EIB invests €15M in IPAE 3 fund to support African entrepreneurs
- Editor
- Feb 13
- 1 min read
Whats Happening:
The European Investment Bank (EIB) is investing €15 million in the new I&P Afrique Entrepreneurs (IPAE 3) fund to support small and medium-sized enterprises in Africa. This high-impact fund aims to create over 4,000 direct jobs, with at least 40% for women, and focuses on key sectors like agriculture, health, and energy in West Africa and Madagascar.
Key Moves:
EIB invests €15 million in IPAE 3 fund for African SMEs
Fund targets creating 4,000+ jobs, 40% for women
Investment aligns with EU's Global Gateway strategy
By The Numbers:
€15 million investment from EIB in IPAE 3 fund
Expected to create over 4,000 direct jobs
At least 40% of jobs created for women
Key Quotes:
"I am very pleased to have signed this new investment with Investisseurs & Partenaires to support IPAE 3, an innovative and high-impact fund for entrepreneurs in Africa," said EIB Vice-President Ambroise Fayolle.
"We are especially proud to continue our long-term partnership with the European Investment Bank, which began almost 20 years ago," said I&P co-CEO Sébastien Boyé.
Bottom Line:
The EIB's €15 million investment in the IPAE 3 fund demonstrates a strong commitment to supporting entrepreneurship and job creation in Africa, particularly in West Africa and Madagascar. This partnership between EIB and I&P aims to provide crucial financing for SMEs in key sectors, promoting responsible entrepreneurship and women's empowerment while addressing climate change.
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