IFC backs AfricInvest SME fund

The fund will invest in sectors like agribusiness, healthcare, manufacturing, logistics, and financial services.

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The International Finance Corporation (IFC) has announced an investment in AfricInvest's Small Cap Fund.

The fund will invest in SMEs in strategic sectors like agribusiness, healthcare, manufacturing, logistics, and financial services.

The investment is part of IFC's SME Ventures programme, which seeks to close the financing gap for SMEs in emerging economies.

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