Dutch development bank FMO invest US$25m in African Development Partners III

AFRICA – FMO has invested US$25m in Development Partners International’s African Development Partners III, a pan-African fund targeting established and growing consumer-focused companies.  “The investment fits FMO’s strategy, deepening a relationship with an existing partner in African private equity investing and contributes further to FMO’s ambition of being a preferred partner for growth in emerging markets,” FMO said.  The Dutch development bank previously invested in DPI’s first fund, African Development Partners I. DPI is now raising its third fund: African Development Partners III (ADP III).  Established in 2007, Development Partners…

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Swedfund invests invested US$15m in African Development Partners III

AFRICA – Sweden’s development financial institution, Swedfund has invested US$15 million in the African Development Partners III fund. With this investment, Swedfund sees an opportunity to continue to contribute to the sustainable development and growth of more companies in Africa.  With one of Africa’s most experienced investment teams, the Fund Manager Development Partners International has since 2008 successfully invested in many African companies and created significant social development through, among other things, new jobs and tax revenue.  The Fund exercises active ownership with a clear focus on ESG issues such…

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