FISEA is an investment fund that takes equity participations in businesses, banks, microfinance institutions and investment funds operating in Sub-Saharan Africa. It is one of the key mechanisms of the French Initiative for Growth and Employment in Africa launched by the French President in February 2008. FISEA’s capital endowment was provided by Agence Française de Développement (AFD). AFD has been combating poverty and promoting development in South countries and Overseas France for over 60 years and implements the development policy defined by the French Government.
Project appraisal and management of FISEA has been entrusted to PROPARCO, AFD’s private sector investment arm.
FISEA aims to be complementary to traditional private funds and focuses on investments that carry a higher risk in unstable or post-crisis regions. It makes small investments in sectors that are traditionally neglected. The fund has a €50M annual investment target over a five-year period.