IFC invests $50m in new LeapFrog fund to bolster health, financial services businesses in Africa
- IFC has made a US$50 million equity investment in a new fund by LeapFrog Investments.
- The fund will focus on growing businesses in healthcare and financial services by adopting digital solutions and reaching underserved populations.
- IFC's investment will also help improve gender diversity at the fund manager level and the companies the fund will invest in.
The investment by IFC in LeapFrog's new fund is a positive move that will contribute to the growth of healthcare and financial services businesses in emerging markets. The focus on adopting digital solutions and reaching underserved populations shows a commitment to addressing social problems while generating market returns. The partnership with other investors and the aim to improve gender diversity also demonstrate the fund's potential for success.
