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CDC and Finnfund back AfricInvest Fund IV with $70m
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Description
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CDC Group and Finnfund have announced a $70m commitment to AfricInvest Fund IV, a generalist pan-African fund aiming to foster the growth of African enterprises across the continent. CDC, the UK’s impact investor and development finance institution, committed $50m and Finnfund, the Finnish development financier, committed $20m.