The need for risk capital is enormous in frontier markets, where acute development needs persist, often compounded by the devastating effects of natural disaster or conflict. SMEs in these countries have the potential to drive much-needed job creation and economic growth – but they have little access to the capital they need to grow. SMEs are typically too large to be served by microfinance institutions, yet too small and too recently established to be served by commercial banks. People also face other challenges to growing their firms, such as a lack of management skills or industry knowledge.
Ethiopia growth and transformation fund
Established in 2012, the Ethiopia Growth and Transformation Fund (EGTF) is the first ever private equity fund devoted to Ethiopia, investing in small-and-medium sized businesses, within the manufacturing and services sectors. Since the launch of the Fund, several new private equity firms have entered the Ethiopian market.
I&P AFrique 1 & 2
I&P Afrique is an impact-oriented venture capital fund targeting high potential SMEs and microfinance institutions in Francophone West Africa. Supported by a network of regional field offices, I&P Afrique provides in-depth management support and technical
assistance to strengthen local management teams.
African rivers fund
African Rivers Fund (ARF) is an investment fund investing in small and medium-sized enterprises (SMEs) in the Central African region. Countries covered are Burundi, Central African Republic, Democratic Republic of Congo, Republic of Congo and Uganda. The Fund aims to achieve sustainable economic development by (i) encouraging entrepreneurship in these fast growing markets and (ii) creating a local manufacturing, services and agricultural base to provide Central African economies with locally produced goods and services.
Central african sme fund
The Central Africa SME Fund (CASF) is an investment fund investing in small and medium-sized enterprises (SMEs) in the Democratic Republic Congo (DRC) and the Central African Republic (CAR). The Fund is based on the belief that encouraging entrepreneurship in growing markets as DRC and CAR will lead to achieving sustainable economic development.
Fanisi Venture Capital Fund S.C.A., SICAV-SIF is a US50M fund which makes direct investments in businesses with potential for substantial growth. Fanisi Capital was founded in 2009 by the Norwegian Investment Fund for Developing Countries (Norfund) and Amani Capital Limited. The Fund focuses on a segment of the market that has to date been outside the ambit of most venture capital funds in the East African market (Kenya, Tanzania, Rwanda and Uganda).