According to EIB website, the project concerns a participation in the AfricInvest Growth Venture Capital Fund, a closed-end venture capital fund with a target size of EUR 120m. The fund will be set up to make privately-negotiated equity and quasi-equity investments to support growing innovative companies in Africa with a predominant focus on Sub-Saharan Africa. The Fund will pursue a pan-African, multi-sector strategy, investing and developing post-revenue innovative ventures that are scaling their activities and international ventures that are developing in Africa.
AfricInvest Group is a private equity and venture capital firm specializing in early stage, mid venture, late venture, incubation, startups, small and medium enterprises, turnaround, mid-market, growth capital, mergers and acquisitions, privatization, leveraged buy-outs, mature companies, recapitalization, industry consolidation, initial public offering, and debt structuring.
No contact information provided at the time of disclosure.
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