The US finance development agency, Overseas Private Investment Corporation (OPIC), injected $200 million, equally, in Apis Growth Fund II and Helios Credit Partner, two investment funds who have numerous assets in Africa.

Apis Growth Fund will use $100 million it received to implement its strategy which aims to invest in financial inclusion methods. It plans in this framework to help small and medium companies in targeted countries (in Africa and Asia) access financing solutions by developing internet facilities and through technological innovations.

Helios Credit Partner for its part, will, with the financing it secured, develop a loan offer solution, for companies based in sub-Saharan Africa. The investment fund opted for this move by using a study from the World Bank which reveals that only 20% companies in sub-Saharan Africa have access to credit lines or bank loans.

The OPIC said it is excited to invest in the two funds. Through this initiative, it directly contributes to the expansion of financial inclusion in the region. Indirectly, its support should impact various sectors of activities of which, energy, finance, transport, logistics, and telecommunications.

Idriss Linge