Proparco invested USD 10 million in AfricInvest's Small Cap fund to support SMEs in the education, health, and agribusiness sectors across Africa.
Target Information
The target of this investment is AfricInvest's Small Cap fund, which is specifically designed to provide financial support to small and medium-sized enterprises (SMEs) operating within key sectors such as education, health, and agribusiness throughout Africa. This fund aims to enhance the growth potential of these SMEs, fostering job creation and economic development across the continent.
Industry Overview
Africa's SME landscape is increasingly recognized as a vital driver of economic activity. Despite facing numerous challenges, including limited access to finance and market barriers, SMEs contribute significantly to job creation and poverty alleviation. The sectors of education, health, and agribusiness are particularly crucial as they directly impact the quality of life and economic stability in local communities.
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The education sector in Africa has seen considerable investment opportunities, driven by a growing demand for quality education and vocational trai
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Disclosed details
Transaction Size: $10M