XSML Unlocks the Congo River (Sub-Saharan Africa)
Source: XSML
Sub-Saharan Africa-focused private equity fund manager XSML has invested in SOGETRA, a river and road transportation company in the Democratic Republic of the Congo, through its Central Africa SME Fund, which is targeting US$25 million in commitments. SOGETRA plans to use the investment to construct new barges and tugboats for transport on the Congo River. Financial terms of the transaction were not disclosed.