AVCA Invests $20m in Nigerian And Ghanaian SMEs

African Private Equity & Venture Capital Association (AVCA), a non-profit investment vehicle, has invested $10 million each into the Nigerian and Ghanaian Small and Medium Enterprises (SMEs) industries.

While noting that the company currently has about 1,000 investments across Africa, Ms. Tokunboh Ishmael, the Chief Executive Officer of Alitheia Capital and one of AVCA’s board members, said private equity is crucial for SME sector financing.

“Private equity and venture capital plays a crucial role in financing the SME sector, which is the engine of economic growth the world over,”Tokunboh noted. 

Source: Ventures Africa