Amethis Finance and ERES Agree to Invest US$35 Million in Fidelity Bank Ghana (Sub-Saharan Africa)
Source: Amethis Finance
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and Edmond de Rothschild Europportunities Management II (ERES), a subsidiary of private banking and asset management group Edmond de Rothschild Group, have agreed to invest US$35 million in Ghana-based commercial bank Fidelity Bank Ghana for a minority stake. The investment will be made alongside South Africa-based investment company Kagiso Tiso Holdings. Fidelity Bank Ghana intends to use the new financing to strengthen its capital base and fuel its growth and expansion plans. This transaction is subject to the Bank of Ghana’s approval and other closing conditions.