Africa Finance Corporation Anchors $40M Investment in Future Africa and LightRock Africa VC Funds

Deal Summary

Africa Finance Corporation (AFC) has made a $40 million anchor commitment to two African venture capital funds – $15 million to Future Africa and $25 million to LightRock Africa – as part of a $100 million fund‑of‑funds programme. The investment marks AFC’s first direct backing of VC firms, aiming to catalyze further capital into African tech startups.