XSML Invests in Supermarket and Bakery Rehoboth (Sub-Saharan Africa)

Source: XSML

Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based Rehoboth, a supermarket and bakery. Rehoboth intends to use the capital injection to purchase a larger building and new industrial bakery equipment. Financial details of the transaction, which was structured through XSML’s Central Africa SME Fund, were not disclosed.