A milestone in supporting the African economy
AfricaGrow aims to finance 150 innovative small and medium-sized enterprises (SMEs) and start-ups in reform-oriented African countries through local funds, close the financing gap and build a solid equity base. It targets to promote sustainable economic and social development and create more than 25,000 new jobs by 2030.
When the fund was designed, great importance was attached to ensuring that the investments had clear sustainability objectives. Through regular and careful monitoring, the aim is to have a measurable positive social and/or economic impact in the form of, for instance, income security and the creation of decent jobs in areas such as education, energy and financial services.
Under the Investment Strategy section you will find more information about who will benefit from the fund.
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An initiative in cooperation with the
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This information does not constitute or form part of any offer to issue or sell, or any solicitation of an offer to subscribe or purchase any investment. This information is directed only at: (i) potential target funds eligible for AfricaGrow to invest in and (ii) certain persons having professional experience relating to investments. AfricaGrow, “a German investment partnership (fund of fund) in private equity and venture capital”, is closed and therefore not open for new investors or available to new investments.
The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable, but it has not been independently verified; its accuracy or completeness is not guaranteed and no liability is assumed for any direct or consequential losses arising from its use, unless caused by gross negligence or willful misconduct. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail. This is a marketing communication issued by Allianz Global Investors GmbH, www.allianzgi.com, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors GmbH.
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