Private Equity Fund AfricInvest Secures USD 75 Mn Credit Facility

Standard Bank, one of Africa’s biggest lenders by assets, has provided a fund subscription credit facility of USD 75 Mn for AfricInvest’s largest and most recent private equity fund to finance investments in accordance with its investment strategy.

AfricInvest focuses on all sectors, including construction and manufacturing, consumer and retail, financial services, agribusiness, telecommunications and technology, pharmaceuticals, logistics and transportation, healthcare, and education. AfricInvest targets growth-capital investments in small and medium-sized enterprises that are well-positioned in their local markets with the potential to scale up their activities beyond their own country’s borders.