According to the bank's website, IFC is considering an equity investment of up to US$10 million in TIDE Africa II Limited Partnership (“TIDE II”). TIDE II is an Africa-focused venture capital fund investing in Seed to Series A tech and tech-enabled companies mainly in East and West Africa. The Fund’s sectoral focus will mainly be in the fintech, e-logistics, e-supply chain and healthtech space. This will be the second fund that IFC will be investing in after its US$5 million commitment into TIDE Africa Fund I Limited Partnership (“TIDE I”) that has so far made investments into 11 tech startups in Kenya, Nigeria and South Africa.
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