Investisseurs & Partenaires has completed a first close of €41 million (about $47.7 million) for its Africa Entrepreneurs 3 fund. The fund is targeting $81.5 million in total and expects a second close in 2026. It plans to invest $1.2 million to $5.9 million in 15 to 20 small and medium-sized enterprises operating in sectors including education, health, energy, agribusiness, logistics, financial services and manufacturing, with a strong emphasis on climate and gender impact.