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SuperReturn Africa
5 - 7 December 2022
Cape Town

HOSTED BY AfricaGrow (AllianzGI)


On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW Development Bank, together with Allianz Global Investors, has set up a fund of funds that will provide financial resources for African private equity and venture capital funds. AfricaGrow aims to finance 150 innovative small and medium-sized enterprises (SMEs) and start-ups in reform-oriented African countries through local funds, close the financing gap and build a solid equity base. It targets to promote sustainable economic and social development and create more than 25,000 new jobs by 2030. The fund is based in Germany. When the fund was designed, great importance was attached to ensuring that the investments had clear sustainability objectives. Through regular and careful monitoring, the aim is to have a measurable positive social and/or economic impact in the form of, for instance, income security and the creation of decent jobs in areas such as education, energy and financial services.