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.
Someone shares this article with you
▪ 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.
▪ https://www.africabusinessplus.com/en/804768/wdb-womens-development-business-de-lex-premiere-dame-zanele-mbeki-lance-un-vehicule-a-170-millions/
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.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.