The International Finance Corporation (IFC), a World Bank Group (WBG) financing arm, stated last Wednesday that it will make an equity investment of up to €25 M in the Mediterrania Capital Partners’ Mediterrania MC IV fund, with the possibility of investing another €20 M later on, according to “Ahram Online” website.
The IFC announced during its Vice President Sérgio Pimenta’s two-day visit to Cairo, which concluded last Tuesday.
The IFC said the equity investment is meant to support the development of medium-sized companies in Africa, with a special focus on firms run or led by women.
The Mediterranean MC IV fund will invest at least 25% of its capital in businesses owned or led by women. In the Middle East and Africa, only 6% of all private equity capital is allocated to women-led businesses.
Founded in 2013, Mediterrania Capital Partners is a private equity firm headquartered in Malta. It focused on growth investments in small and medium-sized enterprises (SMEs) and mid-cap companies in Africa.
