LP commits to first-time African fund manager

FMO, the Dutch development bank, has disclosed an approved investment of €5 million in Joliba Capital Fund I, a first-time fund raised by Joliba Capital.

The fund targets €150 million in fund size and will build a diversified portfolio of eight to ten investments in consumer-driven sectors across Francophone West and Central Africa.

The fund is set up by Yann Pambou and Hamada Touré, two experienced African investment professionals in partnership with LBO France, an established French private equity firm based in Paris, operating primarily in Western Europe.

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