XSML is an investment fund manager focused on frontier markets in Central and East Africa. We aim to grow small businesses into medium and large enterprises.
With investments in various sectors, XSML aims to improve access to affordable (basic) products and services, lower operating costs for businesses, generate jobs and unlock human and geographic potential.
Today, XSML, the fund manager active in Central & East Africa, announced its first investment in Uganda in KARE Distribution (KARE), a distributor and wholesaler of essential consumer goods based in Uganda.
Today, XSML, the fund manager active in Central & East Africa, announced its final close of the African Rivers Fund at USD 50 million. The African Rivers Fund is XSML’s second fund under management, after its maiden fund the Central Africa SME Fund (CASF), bringing total assets under management to USD 69 million.
Today, XSML, the fund manager active in Central Africa, announced the investment of its African Rivers Fund (ARF) in B.I.S., a Congolese manufacturer of generic pharmaceutical products. For over 20 years, B.I.S. has been producing and marketing tested solutions to prevent and cure infections to ears, eyes and throat, for the local market.