This initiative will primarily focus on SMEs in North, East, and West Africa, operating in key sectors such as education, health, and agribusiness.

The investment aligns with Proparco’s Choose Africa initiative, which is dedicated to bolstering African SMEs and start-ups.

Jérémie Ceyrac, Proparco’s Investment Director, highlighted the fund’s objectives, stating:

“This investment is fully in line with the Choose Africa initiative, which Proparco has launched to support SMEs and start-ups in Africa. This fund reflects our ambition to strengthen the capacities of African entrepreneurs and to respond to economic, social, and environmental challenges in a sustainable manner. Our partnership with AfricInvest goes back more than 25 years, and we are proud to once again play a joint role in supporting the continent’s economic fabric.”

AfricInvest, a leading Pan-African investment platform, views this fund as a continuation of its mission to empower high-growth, high-impact African businesses.

Brahim El Jai, Senior Partner at AfricInvest, remarked:

“This fund is part of our ongoing commitment to support small and medium-sized African businesses with high growth and impact potential in their ambition to become drivers of sustainable transformation. By combining financial support with our local and multi-regional expertise, we are supporting innovation, job creation, and the adoption of climate strategies in line with the Paris Agreements. Our aim is to help these companies generate measurable economic, social, and environmental value while consolidating their position in strategic markets.”

This collaboration underscores the long-standing partnership between Proparco and AfricInvest, spanning more than two decades.