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Multinational - Investisseurs et partenaires afrique entrepreneurs II (IPAE II) - Project Summary Note

13-aoû-2019

The Board of Directors of the African Development Bank has approved an equity investment of € 7 million into Investisseurs & Partenaires Afrique Entrepreneurs 2 (“IPAE.2”). IPAE.2 is a 10- year impact fund, targeting € 90 million total capitalization to invest into 30 to 40 small and medium-sized enterprises (SMEs) in Sub-Saharan Africa. The main target sectors include healthcare, agribusiness, financial services, education, consumer and retail

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