The Kigali International Financial Centre, Africa’s leading destination for compliant and professional financial services and cross-border investments has established a US$250 million Virunga Africa Fund I.
The Fund will invest in vital sectors that will drive economic and social transformation across the African continent.
The two anchor investors of the Virunga Africa Fund I are the Qatar Investment Authority (‘QIA’) and Rwanda Social Security Board (‘RSSB’).
The Fund is managed by Admaius, an independent investment firm comprising one of the most experienced pan-African investment teams working on the ground.
The Fund’s Head Office will be based in Kigali and domiciled in the Kigali International Financial Centre (KIFC), which offers a safe, compliant, and centralized holding presence for financial activities across Africa. The KIFC was recently recognised as one of the financial jurisdictions likely to become more significant by the Global Financial Centres Index (GFCI).
The Fund’s targeted investments will deliver tangible change for Rwandans and for people across the continent.
It will produce a more dynamic private sector in Africa and make the continent more self-reliant by reducing the need for foreign imports.
