EIB mulls $17m investment in African fund

Posted on: 17 June, 2020 at 9:47 AM

The European Investment Bank has disclosed it is considering a $17 million equity participation in the Women’s Development Business Equity Fund LP.

The fund has a target size of about $170 million and will focus on investing in women-owned or led companies in South Africa, Lesotho, Botswana, Namibia, Swaziland and to a lesser extent Ghana and Kenya.

The fund will focus on companies in compliance with the 2X Challenge criteria, or make them compliant during the holding period.

Reach Africa’s private equity community by publishing a Showcase Article on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.

css.php