In brief
Africa Edu Holdings is a tertiary education company focused on developing a Sub-Saharan African tertiary institution network. Finnfund’s investment will support the group's existing and future operations.
Main development impact
The most significant development effect of the investment is that it increases access to good quality tertiary education several African countries (e.g. Zambia, Uganda and Kenya). AEH’s focus is on improving education quality in the universities it acquires, with a special emphasis on employability of students after graduation.Investment details
| Name: | African Edu Holdings (Maarifa) |
|---|---|
| Project number: | 80000004 |
| Region: | Africa |
| Country: | Africa |
| Sector: | Other sector |
| Signing date (month/year): | July 2019 |
| Currency: | USD |
| Finnfund's financing (commitment): | 7,000,000 |
| Instrument: | Equity |
| Size of the project financing: | USD 63,000,000 |
| Share of Finnfund's financing (%): | 11 % |
| Status: | Active |
| Website: | https://maarifaeducation.com/ |
Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.
Other investments
| Name | Country | Signing date (month/year) | Currency | Finnfund's financing (commitment) | Instrument |
|---|---|---|---|---|---|
| African Edu Holdings | Africa | July 2024 | USD | 2,000,000 | Loan |
