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IFC and TLG Capital Announce $75 Million First Close to Boost SME Financing in Africa

Tech Gist Africa by Tech Gist Africa
05/06/2025
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The International Finance Corporation (IFC), a member of the World Bank Group, and TLG Capital, a pan-African alternative investment firm, have announced the first close of a $75 million fund aimed at enhancing access to capital for small and medium-sized enterprises (SMEs) across Africa.

This strategic partnership seeks to address the significant financing gap faced by African SMEs, particularly in sectors such as healthcare, financial services, and consumer goods. By providing tailored debt and mezzanine financing solutions, the fund aims to support businesses that are often underserved by traditional financial institutions.

“Our collaboration with TLG Capital underscores IFC’s commitment to fostering inclusive economic growth by empowering SMEs, which are the backbone of Africa’s economy,” said an IFC spokesperson. “Through this fund, we aim to catalyze private sector investment and drive sustainable development across the continent.”

TLG Capital brings to the partnership a decade-long track record of investing in African markets, with over 35 deals and 22 exits across 24 countries. The firm’s Africa Growth Impact Fund (AGIF) has been instrumental in providing innovative financing structures that cater to the unique needs of African SMEs.

“We are excited to partner with IFC to scale our efforts in bridging the financing gap for SMEs,” said a TLG Capital representative. “This fund will enable us to extend our reach and impact, fostering entrepreneurship and job creation across the continent.”

The $75 million first close marks a significant milestone in the fund’s journey, with plans to raise additional capital to further expand its reach and impact. The fund will prioritize investments in businesses that demonstrate strong growth potential and a commitment to social impact, aligning with both IFC’s and TLG Capital’s missions to drive sustainable economic development in Africa.

For more information about TLG Capital and its investment initiatives, visit tlgcapital.com.

Read more on Tech Gist Africa: 

PayTic, a Moroccan Fintech Startup Raises $4 Million

Egyptian Q-Commerce Startup Rabbit Secures Funding to Expand into Saudi Arabia

Stitch, a South African Fintech Startup Stitch Secures $55 Million in Series B Funding

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