CDC Group, the United Kingdom’s publicly owned impact investor, has announced the commitment of $39.2m to support the Small and Medium Enterprises in West Africa.
The company said in a statement on Monday that it was backing Verod Fund III and Adiwale Fund I with commitments of $19.2m and $20m respectively as they were West African-based private equity funds targeting the SMEs in the region.
It noted that in West Africa, banks and low levels of private equity activity were struggling to meet the financing needs of the SMEs, which was hampering their potential as engines of economic growth in the region…
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News Archive from before July 2018