Afreximbank and Gateway Partners are teaming up to create the Africa Credit Opportunities Fund (ACOF) to provide credit solutions to African businesses.
We are delighted to announce our Joint Venture arrangement with the Fund for Export Development in Africa (FEDA), the development impact-oriented subsidiary of African Export-Import Bank (Afreximbank), focused on enabling intra-African trade. Gateway alongside FEDA will co-establish the Africa Credit Opportunities Fund (ACOF) to provide credit solutions to African businesses.
This partnership, a first of its kind between an African Development Finance Institution and an alternative investment manager, is intended to broaden and strengthen Afreximbank’s support for the continent. The ACOF is a unique platform that brings together the institutional expertise and relationships of Afreximbank and Gateway to provide much-needed financing solutions to businesses across Africa.