Fanisi Venture Capital Fund

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Fanisi Venture Capital Fund S.C.A., SICAV-SIF (the “Fund”) is targeting $50 million to make privately negotiated equity and quasi-equity investments in start-ups, early stage and growth orientated small and medium sized enterprises (SMEs) primarily in the East African region (the “Region”) comprising of Kenya, Uganda, Tanzania and Rwanda. The Fund’s maximum size is $55 million. The Fund will target investments of between $ 0.5 and 3 million per Portfolio Company with the goal of investing in about 10 -12 SMEs at any one time and intends to focus on growth-orientated SMEs in various sectors with specific emphasis on Agri-business, Retail, ICT/Technology, Financial Services, Manufacturing, Media, Transportation, Logistics/Distribution, Tourism and Housing sectors. In addition to the SME Fund, the Fund Manager plans to raise a Business Advisory Services Facility (the “BAS Facility”), an integrated US$3-4 million BAS Facility to be funded by grants with an initial approval in principle of US$2 million from Norfund.