BPIFrance and Africinvest Announce Launch of French African Fund

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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.com is an online platform that promotes African entrepreneurship. We achieve this by bridging the gap between investors and early stage startups in Africa’s emerging market.
234Finance.com is strategic for promoting entrepreneurship through the power and effective use of information.

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234Finance
234Finance.com is an online platform that promotes African entrepreneurship. We achieve this by bridging the gap between investors and early stage startups in Africa’s emerging market. 234Finance.com is strategic for promoting entrepreneurship through the power and effective use of information.

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