Capital Market & Private Equity
Former First Lady Zanele Mbeki’s WDB (Women’s Development Business) launches $170m fund

Former First Lady Zanele Mbeki’s WDB (Women’s Development Business) launches $170m fund

With a target of $170m, the South African organisation has big ambitions for its latest fund in support of women-led businesses on the continent.

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            ▪ Former First Lady Zanele Mbeki’s WDB (Women’s Development Business) launches $170m fund

▪ With a target of $170m, the South African organisation has big ambitions for its latest fund in support of women-led businesses on the continent.

http://www.jeuneafriquebusinessplus.com/en/804768/wdb-womens-development-business-de-lex-premiere-dame-zanele-mbeki-lance-un-vehicule-a-170-millions/

22/06/2020 at 20h34, by Aurélie Benoit

WDB Investment Holdings’ new fund will support the growth of companies in sub-Saharan Africa that meet the criteria of the 2X Challenge, a programme launched last year by DFIs in G7 countries to support gender equality. Tickets will be for minority stakes – up to 49% with allocation of board seats – in firms led by women or whose activities meet the needs of women on the continent. Companies must also have a minimum capital of 500m rand (€26m) to be eligible.

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