https://techcrunch.com/2019/04/10/cathay-capital-and-africinvest-to-raise-168m-africa-vc-fund/

Tunisia based private equity firm Africinvest has teamed up with Cathay Capital — a global private equity firm based in Paris — to launch a new Africa tech fund with a target raise of $168 million.

Details are still forthcoming, but the Cathay Africinvest Innovation Fund will focus primarily on series A to C stage investments in African technology companies, says fund co-founder Denis Barrier.