Verdant Capital Expands Investment in LOLC Africa to $13.5 Million, Boosting MSME Financing Across the Continent
Verdant Capital has announced a fresh injection of $4.5 million into LOLC Africa Singapore Limited through its Verdant Capital Hybrid Fund, raising the Fund’s total investment in the company to $13.5 million. This follows an earlier $9 million investment in June 2023, with both tranches structured as holding company loans. The capital is being channelled into LOLC Africa’s lending subsidiaries across ten African countries, including Zambia, Rwanda, Egypt, Kenya, Tanzania, Nigeria, Malawi, Zimbabwe, Ghana, and the Democratic Republic of Congo.
Photo courtesy of Brooke Patterson / USAID.
Source: MSME Africa (link opens in a new window)
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