Industry Newsroom

Proparco and Bpifrance Announce Launch of Fourth Africa Fund of Funds

Proparco and Bpifrance have announced the launch of Averroès Africa, their fourth fund of funds dedicated to African funds investing in startups and SMEs in Africa. The vehicle has an initial target size of EUR100m (approximately USD118m), with a EUR55m (approximately USD65m) first close expected by the end of 2020. Read more