Ascent Rift Valley Fund II (ARVF II) is a private-equity fund that will primarily invest in fast-growing SMEs in Eastern Africa, with a focus on Ethiopia, Kenya, Uganda and including the possibility to invest in Tanzania, and Rwanda.
The Fund will benefit from the lessons learnt from the predecessor fund, Ascent Rift Valley Fund I (ARVFI).
The aim of the BIO's subsidy is to set up a Technical Assistance Facility (TAF). This TAF will strengthen the economic performance (general management, finance, administration, operations,…) of portfolio companies and will improve their sustainability and ESG processes, systems and capacities.