The EIB aims to invest $20 mln in investment fund targeting SMEs
The European Investment Bank (EIB) is considering an investment of $20 million in the first investment fund launched by Okavango Capital, private equity based in Kenya, to make impact investments in SMEs in East and Southern Africa.
The investment strategy of this private equity consists of supporting firms in the food safety, climate technology and nature tourism sectors. The target countries for this fund, whose final closing is set to $75 million, are Kenya, Uganda, Rwanda, Tanzania and Zambia.
It is noteworthy that the partial close of this fund is expected within six months.
Related Posts
Khayyam Jumani becomes Managing Director of J.P. Morgan Private Bank
Khayyam Jumani has stepped into the role of Managing Director at J.P. Morgan Private Bank, bringing with him…
ByLiquid Intelligent completes $855m refinancing and recapitalization
Liquid Intelligent Technologies has completed an $855 million recapitalisation and debt refinancing, supported by a $195 million equity…
IHS Nigeria, NCMM to renovate national Museum Lagos
IHS Nigeria, a subsidiary of IHS Holding Limited (NYSE: IHS) and one of the world’s largest independent tower…
Lagos Games Week returns to drive Nigeria’s stake in $200bn global industry
Lagos Games Week returns to the iconic National Theatre on 18–19 June with a clear ambition to position…
Gallery
