Amethis Finance Completes First Equity Transaction by Investing in Chase Bank (Sub-Saharan Africa)

Source: Amethis Finance

Amethis Finance, a Luxembourg-based, Africa-focused investment firm, has invested US$10.5 million in Kenya’s Chase Bank. The deal represents Amethis Finance’s first equity investment and follows the December 2012 US$140 million first close of its maiden fund. Chase Bank, which specializes in lending to Kenyan SMEs, plans to use the investment to strengthen its market position and build out its retail network.