BPIFrance and Africinvest Announce Launch of French African Fund

BPIFrance and Africinvest Announce Launch of French African Fund
January 20, 2017 234Finance

Bpifrance and AfricInvest are pleased to announce the launch of the French African Fund (“FFA”), the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France. The fund will be managed by AfricInvest. A pool of diverse investors have subscribed to the fund including Bpifrance, two French private-sector groups—Société Générale and Orange, and Proparco (the AFD group).

In addition, more than 25% of the fund’s subscription comes from African investors, including the Caisse Nationale de Prévoyance Sociale de Côte d’Ivoire (CNPS); the Moroccan insurance company Saham; the Moroccan industrial and financial group Financecom; the Central Bank of Kenya Pension Fund; private investors from Kenya and Nigeria, as well as AfricInvest itself.

Source: AfricInvest 

Author: 234Finance

234Finance is an online hub that promotes African Entrepreneurship. We feature small and medium sized businesses on the platform, shedding light on the current and future developments in diverse sectors across Africa. We also provide free resources, share opportunities and events on our platform that entrepreneurs can benefit from and thrive in Africa’s tough business landscape.

Missing something? Let us know