IFC invests in Mediterrania MC IV fund

The IFC has said it will invest up to EUR 25mn in Mediterrania Capital Partners’ Mediterrania MC IV fund, with the option of investing an additional EUR 20mn. The fund will invest in SMEs in Africa with a focus on firms that are run or led by women.

Regional & Sector remit
MC IV will primarily focus on North Africa but 25% of the fund’s allocation has been earmarked for investment in West and Central Africa. Relevant companies are those seeking expansion capital and have an annual turnover of between EUR 20mn and EUR 300mn. Relevant sectors are healthcare, FMCG, financial services and manufacturing.

The fund will invest at least 25% of its capital in businesses owned or led by women in both the Middle East and Africa.

MC IV aims to raise a total of EUR 350mn.