AFIG FUNDS

AFIG FUNDS

Investment Management

Dakar, Dakar 4,886 followers

A fund management company with a focus on private equity investing in Africa.

About us

Advanced Finance & Investment Group LLC (“AFIG Funds”) is a private equity fund management company founded in 2005 in Mauritius with branches in Dakar (Senegal), Johannesburg (South Africa), and Washington D.C. (United States). AFIG Funds seeks to create a new paradigm for African private equity investing by mobilizing substantial local private capital alongside international private investors and development finance institutions in investment vehicles managed by experienced African private equity professionals with a heavy emphasis on value addition beyond financial contributions. These professionals combine developed markets investment expertise with local insight and relationships which enable AFIG Funds to turn what have been traditionally considered hindrances to doing business in Africa into proprietary opportunities by devising innovative and simple solutions. The AFIG Funds team is driven by a strong commitment to excellence, an ambition to lead in the Private Equity sector, and a commitment to ethical investing. By combining international best practices with its deep knowledge of the target region’s economic environment, the AFIG Funds team offers proven expertise in private equity in Africa to achieve superior returns for its investors. AFIG Funds wishes to play its part in integrating the African continent in a virtuous circle leading to wealth creation for both its investors and the economies in which AFIG Funds participates. AFIG Funds is also committed to respecting internationally accepted environment, health, and social standards. Through its investments and its value added role alongside its portfolio companies, AFIG Funds aims to be a leading partner for the development of the African private sector.

Industry
Investment Management
Company size
2-10 employees
Headquarters
Dakar, Dakar
Type
Privately Held
Specialties
Private Equity, Investment management

Locations

Employees at AFIG FUNDS

Updates

  • View organization page for AFIG FUNDS, graphic

    4,886 followers

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    Administration at AFIG FUNDS

    🌟🌟Driving Innovation: #ADEPME joins forces with #AFIGFunds in Venture Studio initiative🌟🌟 We are excited to announce that ADEPME has us joined at #AFIGFunds in our Venture Studio initiative. This new partnership further strengthens our commitment to supporting African start-ups and entrepreneurs. With ADEPME's expertise and resources, we aim to continue institutionalizing these businesses and preparing them to become independent regional players. Together, we look forward to promoting innovation and driving sustainable growth across the continent. 🌟🌟Stimuler l'Innovation : #ADEPME s'associe à #AFIGFunds dans l'initiative de Venture Studio🌟🌟 Nous sommes ravis d'annoncer qu'ADEPME nous a rejoint a #AFIGFunds dans notre initiative Venture Studio. Ce nouveau partenariat renforce davantage notre engagement à soutenir les start-ups et entrepreneurs africains. Avec l'expertise et les ressources d'ADEPME, nous visons à continuer d'institutionnaliser ces entreprises et à les préparer à devenir des acteurs régionaux ou mondiaux indépendants. Ensemble, nous nous réjouissons de promouvoir l'innovation et de stimuler une croissance durable à travers le continent. #ADEPME #AFIGFunds #AfricanStartUps #VentureStudio ADEPME OFFICIEL AFIG FUNDS Marie Rose Faye Dr Soyibou NDAO Aminata M. DRAME Fatou Tayinah SALL Papa Madiaw Ndiaye Patrice Backer Mimi Kadiatou Traore

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  • AFIG FUNDS reposted this

    View profile for Papa Madiaw Ndiaye, graphic

    CEO of AFIG Funds | Chairman of ETI

    Celebrating Decades of supporting gender and youth at AFIG FUNDS! Last week marked a significant milestone as we hosted our inaugural hybrid alumni reception in Dakar. With nearly 50 participants, including 30 alumni and our current team members, the energy of our expanding community was truly palpable. We were also honored to welcome representatives of the AFIG Fund II investor group as we took time to reflect on the profound journey we've shared over the past few years with the backdrop of the beautiful Dakar sunset. 14 years ago, we launched our Investment Assistant by program which set a solid foundation for growth and leadership. This was AFIG Funds’ first ’gender intentional’ program leading to a majority of female alumni to-date. This also paved the way for AFIG Funds to be one of the few PE teams globally today with a majority of female staff members. Witnessing how our alumni continue to thrive in diverse industries and carry forward the values they embraced at AFIG Funds fills me with immense pride. Their successes are a testament to our commitment to nurturing remarkable leaders and strengthening the African PE and investment ecosystem. The formal launch of the AFIG Funds Alumni Network (A FAN!) is another step forward in creating an effective platform where African private sector leaders (current and future) can excel and transform challenges into opportunities. Reflecting on our past staff, I am inspired by the unique contributions each of them has made in shaping us into the dynamic organization we are today. I am equally proud of how they have carried forward the values and skills from AFIG Funds to become exceptional leaders in their respective fields. Their journey so far fills me with immense pride, and I am confident that the best is yet to come. Here's to many more years of growth, leadership, and success!

