About This Fund
The African Rivers Fund IV (ARF IV) by XSML Capital aims to provide growth capital to promising small and medium-sized enterprises in Central and East Africa, specifically targeting the missing middle segment not addressed by the banking sector and other financial institutions. The fund will target investments in Zambia, where XSML will open an office, and other frontier markets in the region such as Angola, Congo, Kenya and Uganda. Investors in the fund include British International Investment, FMO, the International Finance Corporation (IFC), Norfund, Swedfund, and SIFEM, managed by ResponsAbility Investments. These investors are committed to supporting talented entrepreneurs and investing in Africa's frontier markets. ARF IV will focus on building a portfolio of over 50 companies, offering more than just finance to its clients. XSML clients are provided with tailored business support to improve company processes and foster long-term relationships, allowing for flexible financing when needed. XSML Capital, founded in 2008, differentiates itself by providing growth capital ranging from US$ 300k to US$ 10m in underserved markets in Central and East Africa. The fund aims to support talented entrepreneurs in these frontier markets, fostering durable prosperity and sustainable growth for SMEs in the region.