The International Finance Corporation (IFC) is exploring an investment of up to $50 million in Adenia Entrepreneurial Fund I, a pan-African private equity fund managed by Adenia Partners, a member of the World Bank Group.

Under the plan, IFC would contribute $30 million directly, alongside a $20 million co-investment facility, to support small and medium-sized enterprises (SMEs) across Africa, a segment the IFC notes is underfunded but critical to the continent’s economic growth.

The fund targets light manufacturing, consumer goods, renewable energy, healthcare, and education, taking majority stakes in portfolio companies to drive operational improvements, governance, and long-term growth strategies. Adenia Partners will provide technical assistance, sector expertise, and growth planning to enhance value creation.

Adenia Entrepreneurial Fund I seeks $150–$180 million in commitments, aiming to invest in roughly 10 growth-stage African companies with $10–$20 million per investment, while generating social impact through job creation for youth and women.

The investment proposal is pending IFC board approval and will be reviewed on February 11, 2026.