UK’s impact investor CDC Group invests $20M in Adiwale Fund I, to support SMEs in Francophone West Africa

Finance
Wednesday, 22 January 2020 15:22
UK’s impact investor CDC Group invests $20M in Adiwale Fund I, to support SMEs in Francophone West Africa

(Togo First) - CDC Group, UK’s State-owned impact investor, just committed a $20 million investment in the Adiwale Fund I, a private equity fund targeting small and medium enterprises (SMEs) in West Africa. Adiwale Fund I is the first fund raised by Adiwale Partners, a private equity management fund founded by Togolese natives Jean-Marc Savi de Tové and Vissého Gnassounou. 

The announcement was made earlier this week, at the Uk-Africa Investment Summit. 

Besides Adiwale Fund I, CDC Group also invested $19.2 million in Verod Fund III (which is active in Nigeria and Ghana). This makes a total of $39.2 million of commitments announced by the British group to support West African SMEs. 

In detail, Adiwale Fund I will invest mostly in Francophone West Africa, with a focus on Côte d’Ivoire, Senegal, Mali, Burkina Faso, Benin, Guinea, and Togo. Financings could vary between $3 million and $10 million. As for Verod Fund III, it will mostly target English-speaking West Africa. 

Ayi Renaud Dossavi

togofirst mobile

 
Sondage
Should we encourage young togolese toward agriculture?
  • 57 Votes
    Yes
    55.88%
  • 25 Votes
    No
    24.51%
  • 20 Votes
    Don't have opinion
    19.61%
← Back
Total 102 Votes

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.