IFC to invest up to $10m in Salt Capital's SADC fund

The IFC will make an equity investment of up to $10 million (not to exceed 20% of total commitments) in Salt Equity I, managed by Salt Capital Ventures.

Salt, established as a limited partnership registered in Jersey, will invest in SMEs in the SADC region (Angola, Botswana, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Tanzania, Zambia and Zimbabwe). Investments will cut across sectors such as food and beverage, supply chain, financial services, healthcare and education.

The fund is seeking to raise $100 million in capital commitments.

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