DEG commits $40m to AfricInvest Fund IV

German development financier DEG has disclosed a commitment of $40 million to AfricInvest Fund IV, signed earlier this year. AfricInvest Fund IV is a pan-African fund established by private equity firm AfricInvest.

The fund provides growth capital to mid-size companies across Africa in diverse industries such as financial services, manufacturing, healthcare, education, FMCG, logistics and distribution.

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