Proparco invests US$30m in private equity fund AfricInvest

AFRICA – Proparco, a French Development Financial Institution has invested US$30 million in the first closing of the AfricInvest IV fund, alongside other development finance institutions, pension funds reputable Africans, and a reinsurance company. In the continuation of the previous funds, the AfricInvest IV fund aims to provide growth capital to medium and large capitalization companies in Africa, by focusing on consumer-oriented sectors, in particular financial services, manufacturing industry , retail and consumer goods, food, health care, education, telecommunications, logistics and distribution. The fund seeks to develop local businesses that…

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