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Finnfund, a Finnish development financier and impact investor, has announced a USD 15 million commitment to Metier Capital Growth Fund III.
The fund has a geographic focus on Sub-Saharan Africa and is expected to make eight to twelve equity and equity-related investments into mid-market companies with high growth features in sectors, including ICT and manufacturing amongst others, that benefit from regional economic and demographic trends such as population growth and increased urbanisation, and generate positive impacts.
The fund is also firmly committed to enhancing gender equality both in its investment portfolio and within its own organisation hence for Finnfund, the commitment is classified as a 2X Challenge investment. 2X Challenge is a global...
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