The International Finance Corporation (IFC) is set to invest Sh10.4 billion (€70 million) in Pan-African fund manager Amethis Fund III for onward capital deployment in mid-sized companies in Africa including Kenya.
IFC said it will place an equity investment of Sh5.94 billion (€40 million) into the fund and Sh4.45 billion (€30 million) as co-investment from a pool of other financiers.
