The Kingdom of Spain through the Agencia Española de Cooperación Internacional para el Desarrollo (AECID) has contributed up to EUR 100m to EIB for investment across the Southern Mediterranean region. The EIB will manage the funds on behalf of AECID and seek to invest these resources before the end of 2013 for risk capital activities to the private sector, in particular for the benefit of micro and SMEs. The objective is to make investments, directly or through private equity funds, throughout the region supporting job-creating projects and developing entrepreneurial culture. We would like to invite interested parties to submit eligible projects to the EIB.
EIB-FEMIP: EUR 20 million commitment to the Capital North Africa Venture Fund II
The EIB has committed EUR 20 million to the Capital North Africa Venture Fund II (CNAV II), a Maghreb-focused generalist fund managed by the independent Casablanca-based private equity firm, Capital Invest.