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.

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