(Ecofin Agency) - It is announced that Amethis Finance, an investment fund which operates in Africa, will invest a minor yet important amount in Afriwara, the main shareholder of Société Nouvelle de Confiserie de Vridi (Waraba brand), a large agro-industrial firm based in Côte d’Ivoire.

The details of this transaction have not been specified but on its website, the private equity firm co-founded by Luc Rigouzzo, former chief executive of Proparco (section of the French Development Agency in charge of the private sector), indicates that its commitments which are between $10-30 million are usually long-term investments.

This is the thirteenth investment made by the private equity firm as part of its first fund. The income from this operation is expected to support the regional expansion of Afriwara through new acquisitions. It is also planned to expand the market of Société Nouvelle de Confiserie de Vridi.

Afriwara Group, founded in 1973 in Côte d’Ivoire, is a company of choice for Amethis Finance. It is also a leader in its sector with important possibilities for growth in its market.

Idriss Linge