Press release

Frontier investor XSML Capital raises US$ 98.7m in first close of 4th fund With African Rivers Fund IV XSML Capital will expand into Zambia

March 11, 2024

March 11, 2024 – XSML Capital, a leading provider of growth capital to SMEs in Central and Eastern Africa, has launched its 4th fund, African Rivers Fund IV (ARF IV), with a first close of US$ 98.7 million. The new funding allows XSML to double its investments and impact over the coming years and follow investees into new markets like Zambia.