As part of its ongoing effort to foster sustainable investing across the firm, AfricInvest, a leading Pan-African mid-cap-focused private equity firm, is pleased to announce that is has become an official signatory of the United Nations-supported Principles for Responsible Investment (PRI). Through its new membership of this unique and leading platform, AfricInvest joins a large network of players and investors committed to integrating environmental, social and governance (ESG) considerations into their investment processes.
AfricInvest is proud to subscribe to the voluntary and aspirational set of principles established by the PRI and pledges to maintain its strong emphasis on ESG issues and best practices throughout the investment process, seeking positive financial and impact performance. AfricInvest commits to fostering good governance, integrity and accountability as well as assisting companies in addressing E&S risks and improving their performance, viewing them as inherent to the investment strategy of the Group.
“For more than a quarter of a century, AfricInvest has been supporting SMEs and larger companies in their growth and expansion throughout Africa, all the while ensuring the importance of ESG considerations in our investment methodology. Our ESG integration process was formalized and sharpened as we have grown, and is today viewed an essential part of long-term value creation,” said Ziad Oueslati, co-founder of AfricInvest Group.
Abir Attia, Partner and Head of Responsible Investing added, “We are looking forward to engaging in conversations about ESG with the larger community of PRI signatories who share similar values with regard to sustainable investing. In concert with so many likeminded institutions, AfricInvest hopes to encourage best standards in the financial markets and economies where we operate, and in so doing, create sustainable value for all our stakeholders.”
“By joining the PRI, AfricInvest has made a bold commitment to sustainable investing, which sends a positive signal to their peers,” said PRI CEO Fiona Reynolds. “We applaud AfricInvest for this commitment and warmly welcome them to the PRI.”
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