LP approves $15m investment in SPE Capital fund
SPE PEF III will invest primarily in North Africa.
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The African Development Bank has approved a $15 million equity investment in the SPE PEF III private equity fund, managed by SPE Capital, to support growth-stage businesses across Africa.
The fund will invest primarily in North Africa, with selective exposure to high-growth markets in sub-Saharan Africa.
SPE PEF III is structured around three strategic pillars. The first is manufacturing and processing, including fast-moving consumer goods, packaging and food processing. The second is business and industry services, including third-party logistics, business process outsourcing and niche financial technologies. The third is human capital, covering pharmaceuticals, health services and education.
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