Fund for Export Development in Africa

The Fund for Export Development in Africa (FEDA) is an investment firm providing equity, quasi-equity, and debt capital to trade and export sectors, and is based in Kigali, Rwanda. The organization aims to address a $110 billion annual equity funding gap across the continent by supporting businesses in manufacturing, technology, healthcare, logistics, and agribusiness. Backed by a $350 million initial commitment from Afreximbank, the impact investment subsidiary targets an initial fund size of $500 million with expectations to exceed $1 billion. The fund deploys capital into industrial value chains, recently executing a $300 million investment in an African minerals and metals processing platform, operating with backing from 16 shareholder nations including Nigeria, Kenya, and Chad. The subsidiary was initiated in 2016 and officially launched in 2019 by its parent organization and founder, Afreximbank.