27/08/2009 (Agence Europe) - GroFin, a growth fund specialising in African companies, has announced that it has raised US$170 million which will be invested in some 500 African SMEs over the next five years. GroFin has, thus, exceeded its initial target of $150 million. The money was raised through development agencies and multilateral institutions. The European Investment Bank (EIB) and PROPARCO (AFD Group), made commitments through the Investment and Support Fund for Businesses in Africa...