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  • View organization page for AFIG FUNDS, graphic

    4,886 followers

    We are always happy to reconnect with our alumni and celebrate their achievements. 😊 #AlumniSuccess #BusinessLeaders #GlobalNetwork #Investment #Empowerment #Innovation #AFIGFunds

    View profile for Patrice Backer, graphic

    Partner & CIO @ AFIG FUNDS | Wharton/Lauder MBA/MA, Private Equity

    🌟 Celebrating Growth and Success at AFIG Funds 🌟 This week, we at AFIG FUNDS organized our inaugural Alumni Gathering in Dakar. This hybrid event brought together our team and local alumni for a fun and lively cocktail reception in Dakar, while our international alumni checked in via teleconference from such locations as the Central African Republic, Côte d'Ivoire, France, Japan, the Netherlands, and the U.S., highlighting the extensive reach of our network. Since launching our internship programs in 2009, we have been dedicated to cultivating future leaders in finance and industry. Our tailored initiatives include: + A year-long program for MBA students from Senegalese business schools. + A summer internship for U.S. undergraduate and MBA students. + A six-month experience for students from France's Grandes Ecoles. These programs have welcomed African and international professionals from diverse backgrounds, building a dynamic community of talent and innovation. Our alumni have achieved remarkable success, founding their own companies, excelling as leading executives in financial services or industry, or pursuing other impactful endeavors. These accomplishments highlight the transformative impact of our commitment to nurturing the next generation of business leaders. We extend our heartfelt thanks to our local business school partners—CESAG BUSINESS SCHOOL, Groupe Institut Africain de Management 2, Groupe ISM, BEM Dakar, and Groupe SupDeco Dakar—for their continued support and for recommending their top students to our program. We are immensely proud of our alumni's achievements and the growth of our network. This week's event was not only a celebration but also a reaffirmation of our collective potential to drive meaningful change in the finance industry. We eagerly anticipate future gatherings and look forward to reconnecting with those alumni who could not attend. #AlumniSuccess #BusinessLeaders #GlobalNetwork #Investment #Empowerment #Innovation #AFIGFunds Aissatou Gaye Alima BA Laeticia BALOU Imelda C. Hounsinou Cheikh Ahmadou Bamba Fall Ornella K. Francis David SOSSAH Yacine Amar Jean Marc SÉNE Thierry Ekwalla Dieynaba Ndiaye Papa O. Syr Diagne, MBA Ndèye Thioro FAYE EL HADJI MALICK SOUMARE , ASMEC Sophia Sharara Axel Claude DOVI Mamadou Gueye Sow Adji Zamtato Gane-Bang Cindy Dossou Valentin Dikongué Marie Louise Esi Ndiaye

    • AFIG Funds Alumni Gathering - July 9, 2024 - Dakar
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    • AFIG Funds Alumni Gathering - July 9, 2024 - Dakar
    • AFIG Funds Alumni Gathering - July 9, 2024 - Dakar
    • AFIG Funds Alumni Gathering - July 9, 2024 - Dakar
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    Administration at AFIG FUNDS

    Did you know about #InternationalCapeVerdeanWomenDay? This date is celebrated by #CapeVerdeanWomen, only. Let me take you back to 1981 in Cape Verde where the Women’s Organisation of Cape Verde suggested March 27th to honour Cape Verdean women globally. Also known as #InternationalKriolaDay, it recognizes and celebrates the remarkable contributions and achievements of Cape Verdean women. #AFIGFunds is thrilled to highlight the inspiring initiatives orchestrated by our portfolio company, #Tecnicilindustria, a beverage-producing company based in Praia, Cape Verde, with a manufacturing facility in the town of Trindade. Throughout the month on March, activities will be as follow: ·         On March 8th, messages of recognition and congratulations will be extended to all female collaborators. ·         On March 26th, #Tecnicilindustria hosted open conversations themed around " #InspiringWomen, women's intimate health," featuring the esteemed participation of the President of the Cape Verde Women's Organization (OMCV). guided by a pelvic physiotherapist. ·         As we reach the pinnacle of the celebration on March 27th (Cape Verdean Women's Day), each employee will be presented with a rose as a gift accompanied by a card personally signed by the company's CEO. These activities reflect #TecnicilIndustria's dedication to honoring and valuing the contributions of women, making this celebration truly special. Tecnicil Indústria Tecnicil Indústria Alex Varela Papa Madiaw Ndiaye  Patrice Backer Awa Diallo Essane Stéphanie WADIA Mimi Kadiatou Traore #InspireInclusion #InternationalWomenDay

