XSML Capital fund secures DFC commitment
ARF IV will support small and medium-sized businesses in frontier markets in Central and East Africa.
The U.S. International Development Finance Corporation (DFC) has approved and committed a $13 million equity investment in the African Rivers Fund IV (ARF IV), managed by XSML Capital.
ARF IV will support small and medium-sized businesses in frontier markets in Central and East Africa, including Angola, the Democratic Republic of the Congo, and Zambia.
ARF IV reached a first close of $98.7 million in March 2024.
* Read How we made it in Africa’s interview with XSML managing partner Barthout van Slingelandt: Investment adventures in Africa's frontier markets
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