AfricInvest, a pan-African private equity platform, has announced its AfricInvest Financial Inclusion Vehicle (FIVE) has acquired a minority shareholding in I&M Bank (Rwanda) Plc through AfricInvest Evergreen Investments, a special purpose vehicle formed by AfricInvest.

One of the latest initiatives of AfricInvest, FIVE is a perpetual fund that invests in market leaders in the financial services industry that are at the frontline of innovation across the African continent. FIVE...