SIFEM has committed USD 15 million as part of the first close of Africa Credit Opportunities Fund 3, managed by Ninety One, and aims to raise a total of USD 500 million. The Fund is designed to promote sustainable growth and economic resilience by making private credit investments into companies in Africa and other Emerging Markets. SIFEM will therefore play a key role as an anchor investor in providing capital to high-growth companies across Africa.

Several strategic partners have joined SIFEM in the first close of Africa Credit Opportunities Fund 3. These partners include the International Finance Corporation (IFC) and British International Investment (BII) as anchor investors, along with Standard Bank of South Africa as the credit provider.

Anthony Mwangi Njoroge, Principal and Co-Head Africa Fund of Funds at responsAbility, SIFEM’s portfolio manager, commented: “This investment underscores SIFEM’s strong commitment to promoting sustainable development in Africa. By providing essential capital to medium-sized enterprises, we contribute to strengthening economic resilience, creating quality jobs, and supporting businesses that advance both social progress and environmental sustainability. SIFEM and its portfolio manager responsAbility are working together to ensure our investments have a lasting, positive impact on Africa’s emerging markets.”