AfricInvest Financial Inclusion Vehicle LLC

Africa

Region

187.3

Committment (MNOK)

Financial Institutions

Sector

AfricInvest Financial Inclusion Vehicle (FIVE) is a company targeting equity investments in Tier II and Tier III financial institutions in Africa. It is established and will be managed by AfricInvest, one of the leading private equity players in Africa. FIVE has by the fourth closing in May 2019 raised EUR 82.5 million and in addition has received conditional commitments of another EUR 10 million each from FMO and Norfund. FIVE is seeking to raise EUR 120 million, with a long-term goal of raising a total of EUR 200 million. The company is structured as an Evergreen.

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  • Sector: Financial Institutions
  • Committment (MNOK): 187.3
  • Year: 2018
  • Region: Africa
  • Country: Regional
  • Domicile: Mauritius
  • Instrument: Equity
  • Status: Active

Indirect investments

Investee Sector Country
InstadeepOther servicesOther
CFG BankBankingOther
Prime BankBankingOther
I&M Rwanda Bank LimitedBankingRwanda

Additionality for AfricInvest Financial Inclusion Vehicle LLC

This investment is particularly additional on the following ambitions:

  • Investing in the most capital constrained markets
  • Investing in the riskiest markets
  • Investing in the most difficult business environments
  • Investing in high risk instruments
  • Contributing to starting new business activity
  • Mobilising private investors
  • Taking an active role in investments
  • Improving social and environmental standards