Proparco to launch an investment fund for African SMEs

AFRICA – Proparco, a development financial institution, has launched a Call for Expressions of Interest (CEI) for an investment fund dedicated to African SMEs. Following the process to select the manager, Proparco will support the raising of this fund, which has a target size of US$110.6m to US$166m. Damien Braud, Head of Africa and the Mediterranean PE team at Proparco, said: “Through discussions with its French and European stakeholders, a new idea came up: why not try and enable a new private equity offering in Africa by leveraging on the…

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