Prosper Africa backs African fund managers

Prosper Africa, a US government initiative, has announced four new partnerships with African fund managers under the Prosper Africa Catalytic Investment Facility that will mobilise over $200 million in private capital to fuel African innovation and entrepreneurship.

The new funds are:

– Enko Africa Private Equity Fund: Enko Africa Private Equity Fund is a private equity fund that will invest in mid-market African companies in a post-Covid pandemic environment in Africa.

– EG-Economic Empowerment Fund: EG-Economic Empowerment Fund is a female-led fund deploying capital to medium sized businesses in high growth sectors of food, health, education and climate resilience in East Africa and Zambia.

– Kuramo Capital: Kuramo Capital set up an accelerator programme for first-time female fund managers and is building a robust fund structure that will attract additional private investment as a fund of funds to hit a target close of $100 million by 2023.

– BFA Global: BFA Global created a pre-seed impact fund and accelerator, that will catalyse capital into high impact startups that seek to improve the resilience of climate-vulnerable populations across Africa.

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