Amid growing demand for funding for Africa’s underserved medium-sized companies, the IFC announced an investment in a new mezzanine fund managed by Vantage Capital.

The IFC’s $25 million investment in the Vantage Mezzanine IV pan-Africa fund will support companies based in Kenya, Nigeria, Morocco, Egypt and other countries across Africa engaged in job-creating sectors, including healthcare, tourism, manufacturing, information and communications technology (ICT) and telecommunicatio...