MICROCAPITAL BRIEF: Invest International Places $11m in Equity Fund uMunthu II to Support Rapidly Expanding SMEs in Africa

Netherlands-based Invest International recently committed EUR 10 million (USD 10.9 million) to the uMunthu II equity fund of Netherlands-based Goodwell Investments and Nigeria-based Alitheia Capital. The goal of uMunthu II is to generate market-rate returns by helping fast-growing small and medium-sized enterprises (SMEs) in Africa