From CNBC Africa

Robert Scharar, president and CEO of FCA Corp in Texas, United States, is the second person to develop an exclusive Africa fund for Americans to have a vehicle to take part in Africa’s growth.

“[The 250 million dollar fund] is fairly new. We started it to invest in public companies traded on the African stock exchanges. Our original investments were more private funds, although they were in public companies,” Scharar told CNBC Africa.

“For example, we’re involved in Malawi in NICO Holdings, which is an insurance group in five countries, but the current fund is really focused on a pan-Africa perspective of publically-traded African companies.”

Written by Wilhelmina Maboja/Read more at CNBC Africa