS Guidelines. Post-investment, AfricInvest actively supports portfolio companies in implementing these plans and creating additional value through improved sustainability practices. FMO engages on an ongoing basis with AfricInvest on its E&S practices.
- Website customer/investment
- https://www.africinvest.com
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 5/8/2026
- Effective date
- 12/11/2024
- Total FMO financing
- EUR 10.00 MLN
- Funding
- FMO NV
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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) - B