EBRD Supports North African Enterprises with $40 Million Investment

EBRD Supports North African Enterprises with $40 Million Investment

By Staff Writer, 02 July 2024

The European Bank for Reconstruction and Development (EBRD) has announced plans to invest up to $40 million in the newly launched SPE PEF III fund, managed by SPE Capital. This investment aims to support mid-sized enterprises in Egypt, Morocco, and Tunisia.

SPE PEF III focuses on achieving long-term capital growth by making equity and quasi-equity investments in these North African countries, with the possibility of expanding its reach to select sub-Saharan African nations.

This initiative continues the successful partnership between EBRD and SPE Capital, which began with EBRD’s investment in the SPE AIF I fund during 2019-2020. The predecessor fund, AIF I, has played a crucial role in the growth of nine companies across various sectors, including healthcare, education, consumer goods, and food processing.

Source: Tapiwa Matthew Mutisi / Innovation Village

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