AIFHAfrican Infrastructure Fund Holding
References in periodicals archive ?
AIFH has the largest pool of private equity capital committed to commercial banking on the continent at present, while CGAP has a proven track record of helping to build financial services for the poor in developing countries.
CGAP will join AIFH in developing business plans for retail financial services, including microfinance products, in banks the Fund is acquiring.
AIFH is making a giant step towards truly building inclusive financial systems in Africa," she said.
This partnership makes AIFH a unique privatisation partner for governments wishing to promote economic development and broaden economic participation.
AIFH intends over the next four years to take controlling positions in seven to nine banks with large branch networks in sub-Saharan Africa and transform them into efficient, large-scale retail banks serving all customer segments, including informal sector microenterprises and low-balance retail customers.