The French venture capital firm, Ring Capital, has announced the launch of an impact investment vehicle dedicated to French-speaking West Africa and with a target size of 50 million euros ($54.3 million). ).

The investment vehicle planned by Ring Capital will make it possible to invest in “early stage” start-ups that seek to transform the informal economy, adapt to climate change or even develop agriculture and sustainable consumption.

Ring Capital is in partnership with MStudio, a “start-up studio” based in Abidjan, which supports start-ups in French-speaking West Africa from ideation to fundraising.