The Board of Directors of the African Development Bank (AfDB) Group has
approved today, 23 June 2010, in Tunis, an equity investment of USD 50
million in the 8 Miles Fund which aims to invest equity and quasi equity
in Greenfield and Brownfield projects in Africa.
The 8 Miles Fund is a first generation multi-sector Pan-African private
equity fund with a target endowment of USD 750 million. A majority of
the Fund’s investments will be in existing companies who… Continue