The African Rivers Fund III, managed by XSML, has received an investment from the SDG Frontier Fund. The transaction amount has not been disclosed.

African Rivers is a mezzanine fund that aims at providing growth capital to approximately 35 SMEs in the Democratic Republic of Congo, Uganda and Angola, where the availability of SME finance is limited. It wishes thereby to achieve sustainable economic development by encouraging entrepreneurship in these fast-growing markets, and by creati...