Proparco invests in Amethis fund

Proparco, via FISEA +, the AFD Group facility advised by Proparco and part of the Choose Africa initiative, has signed a €10 million equity investment in Amethis MENA Fund II (AMF II), alongside other development finance institutions such as the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). Private investors as well as the Edmond de Rothschild Group, Amethis’ partner, also participated in this first closing.

Managed by Amethis, an investment fund manager dedicated to the African continent, AMF II reached its first close at €85 million. The fund targets investments ranging from €5 million to €15 million in family-owned businesses and high-growth small and medium-sized enterprises (SMEs) in Morocco, Egypt, Tunisia, and Jordan, operating in the consumer, healthcare, education, business services, manufacturing and technology sectors.

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