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
NEW: NCBA, KEPROBA to drive SME export growth in Kenya
NCBA has reaffirmed its support for Kenyan businesses seeking to compete in regional and international markets by convening…
By
Aradel to launch new petrol refining at modular facility
Aradel Holdings Plc is preparing to begin gasoline production at its modular refinery in 2027, following the removal…
AFC leads new investors in $2.5bn Dangote refinery private placement
The Africa Finance Corporation (AFC) has led a consortium of strategic investors in a landmark US$2.5 billion private…
NEW: Ecobank, Eco Stove to drive clean cooking in Uganda
Ecobank Uganda has partnered with Eco Stove Ltd to launch a Green Energy Financing Programme aimed at helping…
Gallery
