AfricaSyntaxis Capital Africa and Afrinvest Asset Management Limited have launched a N12 billion private equity fund.
The aim is to provide the funding needs of Small and Medium Scale Enterprises in sub-Saharan.
The fund is expected to cover a variety of sectors including, manufacturing, agri-processing, healthcare, education, and financial services.
Group Managing Director, Afrinvest, Ike Chioke says while SMEs play a vital role in the development of economies, access to funding remains a critical challenge on the performance of the sector.
The fund provides a viable option for SMEs who are looking for growth.