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.

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.