EIB Global invests $37.5 million in Alta Semper Fund II to boost the growth of pharmaceutical and healthcare companies in Africa
Luxembourg, Jan. 14 -- The European Investment Bank (EIB), through its development arm - EIB Global, is investing $37.5 million in Alta Semper Fund II to support the growth of pharmaceutical and healthcare companies across Africa, including medical equipment and technologies. Targeting primarily North Africa (around 70%) and, to a lesser extent, sub-Saharan Africa (about 30%), the fund will strengthen innovation and sustainability in the life sciences sector while deepening EU-Africa trade relations.The signature took place at an event in Cairo attended by Minister of Planning, Economic Development, and International Cooperation of Egypt H.E. Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, CEO of Alta Semper Capital Afsane Jetha, a...
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