The African Development Bank has committed €12 million to the Yeelen Financial Fund, managed by private equity firm Cauris Management.

Yeelen Financial Fund LP is a 12-year investment fund which aims to support the growth and development of banking, insurance, microfinance, financial technology and other types of financial services institutions within the West African Economic and Monetary Union (WAEMU).

Established in 1995, Cauris Management is the first private equi...