AfricInvest has secured a $10.4 million investment from Proparco for its latest fund, aimed at boosting small and medium-sized enterprises (SMEs) across Africa. With a focus on sustainability, gender inclusion, and climate impact, the fund seeks to drive economic growth while helping businesses adopt responsible practices.
Supporting African SMEs for Sustainable Growth
The AfricInvest Small Cap fund is designed to empower SMEs in key sectors such as education, healthcare, and agribusiness. These businesses play a vital role in job creation and economic stability, particularly in North, East, and West Africa.
According to Brahim El Jai, senior partner at AfricInvest, the initiative aligns with the firm’s mission to support high-potential businesses that can drive lasting transformation. “By combining financial support with our local and multi-regional expertise, we are supporting innovation, job creation and the adoption of climate strategies in line with the Paris Agreements,” he stated.
Beyond funding, the initiative also promotes responsible business practices, encouraging companies to generate measurable economic, social, and environmental value.
Proparco’s Commitment to African Entrepreneurship
Proparco’s investment is part of its broader Choose Africa initiative, which focuses on strengthening the continent’s entrepreneurial ecosystem. The company has been a long-term partner of AfricInvest, with this latest funding further deepening their 25-year relationship.
“This fund reflects our ambition to strengthen the capacities of African entrepreneurs and to respond to economic, social and environmental challenges in a sustainable manner,” said Jérémie Ceyrac, Proparco’s investment director.
With this new round of funding, AfricInvest is set to expand its impact, helping SMEs across Africa scale their operations while maintaining sustainable and inclusive business models.
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