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    Administration at AFIG FUNDS

    As we are still in the month of March, celebrating #InternationalWomenDay, #AFIGFunds is delighted to showcase the programs and activities which were spearheaded by our portfolio company, #NEMInsurance. Renowned in the Nigerian insurance sector #NEMInsurance celebrated this occasion by paying tribute to women, hosting captivating games, awarding prizes, and delighting attendees with culinary delights throughout the event. #InspireInclusion Tope Smart Arimoro Kayode Idowu Semowo Papa Madiaw Ndiaye Patrice Backer Kelechi Okoro Awa Diallo Kady Fatem TRAORE Mimi Kadiatou Traore

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    Mustapha EZZEDDINE, Papa Madiaw Ndiaye, Patrice Backer, Arjette van den Berg, Albert Claude DIADHIOU, Ebbah Armande Anita KADJO, valerie kouandi, Salma Ely Manel Fall, Essane Stéphanie WADIA. #AFIGFunds met en lumières les actions marquantes de notre société du portefeuille, #NouvelleMiciEmbaci, un leader régional dans l'industrie de l'emballage et du recyclage, à l'occasion de la #JournéeInternationaleDesFemmes la semaine dernière : ·      Une procession vibrante avec des fanfares traversa toute l'usine, accompagnant la distribution de cadeaux aux femmes. ·      Une projection de deux vidéos inspirantes : -         L’une axée sur l'inclusion, partageant des récits inspirants de femmes techniciennes prospérant dans des professions traditionnelles masculins, inspirant les générations futures, et aussi portant sur l'engagement de la direction et du personnel de NME à faveur de l'inclusion des femmes. -         L'autre mettant en lumière les jeunes filles du Lycée Professionnel des Métiers de la Mécanique et de l'Electricité qui ont choisi de poursuivre des carrières traditionnellement masculines. ·      Une conférence intitulée ‘’Accélérer l'inclusion et l'épanouissement des techniciennes dans le secteur industriel’’ animée par un professeur du Lycée Professionnel des Métiers de la Mécanique et de l'Electricité et spécialiste des questions de genre. L'événement s'est conclu par une cérémonie de remise de prix honorant les réalisations des techniciennes de NME et des entreprises clientes suivi par un déjeuner convivial

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    4,886 followers

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    Administration at AFIG FUNDS

    Mustapha EZZEDDINE, Papa Madiaw Ndiaye, Patrice Backer, Albert Claude DIADHIOU, Arjette van den Berg, Ebbah Armande Anita KADJO, Salma Ely Manel Fall, Essane Stéphanie WADIA, Mimi Kadiatou Traore #AFIGFunds highlights the impactful initiatives of our portfolio company, #NouvelleMiciEmbaci, a regional leader in the packaging and recycling industry, on the occasion of International Women's Day last week: • A vibrant procession with brass bands traversed the entire factory, accompanying the distribution of gifts to women. • Screening of two inspiring videos: One focused on inclusion, sharing inspiring stories of female technicians thriving in traditionally male-dominated professions, motivating future generations, and highlighting the commitment of NME's management and staff to promoting #WomenInclusion. The other showcasing young ladies from a Professional High School of Mechanics and Electricity who have chosen to pursue traditionally male-dominated careers. • A conference titled "Accelerating the Inclusion and Flourishing of Female Technicians in the Industrial Sector," led by a professor from the Professional High School of Mechanics and Electricity and a gender equality specialist. • The event wrapped up with an award ceremony honoring the achievements of NME's female technicians and those from client companies followed by a social lunch.

