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EG Capital is happy to announce that the Prosper Africa Catalytic Funding Facility, with further funding from USAID in East Africa and Zambia, has joined as a brand new accomplice within the EG-Financial Empowerment Fund. This collaboration underscores EG Capital’s steadfast dedication to fostering financial progress and sustainable improvement in East Africa and Zambia.
The EG-Financial Empowerment Fund, with a goal of US$100 million in commitments, boasts a various pool of capital, together with substantial contributions from institutional buyers similar to household workplaces, pension funds, banks, and sovereign wealth funds, in addition to native African institutional buyers.
The alignment of EG Capital’s efforts with the Prosper Africa Catalytic Funding Facility, which supplies financing to African asset managers and monetary automobiles which have a pipeline of growth-oriented companies, signifies a momentous step ahead in catalysing larger funding in African entrepreneurs and small companies. The partnership with Prosper Africa and USAID within the EG-Financial Empowerment Fund demonstrates a shared dedication to empowering medium-sized companies throughout pivotal sectors in meals, local weather, well being and schooling.
Talking on the brand new partnership, Sandrine Henton Managing Director at EG Capital mentioned, “We’re actively pursuing collaborations with top-tier sponsors to spend money on fast-growing and revolutionary companies in meals, local weather, well being and schooling sectors throughout East Africa and Zambia.
“Our enthusiasm is aware of no bounds as we develop our current partnerships and forge new connections with buyers who share our imaginative and prescient, aiming to attain not solely compelling monetary returns but in addition tangible, constructive transformation in these resilient, high-growth sectors. We’re agency believers that investing on the intersection of gender empowerment and local weather motion holds the important thing to unlocking further worth, particularly in benefitting the lives of girls and youth.“
EG Capital’s complete strategy, characterised by non-public fairness investments, cross-sector collaboration, and partnerships with initiatives such because the Prosper Africa Catalytic Funding Facility, exemplifies a visionary technique geared toward championing sustainable financial improvement, gender parity, and resilience in East Africa and Zambia.
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