Kibo Fund I partially exits Madison Finance investment

16 Dec 2015

Regional PE fund Kibo I has partially exited its investment in Madison Finance Company Limited (MFinance) through redemption of its preference shares. MFinance is a licensed microfinance institution in Zambia with a network of 18 branches. TKF acquired a 25% stake in MFinance in 2013, and invested in additional preference shares to help the business grow its existing loan book to small and medium enterprises. Kibo I remains a partner with MFinance through its investment in ordinary shares.

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