in Short
France : €50M raised for 3rd Franco-African Fund for SMEs/ETIs

On September 25, 2025, AfricInvest Europe announced the first closing of its 3rd Franco-African Fund (FFA 3) at €50M to support 10–12 French SMEs and mid-caps with high growth potential connected to Africa, with tickets of €5–10M. The fund is backed by Bpifrance, Proparco, BNP Paribas, Sanlam, and new investors including African pension funds and Gulf-based family offices. Goal: boost transcontinental growth and market access.