SIFEM invests USD 15 million in Ninety One’s Africa Credit Opportunities Fund 3
Zurich, 29 November 2024 – SIFEM, the Swiss Development Finance Institution, has committed USD 15 million as part of the first close of Ninety One’s Africa Credit Opportunities Fund 3 (ACO3), which aims to raise a total of USD 500 million. The fund is designed to promote sustainable growth and economic resilience by making private credit investments into companies in Africa and other Emerging Markets. SIFEM, managed by responsAbility Investments AG, will therefore play a key role as an anchor investor in providing capital to high-growth companies across Africa.
Several strategic partners have joined SIFEM in the first close of Africa Credit Opportunities Fund 3. These partners include the International Finance Corporation (IFC) and British International Investment (BII) as anchor investors, along with Standard Bank of South Africa as the credit provider.
SIFEM promotes sustainable development and resilience in Africa
Anthony Mwangi Njoroge, Principal and Co-Head Africa Fund of Funds at responsAbility, SIFEM’s portfolio manager, commented: “This investment underscores SIFEM’s strong commitment to promoting sustainable development in Africa. By providing essential capital to medium-sized enterprises, we contribute to strengthening economic resilience, creating quality jobs, and supporting businesses that advance both social progress and environmental sustainability. SIFEM and responsAbility are working together to ensure our investments have a lasting, positive impact on Africa’s emerging markets.”
About SIFEM SIFEM serves as Switzerland’s Development Finance Institution (DFI). Established in 2011 as a public limited company fully owned by the Swiss Confederation, SIFEM plays a key role in Switzerland's international cooperation strategy. SIFEM provides long-term financing to small and medium-sized enterprises (SMEs) in developing and emerging countries through local financial intermediaries. By doing so, SIFEM aims to reduce poverty while fostering sustainable, inclusive, and resilient economies. Its focus also extends to tackling the root causes of climate change and enhancing communities' resilience to its effects.
About responsAbility Investments AG responsAbility is a leading Swiss impact asset manager with deep expertise in private market investing across emerging markets. The company provides debt and equity financing to financial institutions, enterprises and mid-market funds, designed to generate measurable positive outcomes for people and planet alongside competitive financial returns. Impact and ESG are embedded throughout the investment process and supported by active engagement. As of 31 March 2026, responsAbility manages USD 5.9 billion in assets invested in around 70 countries and works with institutional, private and public sector investors to invest capital at scale.
Founded in 2003, responsAbility has deployed more than USD 17.8 billion in impact investments. Since 2022, responsAbility has been part of M&G Investments, a business of M&G plc, a global savings and investments group with asset management and insurance capabilities and a long-term institutional ownership base.
Contact
Richard Rogers
responsAbility Investments AG
+41 44 403 2151
media@responsability.com
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