Joliba Capital’s maiden fund attracts IFC interest

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The first fund sponsored by Joliba Capital has attracted interest from the International Finance Corporation. The development finance institution revealed it is considering an investment of €15 million in Joliba Fund I, a generalist private equity fund, helping it on its way to raising €150 million by the time it reached its final close.

Joliba I’s team will source growth and buyout investment opportunities in SMEs in Francophone West and Central Africa. The fund will acquire either minority or control stakes in the businesses it backs, using a range of equity, equity-linked, or mezzanine investment structures. While the fund is sector-agnostic, it will prioritize opportunities in the Agribusiness, Business Services, Consumer, Education, Financial Services, Healthcare, Transport, and Logistics industries, all consumer-driven sectors that will benefit from the region’s economic growth fundamentals.

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