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XSML announces final close of African Rivers Fund at USD 50 million

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.

XSML invests in Congolese Pharma

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.