New equity fund targets SMEs

scent, a Kenyan private equity firm, has raised Sh4.3 billion ($50 million) for investment in growth enterprises across Eastern Africa. The company management said the money will be invested in 12 fast-growing small and medium companies in Kenya, Uganda and Ethiopia.
Read more at: http://www.standardmedia.co.ke/business/article/2000129280/new-equity-fund-targets-smes

"Ascent, a Kenyan private equity firm, has raised Sh4.3 billion ($50 million) for investment in growth enterprises across Eastern Africa.
The company management said the money will be invested in 12 fast-growing small and medium companies in Kenya, Uganda and Ethiopia...."

 http://www.standardmedia.co.ke/business/article/2000129280/new-equity-fund-targets-smes

AfricInvest Group partners with FMO, MicroVest II, LP & Finnfund to form SFC Finance

"AfricInvest, along with FMO, MicroVest II, LP and Finnfund, is delighted to announce the creation of SFC Finance, a lender to African small and medium enterprises (SMEs). SFC Finance will commence operations with committed shareholders’ equity of $20 million and an initial $50 million debt facility extended by the Overseas Private Investment Corporation (OPIC). Final arrangements for both the shareholders’ equity and the debt were concluded on April 30, 2014...."

 http://www.avca-africa.org/africinvest-group-partners-with-fmo-microvest-ii-lp-finnfund-to-form-sfc-finance/