AFIG Purchases Two Companies from Impaxis Capital (Sub-Saharan Africa)

Source: Advanced Finance & Investment Group

Advanced Finance & Investment Group (AFIG), a private equity firm focused on Sub-Saharan Africa, has invested US$14 million in two Senegalese companies: downstream oil company Elton Oil Industries and automotive assembler Senbus Industries. Both companies are owned by Société d’Interventions Financières (SIFI), a subsidiary of Senegalese principal investment and financial advisory firm Impaxis Capital. AFIG invested through its West Africa-focused private equity investment vehicle, Atlantic Coast Regional Fund.