IFC backs Africa-focused LeapFrog PE fund with $50m

Points clés à retenir

Many small businesses in Africa continue to face a substantial challenge when it comes to accessing capital. The data available indicates a financing deficit of $330 billion for the small enterprises that constitute 90% of businesses across the continent. This challenge has not gone unnoticed, and it's drawing the attention of startups and foreign investors who see it as an opportunity to address this issue while also potentially reaping attractive returns on their investments. LeapFrog's focus lies in investing in healthcare, financial services, and climate solutions enterprises within rapidly growing global markets. These companies deliver substantial impact and robust returns, averaging a 24% annual growth rate. The latest fund concentrates on fostering businesses in healthcare and financial services by facilitating the adoption of digital solutions and introducing new products targeting underserved population segments.