EBRD Launches First Investments in Emerging Arab Democracies (MENA)
Source: European Bank for Reconstruction and Development | Author: Nibal Zgheib
The European Bank for Reconstruction and Development (EBRD) has announced its first investments in Jordan, Morocco and Tunisia. The EBRD has committed EUR20 million (approximately US$26.2 million) to the Maghreb Private Equity Fund III, a North Africa-focused private equity fund managed by Tunisia-based AfricInvest-TunInvest Group, which is targeting EUR200 million (approximately US$262.4 million) in total commitments. The EBRD has also extended US$30 million and EUR20 million (approximately US$26.2 million) in financing, respectively, to InvestBank of Jordan and Société Générale Marocaine de Banques of Morocco.