New Investments
SIFEM Commits $15 Million to Ninety One’s Africa Credit Opportunities Fund 3
Swiss development finance institution, SIFEM, has committed $15 million to the first close of Ninety One’s Africa Credit Opportunities Fund 3, which targets a total fundraising of $500 million.
This initiative aims to channel private credit investments into businesses across Africa and other emerging markets.
Managed by responsAbility Investments, SIFEM will serve as an anchor investor, providing critical support to high-growth companies on the continent.
The fund is designed to bolster medium-sized enterprises, contributing to economic resilience, job creation, and sustainable development.
The first close saw participation from notable strategic partners, including the International Finance Corporation and British International Investment as anchor investors.
Standard Bank of South Africa also joined as a credit provider, reinforcing the fund’s financial foundation.
Anthony Mwangi Njoroge, Principal and Co-Head of Africa Fund of Funds at responsAbility, emphasized the transformative potential of the investment.
“This underscores SIFEM’s strong commitment to promoting sustainable development in Africa. By providing essential capital to medium-sized enterprises, we contribute to strengthening economic resilience, creating quality jobs, and supporting businesses that advance both social progress and environmental sustainability,” he stated.
The partnership between SIFEM and responsAbility reflects a shared vision of fostering impactful investments across Africa’s emerging markets, ensuring long-term benefits for businesses and communities alike.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“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.
You may also like…
Summit Africa Secures IFC Backing for $175 Million SPEF II Fund
South African private-equity firm Summit Africa has secured a US$20 million commitment from the International Finance Corporation (IFC) toward its second fund, Summit Private Equity Fund II (SPEF II).
Nigerian fintech startup Kuda hits 6 million customer milestone as it continues to redefine financial inclusion in Africa
Founded in 2019, Kuda has rapidly evolved into one of the most prominent fintech startups in Africa, offering innovative financial solutions and reshaping the way individuals access and manage their money.
Finance Earth and FSD Africa Launch Africa Nature Impact Fund With $100 Million Target
Finance Earth, FSD Africa and its investment arm, FSD Africa Investments (FSDAi), have launched the Africa Nature Impact Fund, targeting $100 million to finance early-stage conservation and nature-based carbon projects across Africa.