The European Investment Bank’s (EIB) global arm has injected €25 million into Amethis Fund III, aimed at fostering sustainable growth in African businesses. Targeting medium-sized enterprises, the fund focuses on sectors vital to low- and middle-income populations, including healthcare, logistics, manufacturing, and agribusiness.
Aligned with the EU’s Global Gateway strategy, the investment seeks to address critical development issues such as gender equality, sustainable employment, and climate concerns. Thomas Östros, EIB Vice-President, highlighted the importance of providing patient equity capital to fuel African enterprise growth.
Amethis, with over a decade of experience, has supported numerous African companies, contributing to economic development and job creation. The partnership between EIB Global and Amethis underscores a shared commitment to fostering sustainable economic growth in Africa.
About EIB Global
EIB Global is the specialized arm of the European Investment Bank Group, dedicated to enhancing international partnerships and development finance.
About Amethis
Amethis is an investment fund manager focused on providing growth capital to promising mid-sized companies in Africa and Europe, aiming to drive sustainable economic development.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
31st May, 2024
