The Overseas Private Investment Corporation (OPIC) has approved two private equity investment funds, which will provide US$250 million in financing to support the growth of businesses in Sub-Saharan Africa. For the first fund, to be managed by Emerging Markets Partnership, OPIC will provide an investment guaranty of up to US$100 million. The fund will target infrastructure and related industries, as well as media, financial services and manufacturing in Sub-Saharan Africa. For the second fund, to be managed by Ethos Private Equity, OPIC will provide US$250 million, aimed at promoting the expansion of medium-sized enterprises in sub-Saharan Africa, with an emphasis on South Africa and the manufacturing and services sectors.