June 3

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)

development finance, ESG, venture capital