EIB Global Invests €25 Million in Amethis Fund III to Promote Sustainable Growth of African Businesses
The European Investment Bank’s EIB Global arm has invested €25 million in Amethis Fund III, a pan-African fund providing private equity growth capital to medium-sized companies on the continent.
Amethis Fund III will target companies supplying goods and services to low- and middle-income populations in Africa. The target sectors include healthcare, business services such as logistics and IT, manufacturing and distribution, including agribusiness and fast-moving consumer goods, non-banking financial services, and services related to infrastructure and energy.
Photo courtesy of name_ gravity.
Source: AppsAfrica (link opens in a new window)
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