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    4,886 followers

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    Administration at AFIG FUNDS

    #AFIGFunds is proud to share the noteworthy initiatives championed by our portfolio company, #AxisPension— a leading player in Ghana's pension funds administration landscape. Throughout the week, Axis has passionately undertaken various activities, including: • Engaging in vibrant discussions on 'Inspiring Inclusions' on their Whatsapp platforms. • A compilation of vignettes from women thriving in traditionally male-dominated roles, sharing their experiences and empowering the future generations to come. • March 8th was a day buzzed with excitement as attendees adorned in vibrant purple attire engaged in creative painting sessions. The day boasted a distinguished guest speaker and marked the launch of Axis' Female Leadership Program, aimed at empowering young women to assume leadership roles. Gourmet delights added to the festive ambiance, reflecting Axis Pension's dedication to driving positive change and promoting leadership diversity and equity. Ama Serebour Ansong Afriyie Oware AXIS PENSION TRUST LTD. Papa Madiaw Ndiaye Patrice Backer Kelechi OkoroJuanita Dankwa Albert Hughes Yaa Benewaa Yeboah Paa Kofi Ankomah Aissatou Dia Mimi Kadiatou Traore #IWD2024 #inspireinclusion #AxisFemaleLeadershipProgramm #AxisPensionTrustLimited

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  • AFIG FUNDS reposted this

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    Partner & CIO @ AFIG FUNDS | Wharton/Lauder MBA/MA, Private Equity

    Reflecting on a Journey to #CaboVerde Last week, I traveled to Cape Verde to attend a board meeting of Tecnicil Indústria – an AFIG FUNDS portfolio company and a leader in the beverage sector in Cape Verde. This marked my first in-person engagement since the onset of the COVID-19 pandemic, offering the opportunity to reconnect with the dedicated management team and staff under the leadership of Mr. Alfredo Carvalho. During my visit of the plant, I witnessed the remarkable evolution that has unfolded over the last four years. Under the stewardship of an exceptional management team, Tecnicil has not only scaled its operations but also expanded its markets - notably, the export of fruit juices to the USA. These products have found a special place within the Cape Verdean community in America, a testament to the quality and cultural significance of our products. This journey vividly illustrated resilience, innovation, and the boundless potential of African enterprises on the global stage. Tecnicil’s success story is a beacon of what is possible when vision meets hard work and dedication. As the most recognized portfolio of brands in Cape Verde (Kul, Nôs Sabor, Trin, Trindade, TrinTea, ), Tecnicil is not just a business success story; it's a story of connecting cultures, embracing innovation, and building bridges that extend beyond the shores of Cape Verde. We at #AFIGFunds are proud to be associated with a leader in the Food & Beverage industry and a shining example of African enterprise. 🚀#TecnicilIndustria #BusinessGrowth #Innovation #CapeVerde #CaboVerde #AfricanEnterprise #GlobalImpact

    • Tecnicil Plant - Trindade, Santiago Island
    • Tecnicil products ready to be shipped to the US
    • Tecnicil Indústria
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    4,886 followers

    #AFIGFunds a célébré avec fierté une nouvelle Journée internationale des droits des femmes. Au fil des ans, nous avons joué notre rôle pour contribuer à l'établissement de l'égalité des sexes à travers notre politique de recrutement, nos programmes de mentorat, nos initiatives éducatives, un leadership inclusif et un plaidoyer actif pour une parité accélérée entre les genres et l'égalité des chances. L'objectif de notre événement cette année était de démontrer comment nous remettons en question les stéréotypes de genre, promouvons l'inclusion et favorisons une perspective diversifiée au sein de notre sphère d'influence. La Journée internationale des droits des femmes chez AFIG Funds est une célébration des femmes, embrassant leur diversité et honorant leurs réussites dans les sphères sociale, politique, économique et culturelle. Elle représente surtout une opportunité de jeter un oeil critique sur nos propres pratiques de promotion de l'inclusion des femmes dans le milieu socio-professionnel. Nous rendons hommage aux femmes qui nous ont précédées, à celles qui sont parmi nous aujourd'hui, et à celles qui prendront la relève. Nous avons pré-sélectionné 3 thèmes de discussion qui ont été exploré avec notre équipe et nos invités d'honneur, des étudiants du prestigieux lycée Lycée Saïdou Nourou Tall. Restez à l'écoute pour notre campagne qui mettra en avant l'« inclusion » au sein de nos entreprises en portefeuille, à travers des interviews et des photos illustrant leurs activités variées. #Ensemble, forgeons un monde plus inclusif pour les femmes #Empowerment des femmes #Inspirons l'inclusion

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    • Journée international des femmes à AFIG Funds - 8 mars 2024
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