Refocusing on regional investors, Yeelen Financial Fund lowers its target to €65m
Run by Cauris Management, the West African investment vehicle received €12m in funding from the African Development Bank (AfDB) and has secured various capital commitments from insurance sector companies.
20/03/2020 at 17h17, by Africa Business+
“We voluntarily reduced the size of the fund. We were expecting to receive foreign direct investment, but the trend today is to invest directly in institutions without going through funds like Yeelen. Investors consider the markets to be mature,” Benjamin Kouakou, Associate Director of Cauris Management and Head of the Yeelen Financial Fund, told Jeune Afrique Business+.
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