AfricInvest targets €80 million in June 2022 for 2nd Franco-African fund
Compared to the Franco-African Fund 1, the equity investments are the same and range from €2 million to €6 million.
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▪ AfricInvest targets €80 million in June 2022 for 2nd Franco-African fund
▪ Compared to the Franco-African Fund 1, the equity investments are the same and range from €2 million to €6 million.
▪ https://www.africabusinessplus.com/en/809854/africinvest-targets-e80-million-in-june-2022-for-2nd-franco-african-fund/
The new financing vehicle of AfricInvest Europe in SMEs investing on the continent will be about twice as big as the Franco-African Fund 1. The latter had raised a total of €77 million, but only half of this amount, or €38.5 million, was dedicated to the strategy of investing in French SMEs with a link to Africa (the remaining 50% was invested directly in Africa).
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