Private equity firm TLG Capital announced on Tuesday, March 30, 2021, that it is partnering with Fidelity Bank to invest US $ 20 million to support Nigerian SMEs. Funding will be primarily intended for structures operating in the health, education and consumer sectors.
This new investment will allow SMEs and other entrepreneurs in the country to obtain loans in the sectors listed. The funds will be channeled through TLG’s Africa Growth Impact Fund (ADIF), to SME development in the country. As a reminder, TLG Capital was committed to financing SMEs and unbanked people through the companies in its portfolio for a total amount of 303 million USD.