Africinvest seeks to raise $217 million to invest in Africa banks


By Valentine Oforo | Business Daily, Kenya April 20, 2017

Tunis-based private equity fund AfricInvest is targeting to raise €200 million (Sh21.8 billion) through a new fund that will invest in Africa’s banks.

The PE firm, which invested in and exited Kenya’s Family Bank, says it has launched the AFSH fund to take advantage of growth opportunities on the continent.

“AfricInvest has begun fundraising for AFSH, its second generation financial sector private equity fund. Africa’s financial sector is undergoing a profound transformation, through the strategic expansion…, digitalisation, and entry of disruptors,” it said in a statement.

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