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AfricInvest Fund III

AfricInvest Fund III is a Sub-Sahara Africa-focused private equity fund, with a target size of EUR 200m. The Fund will invest in well-established SMEs that demonstrate the potential to scale-up their activities on a regional level. In addition to generating risk-adjusted returns for its investors, the Fund will create sustainable employment opportunities for thousands of Africans, contribute to regional economic integration and increase tax revenues for local governments. The Fund with have a special focus on serving the Western and Eastern African countries of Cote d’Ivoire, Senegal, Ghana, Nigeria, Kenya, Uganda and Tanzania.

AfricInvest Fund III

AfricInvest Fund III is a Sub-Sahara Africa-focused private equity fund, with a target size of EUR 200m. The Fund will invest in well-established SMEs that demonstrate the potential to scale-up their activities on a regional level. In addition to generating risk-adjusted returns for its investors, the Fund will create sustainable employment opportunities for thousands of Africans, contribute to regional economic integration and increase tax revenues for local governments. The Fund with have a special focus on serving the Western and Eastern African countries of Cote d’Ivoire, Senegal, Ghana, Nigeria, Kenya, Uganda and Tanzania.

About the fund

The Fund will invest in a broad range of sectors with a strong focus on manufacturing for export and companies aiming to expand at the regional or continental level. In addition, the Fund will work towards promoting environmental, social and governance best practices in its portfolio companies. Targeted investments will include sectors, such as IT and telecoms, services, health, education, transport and agribusiness.

The Fund is managed by the AfricInvest Group, which was founded in 1994 and currently manages 13 private equity funds across North and Sub-Sahara Africa. The Manager has offices in Tunis, Casablanca, Algiers, Lagos, Abidjan and Nairobi.

Investments by the fund

             
Date Name Country Industry Status
2016 Company 1 Ivory Coast Hotels, restaurants and catering Active
2018 Company 2 Kenya Other financial services Active
2018 Company 3 Egypt Chemicals and chemical products Active
2015 Company 4 Nigeria Wholesale and retail sale Active
2016 Company 5 Ghana Education Active
2018 Company 6 Kenya Other consumer services Active
2018 Company 7 Ivory Coast Transportation and storage Active
2015 Company 8 Tunisia Technology hardware and equipment Active
2018 Company 9 Kenya Banking Active
2015 Company 10 Portugal Automobiles and parts Active
2016 Company 11 Kenya Rubber and plastic products Active
Reference code
2014-04
Status
Active
Date of commmitment
September 2014
Date of exit
-
Fund size
EUR
200,000,000
SIFEM commitment
EUR
7,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
AfricaInvest Group