EquaLife Capital, an Africa-focused venture debt fund, has committed to a $20 million COVID-19 debt relief fund by 15 April, with a preliminary focus on the East African region.

“In recent weeks, the need for a new type of venture debt financing has been growing exponentially as ventures seek to cope with cash flow challenges – expected and realised – related to the crisis,” said the company in a statement.

The Relief Fund will provide short-term debt on ...