EIB Global Invests $75 million in Helios Fund V to Support Africa's digitally focused businesses

Whats Happening:

The European Investment Bank (EIB Global) has announced a $75 million investment in Helios Investors V, L.P. (Helios Fund V). The fund, managed by Helios Investment Partners, will focus on companies in digital infrastructure, financial services and technology, and tech-enabled service sectors in Africa. This investment aligns with the EU-Africa Global Gateway Investment Package priorities and aims to support the growth of African businesses.

Key Moves:

• EIB Global invests $75 million in Helios Fund V

• Fund to focus on digital infrastructure, financial services, and tech-enabled services in Africa

• Helios commits to investing at least 30% of portfolio in companies meeting EIB gender equality criteria

By The Numbers:

• EIB Global invests $75 million in Helios Fund V

• Helios commits to 30% of portfolio meeting EIB gender equality criteria

• EIB invested €232 million in African funds last year, 49% of total fund investments

Key Quotes:

• "We are happy to be partnering with Helios – an important pan-African equity firm that has been operating in Africa for over two decades, with good access to investment opportunities, and a strong network and local footprint." - EIB Vice-President Ambroise Fayolle

• "Private capital fuels growth, and EIB Global's investment in Helios V showcases innovative financing to unlock Africa's potential." - David Masondo, Deputy Minister of Finance in South Africa

Bottom Line:

EIB Global's $75 million investment in Helios Fund V demonstrates a significant commitment to supporting Africa's digital and tech-enabled businesses. This partnership aims to drive economic development, create jobs, and promote gender equality in the region, aligning with the EU-Africa Global Gateway Investment Package priorities and showcasing the growing focus on private capital flows to Africa.

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