AfricInvest secures LP funding commitment of US$30-million from the U.S. International Development Finance Corporation

AfricInvest has raised limited partner (LP) funding commitment of US$30-million from the U.S. International Development Finance Corporation. The funding will be deployed by AfricInvest in in projects will strengthen health systems, bolster food security and provide access to financial services for women, small businesses, and other underserved communities. AfricInvest, part of the Integra Group (based in Tunisia) was established in 1994 and is known as one of the most experienced private equity investors on the African continent. AfricInvest has over US$1.5-billion in funds under management across 18 funds with support from both local and international investors including leading development finance institutions in the United States and Europe.

The US Senate created the new US government agency called the U.S. International Development Finance Corporation which assists Emerging Markets with funding for their infrastructure projects. The International Development Finance Corporation has estimated funding capital of US$16-billion which is to be deployed towards providing infrastructure aid to emerging markets.

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