EIB, SOS Faim Luxembourg Sign Up for Stake in EU Solidarity Financing Fund for Africa chronicle.lu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chronicle.lu Daily Mail and Mail on Sunday newspapers.
(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
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…