Proparco announces investment in Amethis Fund III
The fund will invest in African medium-sized companies.
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French development finance institution Proparco has announced a €20 million investment in the Amethis Fund III (AF III), which will invest in African medium-sized companies.
Proparco is a long-standing partner of Amethis, with investments in the Amethis Fund II, Amethis MENA Fund II and co-investments in two companies: Merec in Mozambique and Netis in sub-Saharan Africa.
"Proparco is delighted to be working with a long-standing partner, Amethis, with whom we share many values and a common commitment to the sustainable and inclusive economic development of the African continent. Proparco's investment in Amethis Fund III will support African entrepreneurship, particularly among women, and quality employment, in line with our strategic ambitions, in particular the reduction of socio-economic and gender inequalities," said Françoise Lombard, managing director of Proparco.
"Amethis is proud to count Proparco among its long-standing supporters. This new investment will enable us to further our shared goal of sustainable and inclusive growth in Africa and positively impact the communities we serve," said Luc Rigouzzo and Laurent Demey, managing partners of Amethis.
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