AfricaGrow Commits Combined USD35m to SPE AIF I and CAIF

Source(s): Wall Street Online

AfricaGrow, a fund of funds established by KfW Development Bank and Allianz Global Investors, has committed EUR15m (approximately USD17.5m) to SPE AIF I, a fund managed by SPE Capital Partners targeting investments in Egypt, Jordan, Morocco, and Tunisia, and EUR15m to Cathay AfricInvest Innovation Fund (CAIF), a pan-African VC fund established by AfricInvest and Cathay Innovation. Read more