Member News

AfricInvest is pleased to announce the successful exit of its fund, AfricInvest Financial Sector (AFS), from Entrepreneurs Financial Centre (EFC) Zambia following the acquisition of the institution by NMBZ Holdings Limited, a leading Southern African financial services group. This transaction represents the culmination of a long-term partnership through which AfricInvest, alongside its strategic partner Desjardins International Development (DID), has supported the development and growth of EFC Zambia since 2009.

The transaction, valued at over USD200 million, represents a valuation for ABI above USD1 billion. It ranks among the largest private equity exits in Africa this year and marks DPI’s full exit from its investment in the company.

London: The Private Infrastructure Development Group (PIDG), through its project development solution, InfraCo has exited its preference share investment in InfraCredit Nigeria for USD 26 million, achieving a strong return despite challenging macroeconomic conditions. InfraCo continues to hold ordinary shares following InfraCredit Nigeria’s listing on the NASD OTC Securities Exchange in 2025.