EIB proposes investment in Leapfrog fund
The European Investment Bank (EIB) has disclosed a proposed equity participation of approximately $60 million in the Leapfrog Emerging Consumer Fund IV, a growth equity fund focusing on companies providing innovative financial services and healthcare solutions in Africa and Asia.
The fund aims to provide equity and quasi-equity support to private companies active in healthcare and financial services.
This approach is supported by its country offices in Lagos, Nairobi, Johannesburg, London and Singapore.
Leapfrog Emerging Consumer Fund IV has a target size of approximately $1 billion.