AfriCap is a landmark fund. Established in 2001 AfriCap is a Mauritian based investment company operating out of Johannesburg and investing solely in Microfinance and microfinance related industries throughout Africa. Using a combination of developmental and private investors, AfriCap generates both financial and social returns through investing in institutions committed to serving low-income communities without access to conventional banking services.
AfriCap currently has 10 investments across 11 countries in equity and quasi equity instruments and maintains the role of active minority investor by providing governance, management advice and technical assistance. In 2007 AfriCap closed a second round of funding; raising its capital to $50 million and reconstituting as a permanent capital investment company - AfriCap Microfinance Investment Company.