Customers at a Family Bank banking hall in Nairobi. AfricInvest invested in and exited the lender. file photo | nmg
Tunis-based private equity fund
AfricInvest is targeting to raise €200 million (Sh21.8 billion) through a
new fund that will invest in Africa’s banks.
The PE
firm, which invested in and exited Kenya’s Family Bank, says it has
launched the AFSH fund to take advantage of growth opportunities on the
continent.
“AfricInvest has begun fundraising for
AFSH, its second generation financial sector private equity fund.
Africa’s financial sector is undergoing a profound transformation,
through the strategic expansion..., digitalisation, and entry of
disruptors,” it said in a statement.
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