XSML announces first close of African Rivers Fund at USD 45 million
Kinshasa, Democratic Republic of Congo, 9 May 2016
Today, XSML, the fund manager active in Central Africa, announced the first investment of its African Rivers Fund (ARF) in Institut Aurora. Institut Aurora offers nursery, primary and secondary education to the population of Kinshasa. The school offers both a French Lycee curriculum as well as an English IB and a Montessori program.
In the last decades, education has been heavily affected by various crises sustained by the DRC. For years there has been insufficient public sector investment in education, leading to a lack of supply by existing schools. Despite the increasing supply via public and private institutions, who offer national and international programs, there continues to be a large deficit in affordable, quality education. Focusing on lower middle and middle class households Institut Aurora offers an affordable internationally recognized education program for both the French and English speaking population of Kinshasa.