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Pocketmags Digital Magazines

US$30 million fund targets Afghan growth companies

Afghanistan

A private equity fund mobilised to grow new businesses in Afghanistan has confirmed its second closing at more than US$30 million.

Infrontier Afghanistan announced the close after a capital injection of US$8 million from the MASSIF fund, a vehicle managed by the Dutch development bank FMO. MASSIF aims to provide people in emerging economies with access to basic financial services with InFrontier Afghanistan identifying the country’s strongest firms.

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