sentences:  The objectives of AFH were to promote the establishment of banking subsidiaries across Africa, with local capital participation as a key component and to offer both management, technical support as well as equity participation in these new banking subsidiaries.Starting in 1990 with BOA Benin, the group started opening subsidiaries across the continent, initially in Francophone countries but eventually in Anglophone Africa, starting with BOA Kenya in 2004.To increase their capital base, AFH took on new investors including the PROPARCO, a division of the French Development Agency, Netherlands Development Finance Company (FMO) and Natexis (now Natixis) of France.