Industry Newsroom

Central Africa SME Fund Reaches Final Close at US$19 Million (Sub-Saharan Africa)

Central Africa-focused private equity fund manager XSML has announced the closing of its Central Africa SME Fund with US$19 million in committed capital. The fund plans to pursue investments in small- and medium-sized enterprises in the Democratic Republic of the Congo and the Central African Republic. To date, the fund, which is sector-agnostic, has made 12 investments—9 in the Democratic Republic of the Congo and 3 in the Central African Republic.