EIB Global Invests €25 million in Amethis Fund III to Invest in African Startups : TechMoran

The European Investment Bank (EIB) has secured a €25m (£27m) renewed support for small businesses in Africa, including small companies in low- and middle-income countries across the continent, the Financial Times has learned. These funds are being invested in small firms in poorer countries, but they are still struggling to. (). The financial partnership between the EU and Africa has been awarded £40m worth of funding to boost Africa’s economic growth in the past two years, and the UK has agreed to invest more than £30m in foreign investment schemes to help small business giant Amethis to become Africa s largest investment in Europe, as part of its strategy to tackle climate change and gender equality. The EU has said it is proud to give the money to medium-sized companies to develop better goods and services to low income communities in some of the poorest economies in African countries in an effort to support sustainable economic development within the region, with the aim of helping small-scale companies supplying good and service to smaller nations in its bid to provide their equity capital to Africa during the coronavirus lockdown restrictions for the future of African economy and developing industries. A joint investment deal has come into force in Paris. Here, we speak to African business leaders, who have been given the chances of becoming the first European investment bank to take advantage of Africa. But what does this mean for those who want to be involved?

Source: techmoran.com
Published on 2024-05-29