European LP proposes investment in Partech fund

The European Investment Bank (EIB) has proposed an investment, for an undisclosed amount, in the Partech Africa Venture Capital Fund II, a vehicle focusing on start-ups and high-growth small and medium-sized enterprises (SMEs) active in the digital and technology sectors in Africa.

The fund is the successor fund of Partech Africa Fund I, in which the EIB invested in 2017.

The first fund has been successfully deployed and the new fund will pursue a similar strategy. The fund manager will create value through a hands-on management approach, driving the growth and profitability of investee companies and enhancing enterprise skills, governance as well as environmental and social standards.

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