Adiwale Partners, the private equity investor in small to medium businesses in Francophone West Africa, has raised €50 million as the first fund focusing on growth capital requirements. AfDB was one of the participating limited partners to the fund. Growth capital will be deployed to Côte d’Ivoire, Togo, Senegal, Guinea, Burkina Faso, Benin and Mali. The fund will invest an average of €5 million on high growth companies in the West African involved in transport, logistics, IT, construction, manufacturing, health and education.
Adiwale Partners Adiwale Partners is an independent private equity fund manager established in 2016 by seasoned private equity and capital markets professionals with private equity experience in Francophone West Africa, as well as over 30 fund investments. The head office is based in Abidjan, Cote d’Ivoire.