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.

« Back to Member News

AVCA Newsletter out now! Bi-monthly African PE & VC news, research, events, training and more Read here:… https://t.co/KbqI0eQWpQ

AVCA & OBG launch PE & VC in Africa Covid-19 Response Report We are pleased to launch the 'Private Equity and Vent… https://t.co/qn309H36kJ

AVCA Newsletter out now! Bi-monthly African PE & VC news, research, events, training and more Read here:… https://t.co/e4K2mxPqA5

AVCA Newsletter out now! Bi-monthly African PE & VC news, research, events, training and more Read here:… https://t.co/JN3Ojijzfj

AVCA FOCUS LIVE State of African Private Equity & Venture Capital: Regional Perspectives Thursday, 12th November 2… https://t.co/tW17gpsZn5

;