In December 2024, OeEB invested EUR 4 million of its own funds, secured by a federal guarantee from the Ministry of Finance, in Amethis Fund III SCA, SICAV-RAIF. The fund invests in small and medium-sized enterprises (SMEs) in North Africa and Sub-Saharan Africa.
| Project name | Amethis Fund III |
| Region | Africa |
| Sector | Financial sector / Microfinance / SME |
| Service | Private Equity |
| OeEB project volume | EUR 4 million |
| International climate finance according to UNFCCC | No |
| Additionality | Financial additionality |
| Fund domicile | Luxembourg |
| Project partner(s) | Amethis Fund III S.C.A. SICAV-RAIF |
The fund is targeting 10 to 12 investments with ticket sizes of EUR 25 million to EUR 40 million in the infrastructure and energy sectors, health services as well as production and sales. The geographical focus is on North Africa and sub-Saharan Africa, including countries such as Kenya, Cote d'Ivoire, Senegal, Morocco and Egypt.
Amethis is an established fund manager in Africa with a large local presence. It not only supports its portfolio companies with long-term equity, but also actively pursues approaches to increase the value of the companies, e.g. in the areas of recruiting, ESG and governance.
Amethis III is also a signatory to the 2X Challenge and aims to achieve gender equality in its portfolio companies as well as at fund level.