IFC announces investment in SPE Capital fund
IFC has committed up to $30 million, along with a $20 million co-investment envelope, into SPE PEF III.
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The International Finance Corporation (IFC) has announced an equity investment of up to $30 million, along with a $20 million co-investment envelope, into SPE PEF III, a private equity fund managed by SPE Capital. The firm supports mid-cap companies in Africa.
This investment is one of four projects signed during IFC vice president for Africa Sérgio Pimenta's visit to Egypt.
"Our investments in Egypt's key sectors demonstrates our ongoing commitment to supporting the country's development goals," said Pimenta. "For nearly 50 years, IFC has worked alongside Egypt to boost private sector development – especially through macroeconomic challenges and regional uncertainties – and we plan to do more. The private sector is key to helping Egypt reach its full economic potential, creating jobs, and raising people's living standards."
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