Abraaj Africa III is targeting $800m and will have an investment period of ten years, documents from IFC showed.
IFC expects to make a decision on the proposed investment later this month.
Abraaj Africa III will invest in mid‐size companies that seek regional or international expansion.
Earlier this month Abraaj exited its investment in Angolan plastic pipe manufacturer Fibrex. Abraaj made a majority investment in Tunisian private healthcare business Polyclinique Taoufik in July.
Among Abraaj’s recent funds is its North Africa Fund II, targeting up to $300m, which the European Bank for Reconstruction and Development was considering investing $25m into last month.
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