Largest African microfinance company created

In addition to the increase in capital, the company transformed into a permanent capital investment company and changed its name to AfriCap Microfinance Investment Company. AfriCap is now one of the most successful private equity funds in Africa.

Over the past six years, the company has established a solid track record: it has invested in 12 microfinance institutions across Africa, generated two exits with an average Internal Rate of Return (IRR) in excess of 30 percent and participated in the listing of Equity Bank Limited, the first IPO of a microfinance institution in Africa.