EIB invests in Amethis fund to support European SME expansion in Africa
The European Investment Bank signed a €20 million investment in the Amethis Europe Expansion Fund.
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The European Investment Bank (EIB) signed a €20 million investment in the Amethis Europe Expansion Fund, a new private equity vehicle designed to support European SMEs expanding their business in Africa, as well as in Europe and the Middle East.
Amethis Europe Expansion will provide both growth capital and strategic support to help European companies establish themselves in Africa, through exports, partnerships, acquisitions, or direct investment.
“This new investment in Amethis Europe Expansion Fund reflects our commitment to fostering sustainable economic ties between Europe and Africa,” said EIB vice-president Ambroise Fayolle.
He added: “By supporting European SMEs seeking to grow on the African continent, we are helping to unlock new opportunities for innovation, quality jobs and shared prosperity.”
Laurent Demey, co-founder and managing partner of Amethis, commented: “We are delighted to have our long-standing partner, the EIB, as a significant subscriber to this new innovative European strategy. The EIB’s commitment to this new Amethis strategy demonstrates the relationship of trust that has been built up over more than 10 years. The EIB’s support for this new strategy provides significant resources to support French and European SMEs in their international expansion, particularly in Africa, and create win-win partnerships between the two continents.”
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