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IFC invests $20mln in SPE Capital’s SPE AIF I

The International Finance Corporation (IFC) is investing up to $20 million in SPE AIF I, a fund managed by private equity firm SPE Capital Partners which targets small- and mid-cap companies operating in North Africa, mainly in Egypt, Morocco, and Tunisia.

“With IFC’s support, we hope to not only provide growth capital but also industry and value-creation expertise, which are all currently limited in MENA with focus on North Africa,” said Nabil Triki, Managing Partner and CEO of SPE Capital.

Before IFC’s financing, SPE AIF I received support from investors such as Proparco and the European Investment Bank. In FY2020, the IFC has so far committed nearly $40.5 million to private equity and venture capital funds with the objective of financing companies in the MENA zone.

Read more from source article: https://www.ecofinagency.com/finance/1404-41247-ifc-invests-20mln-in-spe-capital-s-spe-aif-i

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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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