SIFEM’s regional partner in this investment, Navis Capital Partners, is an established private-equity firm and among the few which are filling this funding gap by providing stable and long-term capital to local companies, which in turn can help boost economic growth and development in the region. Also, the co-investment structure – with SIFEM, Norfund (Norway) and the World Bank’s IFC featuring as co-investors – is a promising way to channel mainstream investors’ capital to higher risk geographies, particularly LDCs. The overall size of the Sub-Fund is USD 150 million.
The Sub-Fund will focus on generalist yet competitive sectors, including education, healthcare, consumer goods and retail. The investment is expected to contribute to sustainable job creation across the region as well as to the mobilisation of private capital. Also, the investment is expected to make a contribution to gender equality.
Contact : Simon Denoth, SIFEM Head of Public Affairs, +41 31 310 09 38, sdenoth @obviam.ch