African Rivers Fund III seeks US$75m for investments in Central and east Africa

AFRICA – XSML Capital managed fund, Africa Rivers Fund III has announced that it is targeting to raise US$75 million to construct a portfolio of small business investments diversified across Central and Eastern Africa. The fund also noted that the International Finance Corporation (IFC) was considering a US$15 million investment in its expansion operations. African Rivers Fund III investments objective is to provide long term finance to SMEs in the form of cash generating instruments such as straight debt, debt with revenue share and debt with equity. Acccording to XSML,…

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