European Investment Bank pumps Sh3.5bn in Amethis, eyes small firms

European Investment Bank (EIB) Vice President, Thomas Östros.

European Investment Bank (EIB) Vice President, Thomas Östros. 

Photo credit: File | Nation Media Group

European Investment Bank has invested €25 million (Sh3.5 billion) in Amethis Fund III, a pan-African fund providing private equity growth capital to medium-sized firms on the continent, including Kenya.

Amethis Fund III will target companies supplying goods and services to low and middle-income populations in Africa.

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