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(AFRICAN EXAMINER) - European Investment Bank (EIB), the long-term lending institution of the European Union (EU) has announced the launch of the new European solidarity financing fund for Africa also known as FEFISOL II. FEFISOL II is making its first closing at of €22.5 million, and a technical assistance package of €1 million euros from
RIYADH: A new European Solidarity Financing Fund for Africa, FEFISOL II, has been launched with a first closing of $24.1 million and a technical support envelope of $1.07 million, according to a statement from the European Investment Bank. The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the
Following the success of the first FEFISOL fund, which closed in July 2021, its promoters, the social investors SIDI (Solidarité Internationale pour le Développement et l'Investissement) and Alterfin, have structured this new fund dedicated to financing African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in Africa. The…