Finance

Partners for Growth to set up investment vehicle targeting emerging markets

Partners for Growth to set up investment vehicle targeting emerging markets
Wednesday, 25 May 2022 19:37

The coronavirus reduced credit offers in emerging markets. In this risk aversion context, Partners for Growth wants to stimulate the private debt market.  

US-based fund manager Partners for Growth (PFG) will soon set up an investment vehicle dedicated to innovative firms operating in emerging markets, including Africa. 

The fund, whose target size has not been disclosed, will receive its first commitment (US$30 million) from the International Finance Corporation (IFC). It will specifically target mid-stage and early-stage companies focused on the fintech, software, logistics, health, and life sciences sectors. The amount to be allocated to each company was also not specified.

"Our partnership with PFG will play a key role in improving access to finance for deserving high growth technology businesses," said Paulo de Bolle, Global Senior Director of IFC's Financial Institutions Group

The coronavirus pandemic heightened uncertainty and risk aversion in emerging markets. It, therefore, reduced the volume of credits available for SMEs in those markets. But, for PFG, the said markets host some of the most compelling opportunities since firms can “create new categories and pioneer solutions that deliver impact.”  

So, the investment vehicle is expected to stimulate the private debt market in the countries targeted. 

Chamberline MOKO

On the same topic
AXA Mansard net profit falls 78.9% in 2025, despite strong revenue growth Absence of 2024 forex gains and higher costs hurt earnings Insurer maintains...
African multilateral lenders introduce tool to detect early signs of debt stress Initiative follows disputes over Ghana and Zambia debt...
Amethis and Morocco’s Retail Holding acquire majority control of OCS Adenia Partners and Proparco exit after entering the group in 2021 OCS operates...
Ethiopia to reopen talks on restructuring its $1 billion Eurobond OCC says draft deal fails comparability of treatment debt-relief...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...

African Startup M&A Hits Record 67 Deals in 2025, Led by Fintech
03

Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...

WAEMU employment tops 50% in 2025, but job quality remains weak
04

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
05

Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...

Nigeria’s central bank upgrades fintech licenses amid rapid digital growth
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.