Brightmore Capital Supports CUBE’s K-pital Race Program

Saturday, 08 May 2021 10:09
Brightmore Capital Supports CUBE’s K-pital Race Program


The West Africa-focused investment management and advisory firm, Brightmore Capital, will support the K-pital Race program recently launched by the Centre Urbain de Business et d’Entreprenariat (CUBE) and 20 other African incubators. 

Based in Dakar and Abidjan, Brightmore Capital, which specializes in impact investing, “will intervene in the selection, capacity building and preparation for the financing of projects in their final phase, said CUBE’s executives.  

Established in 2016, the Brightmore Capital empowers SMEs, in the WAEMU and Guinea Conakry, that need financing going from €150,000 (about CFA99 million) to €3 million (CFA1.97 billion). Investments are made in the form of loans, equity investments or a combination of both.   

“We look for companies that have been in existence for an average of 2 to 5 years and have generated between 50 and 800 million in the sub-region. That's the potential. The growth should be exponential and not linear for many of these companies,” says Ndeye Thiaw, associate manager of Brightmore. 

The fund invests mainly in agribusiness, but also in small and medium industries, transport, and logistics. 

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