OeEB invests EUR 7 million in Adenia Capital (IV) LP, a fund which provides equity capital for small and medium-sized enterprises (SME) in Sub-Saharan Africa.
Small and medium-sized enterprises (SME) make up the majority of the private sector and therefore play a crucial role in the further economic development of Sub-Saharan Africa. However, these companies often lack the know-how and finance necessary to grow sustainably. Especially their access to equity capital is limited.
Adenia Capital provides equity capital as well as management support and know-how to local companies and thus helps them make full use of their growth potential. This contributes to securing and creating jobs. Moreover, the know-how provided by Adenia Capital ensures the sustainability of the fund's investments.