IFC and TLG Capital Launch $75 Million Fund to Help African SMEs Stay Afloat
To help small and medium-sized businesses in Africa access the financing they need, the International Finance Corporation (IFC) and investment firm TLG Capital have launched a new private credit initiative.
The fund, called the TLG Africa Growth Impact Fund II (AGIF II), has secured $75 million in its initial round of funding.
IFC, through its Distressed Asset Recovery Program (DARP), is contributing up to $20 million to the fund.
Photo courtesy of World Bank Photo Collection.
Source: Empower Africa (link opens in a new window)
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