Microfinance Private Equity

Investment firms float $50m microfinance fund for Nigeria, Ghana

Alitheia Capital, in collaboration with its partners- Goodwell Investments BV and Ghana-based JCS Investments, yesterday, announced a $50 million (N7.4 billion)fund, aimed at lifting microfinance institutions (MFls) in Nigeria and Ghana.

The fund is expected to increase to $500 million (N74 billion) in future, as Alitheia and its partners expand their scope to other parts of West Africa.Representatives of the firms explained in Lagos that Nigeria and Ghana were chosen because of “their big economies”.

Read the rest on NGR Guardian News

Nigeria Image-credit:wikipedia.org

Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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