FMO plans to invest $12.5M in the ARF IV fund managed by XSML Capital, to support SMEs in Central Africa. ARF IV will target SMEs via mixed investments. The FMO is reported to have already committed $107 million in similar commitments so far this year.
The Dutch entrepreneurial development bank, FMO, is considering investing $12.5 million in the African Rivers Fund IV (ARF IV), managed by XSML Capital. The project underscores an ongoing partnership between FMO and XSML, following FMO's previous investments in this African fund, according to data compiled in the Ecofin Pro database.
ARF IV plans to continue using a mix of mezzanine and equity investments to build a diversified portfolio targeting SMEs. With a forecast portfolio of 30 investments and $2 million to $3 million in target commitments, on average, the fund is positioned to make a significant impact in the region.
The fund's main geographical focus includes Angola, the Democratic Republic of Congo, Zambia, and Uganda, countries where SMEs are struggling to access solid financing. The move falls under FMO’s policy to foster economic growth in emerging markets, but also to cultivate lasting relationships with established and competent partners such as XSML.
So far this year, the Dutch public-private lender has already announced almost $107 million in commitments to Africa-focused investment funds.
Since the year began, FMO has been involved in around 20 financing transactions targeting African economies. As a financing player on the continent, it has been involved in almost 200 initiatives as a lead investor or in association with other development finance institutions.
Senegal’s attempt to diversify its fuel supply by turning to Nigerian crude is bumping up against ha...
• UAC of Nigeria acquired CHI Limited, known for Chivita juices and Hollandia dairy, from Coca-Cola ...
• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...
Financial professionals gathered in Dakar on September 25 for the Structured Finance Africa Forum (S...
• Nestlé, NGOs urge against delay, propose grace period instead• EU cites technical hurdles, trading...
Senegal and the Federal Republic of Germany signed a €17 million ($19.7 million) financing agreement on October 8 to support vocational training and...
An audit by DRC’s Court of Accounts found a $16.8 billion shortfall in mining revenues between 2018 and 2023 due to under-reporting. Prosecutor...
Transnet signed a 25-year concession with FFS Tank Terminals to operate and maintain a liquid bulk terminal in Cape Town. The deal includes a ZAR 195.7...
Anglo American is divesting from platinum and diamonds, including an 85% stake in De Beers, to focus on copper, iron ore, and crop nutrients. CEO...
The Cape Floral Region is one of the world’s biodiversity hotspots and a source of ecological pride for South Africa. Located in the southwestern part of...
The city of Kilwa, located on the southeastern coast of Tanzania, represents one of the most fascinating chapters in the history of the Indian Ocean....