IFC proposes $15m commitment

The World Bank Group's member organisation backs a fund to support the manufacturing, services and agricultural industries in Central Africa.

Institution: International Finance Corporation
Headquarters: Washington, D.C., United States
AUM: $43.4bn
Bitesize: $10m-$50m

International Finance Corporation (IFC) has proposed a commitment of $15 million to XSML’s third growth fund, African Rivers Fund III.

The fund will employ a mixed mezzanine and equity investment approach to build a diversified portfolio of small and medium-sized enterprises in the Central and Eastern African region. FMO and Dutch Good Growth Fund are also the investors of the fund.

The multilateral organisation has also invested in other XSML funds, including Central Africa SME Fund and African Rivers Fund I.

As illustrated in the charts below, IFC has a multi-regional appetite for opportunities across Asia-Pacific, Central and Eastern Europe and the Middle East/ Africa.

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