Launch of AFSH Fundraising
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 of financial institutions, digitalization of operations, and the entry of disruptors. These trends are resulting in an acceleration of financial inclusion, tremendous growth and high profitability. AfricInvest specifically designed AFSH to seize this tremendous business opportunity. It leverages on the track-record and experience of AfricInvest’s first financial sector fund, which successfully invested in 21 financial institutions across 16 countries. AFSL’s target size is €200m.