IFC considering commitment to West and Central African PE fund

The IFC has disclosed a proposed equity investment of up to €15 million in Joliba Fund I, a 10-year closed-end generalist private equity fund targeting small and medium companies in francophone West and Central Africa, primarily in Côte d’Ivoire, Cameroon, Benin, Burkina Faso, Central African Republic, Chad, Gabon, Guinea Bissau, Mali, Niger, Republic of Congo, Senegal, and Togo.

Joliba Fund I will be managed by Joliba Capital, which was founded by Yann Pambou and Hamada Touré in partnership with LBO France Gestion, a French multi-assets investor.

The fund has a total committed capital target size of €150 million.