Africa Credit Fund Gains $15M Backing from Swiss Institution
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Anthony Mwangi Njoroge, responsAbility Investments Principal & Co-Head Africa
The Swiss development finance institution SIFEM has pledged $15 million to the Africa Credit Opportunities Fund 3, aiming to raise $500 million. This fund, managed by responsAbility Investments, targets medium-sized enterprises in Africa and other emerging markets, promoting economic resilience, job creation, and sustainable growth.
The fund's first close attracted major players like the International Finance Corporation, British International Investment, and Standard Bank of South Africa, bolstering its financial strength. Anthony Mwangi Njoroge of responsAbility highlighted the initiative's potential to drive transformative change by supporting high-growth businesses that advance social and environmental progress.
This partnership underscores SIFEM's commitment to impactful investments, fostering sustainable development and long-term benefits for African communities.
Source: Tapiwa Matthew Mutisi / Innovation Village
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