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After having already invested USD 5 million in the African Rivers Fund (ARF) in 2016, AFD Group renews its support to the XSML management team by investing USD 10 million in its third fund, African Rivers Fund III (ARF III). ARF III enables entrepreneurs in the DRC, Uganda and Angola to access the financing and support they need to strengthen and develop their businesses in regions often neglected by investors. This investment by FISEA, an AFD Group facility advised by Proparco, is part of the Choose Africa initiative dedicated to supporting entrepreneurship in Africa.
Published on 07 Dec 2021