European DFI commits $15m to Ninety One’s Africa Credit Opportunities Fund 3
The fund will make private credit investments into companies in Africa and other emerging markets.
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SIFEM, the Swiss development finance institution, has committed $15 million as part of the first close of Ninety One’s Africa Credit Opportunities Fund 3, which aims to raise a total of $500 million.
The fund will make private credit investments into companies in Africa and other emerging markets. SIFEM, managed by responsAbility Investments, will therefore play a key role as an anchor investor in providing capital to high-growth companies across Africa.
Several strategic partners have joined SIFEM in the first close of Africa Credit Opportunities Fund 3. These include the International Finance Corporation and British International Investment as anchor investors, along with Standard Bank of South Africa as the credit provider.
Anthony Mwangi Njoroge, principal and co-head of Africa fund of funds at responsAbility commented: “This investment underscores SIFEM’s strong commitment to promoting sustainable development in Africa. By providing essential capital to medium-sized enterprises, we contribute to strengthening economic resilience, creating quality jobs, and supporting businesses that advance both social progress and environmental sustainability. SIFEM and responsAbility are working together to ensure our investments have a lasting, positive impact on Africa’s emerging markets.”
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