EIB proposes investment in African PE fund

The European Investment Bank (EIB) has disclosed a proposed investment of €30 million in Amethis Africa Fund III, managed by private equity firm Amethis.

Amethis Africa Fund III is a generalist growth capital fund targeting private enterprises active in Africa.

The aim is to provide equity and quasi-equity to high-growth African enterprises, mainly family-owned businesses in the manufacturing, retail, health and education sectors.

The fund has a target size of €450 million.

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