AFRICA – Cauris management’s Yeelen Financial Sector Fund has so far raised US$37.92 million of its US$70.4 million target. The Yeelen Financial Sector Fund is a private equity fund that will invest equity and quasi-equity in 10 to 12 small size financial institutions in the West African Economic and Monetary Union (WAEMU). The fund will invest in high growth tier 2 and tier 3 financial institutions insurance companies that develop micro and meso insurance products and fintech in the WAEMU zone. The African Development Bank recently revealed it is proposing…
Read MoreYeelen Financial Sector Fund raises US$37.92m as it seeks to meet its target
