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Leapfrog Investments is a global private equity firm focused on impact investing in emerging markets.
The fund will invest in fast-growing health and financial services businesses in Africa, South Asia, and Southeast Asia.
The investment is part of IFC’s commitment to supporting private sector growth and job creation in emerging markets.
It is also aligned with IFC’s focus on investing in businesses that positively impact society and the environment.
LeapFrog Investments is a pioneer in impact investing in emerging markets.
The firm has a long track record of investing in healthcare and financial services businesses that are expanding access to essential services for underserved populations.
The new fund will invest in companies that are using technology to improve the delivery of healthcare and financial services.
The fund will also target companies expanding access to these services in rural and underserved areas.
The investment is expected to help LeapFrog Investments invest in up to 15 companies across Africa, South Asia, and Southeast Asia.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

Johnvents Group, a prominent Nigerian agribusiness and manufacturing conglomerate, has received a $40.5 million investment from British International Investment (BII), the UK’s development finance institution and impact investor.

British International Investment (BII), the United Kingdom’s development finance institution, has agreed to provide a $37 million investment for the Abydos II Solar PV and Battery Energy Storage System (BESS) project in Egypt, reinforcing the country’s transition to renewable energy.

Candi Solar, a Swiss clean energy company, has secured $38 million in funding to accelerate its solar power solutions for commercial and industrial (C&I) customers in Africa and India.