As part of its efforts to foster sustainable investment across the company, AfricInvest, a pan-African leader in mid-cap private equity, announces that it has become an official signatory to the Principles for Investment Responsibility (PRI).

With its new membership in this unique and leading platform, AfricInvest joins a wide network of players and investors committed to integrating environmental, social and governance (ESG) considerations into their investment processes.

AfricInvest is proud to subscribe to the set of voluntary and ambitious principles established by the PRI and is committed to maintaining its strong focus on ESG and practical issues throughout the investment process, seeking a financial impact and positive performance.

AfricInvest is committed to promoting good governance, integrity and responsibility as well as supporting companies in managing E&S risks and improving their performance, considering them inherent in the Group's investment strategy.

"For more than a quarter of a century, AfricInvest has supported SMEs and companies in their growth and expansion across Africa, while ensuring the importance of ESG considerations in our investment methodology. Our ESG integration has been formalized and refined as we grow, and is now seen as part of long-term value creation," said Ziad Oueslati, co-founder of AfricInvest Group.

Abir Attia, Partner and Head of Responsible Investment, added: "We look forward to engaging in ESG conversations with the largest community of PRI signatories who share similar values in sustainable investing. Together with so many institutional peers, AfricInvest hopes to foster the best standards in the financial markets and economies in which we operate and, in doing so, create sustainable value for all our stakeholders."

"By joining PRI, AfricInvest has made a bold commitment to sustainable investing, which sends a positive signal to their peers," said Fiona Reynolds, CEO of PRI. We applaud AfricInvest for this commitment and welcome him to the PRI."

About AfricInvest

AfricInvest is one of the leading asset management firms for PE, VC and private credit in Africa with more than US$1.7 billion in funds raised. Established 26 years ago, AfricInvest has made more than 160 investments in 25 countries across the African continent in a variety of sectors, contributing to significant socio-economic development mainly through revenues improved growth and profitability in its portfolio companies.

The Group operates through AfricInvest's eight offices across the continent and two offices in Europe and the United States that transmit in-depth experience and relationships, sector and environmental expertise, social and governance improvements for the beneficiary companies.

Website: www.africinvest.com

About UN PRI

The UN-backed Principles for Responsible Investment (PRI) are the leading promoter of responsible investment. It works: to understand investment, the implications of environmental, social and governance (ESG) factors and to support its international network of signatory investors to integrate these factors into their investment and ownership decisions.

The PRI currently has more than 3,500 signatories who collectively manage more than US$100 trillion.

Website: www.unpri.org