The EIB has invested €20 million in the Amethis Europe Expansion fund to support the growth of European SMEs in Africa, enhancing economic ties and promoting sustainable development.

Information on the Target

The European Investment Bank (EIB) has invested €20 million in the Amethis Europe Expansion fund, aimed at supporting the growth of European small and medium-sized enterprises (SMEs) in Africa as well as in Europe and the Middle East. This investment reinforces the EIB's commitment to enhancing economic ties between Europe and Africa, facilitating private sector development, and promoting sustainable and inclusive growth.

This initiative will provide growth capital and strategic support to SMEs as they seek to establish a local presence in Africa through various means such as exports, partnerships, acquisitions, or direct investments. With a final capital of €143 million, the fund enjoys significant backing from European partners, including institutional private investors and development banks like Bpifrance and COFIDES, as part of the Team Europe initiative.

Industry Overview in the Target’s Specific Country

Europe and Africa are at a pivotal juncture regarding economic cooperation, especially in supporting SMEs, which are the backbone of both economies. The EU has recognized the importance of enhancing these ties through sustained investme