Maarifa (Africa Edu Holdings)
Region and country of operations: Africa, currently Uganda, Zambia, plans for expansion
Jurisdiction of registration: Mauritius
Business sector: Tertiary education
Date of agreement (month/year): 8/2019
Finnfund’s financing: USD 7,000,000
Share of Finnfund’s financing: 11%
Size of project/financing: USD 63,000,000
Environmental and social category: B
Africa Education Holdings is an education platform providing high quality and market relevant tertiary education in Sub-Saharan African through its group companies. Finnfund’s investment will support the growth of the platform and improve the quality of education in Sub-Saharan Africa.
Main development impact
The most significant development effect of the investment is that it increases access to good quality tertiary education in several African countries. The company’s focus is on improving education quality in the universities it acquires, with a special emphasis on employability of students after graduation.