Swiss Investment Fund
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African Development Partners III

African Development Partners Fund III will invest in larger, established pan-African businesses and support them in improving their processes, as well as support their regional expansion. The emerging middle class in Africa has been driving economic growth as the demand for consumer goods and services is growing faster than the economy as a whole. The Fund will benefit from this growth by focusing on sectors that target the African middle-class, such as food and agri-processing, healthcare, wholesale and retail, light manufacturing, telecommunications, banking and insurance, utilities and transport.

African Development Partners III

African Development Partners Fund III will invest in larger, established pan-African businesses and support them in improving their processes, as well as support their regional expansion. The emerging middle class in Africa has been driving economic growth as the demand for consumer goods and services is growing faster than the economy as a whole. The Fund will benefit from this growth by focusing on sectors that target the African middle-class, such as food and agri-processing, healthcare, wholesale and retail, light manufacturing, telecommunications, banking and insurance, utilities and transport.

About the fund

While large-cap companies are important drivers of economic growth, Africa lags other regions in its number of large companies. No African companies are featured in the Fortune 500, which ranks firms by revenue and there are significantly fewer large cap companies in Africa than in other emerging market peer regions. The Fund will address this issue by providing capital to leading African upper mid-market companies, ensuring their continued growth. By investing in larger businesses, the Fund will also support considerable job creation on a pan-African scale. Additionally, DPI, the Manager, is unique in the African PE space as the only women-led PE Manager operating in the African upper mid-market and of one of the few women-led PE managers across the entire African market. The Fund will make an important contribution to women’s economic empowerment, as well as contribute to local tax revenues.

Investments by the fund

             
Date Name Country Industry Status
2019 Company 1 Nigeria Other financial services Active
2022 Company 2 Ivory Coast Other financial services Active
2022 Company 3 Egypt Wholesale and retail sale Active
2020 Company 4 Egypt Pharmaceuticals and biotech Active
2021 Company 5 Egypt Other financial services Active
2020 Company 6 Tunisia Food products and beverages Active
2022 Company 7 South Africa Banking Active
Reference code
2019-02
Status
Active
Date of commmitment
June 2019
Date of exit
-
Fund size
USD
800,000,000
SIFEM commitment
USD
15,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Development Partners International