Launched in 2001, the AfriCap Microfinance Investment Company was one of the first vintage of microfinance equity funds, building on the pioneering experience of Profund (1995-2005) in Latin America, and was the first microfinance investment fund focused exclusively on, and based in, Africa. In 2014 Grassroots assessed the governance practices of AfriCap in a multi-stakeholder effort to examine the successes and the challenges of this ambitious attempt to build the African microfinance industry.

Read the AfriCap Governance Assessment