Orange, Saham and FinanceCom are among the contributors to the cross-border venture fund, which was formed by Bpifrance and AfricInvest.
A range of corporates have contributed to French African Fund, a cross-border investment vehicle for France and Africa that was launched on Monday.
French African Fund was formed by France’s public investment bank, Bpifrance, and private equity firm AfricInvest.
The size of the vehicle has not been disclosed but the majority of the capital has been provided by Bpifrance, financial services firm Société Générale, telecom firm Orange and Proparco, the development financial institution part-owned by French development agency AFD.
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