It is a very good one, TLG Capital, a UK-based investment institution is partnering with Fidelity Bank Plc to invest in SMEs in Nigeria. The ticket size is $20 million and it is largely agnostic of sectors with education, consumer businesses, healthcare, logistics and transportation represented. TLG Capital will be represented by TLG Africa Growth Impact Fund (ADIF), its Africa investment vehicle.
Fidelity is the name and we are hoping it makes it flexible for SMEs by demanding limited collateral. If that cannot happen, nothing big will happen.
Private Equity firm, TLG Capital has announced that it would be investing together with Fidelity Bank Plc, an amount to the tune of $20 million on SMEs in Nigeria.
The funds will be channelled through TLG’s Africa Growth Impact Fund (ADIF), towards the development of SMEs in the country. Notably, the fund will be directed to SMEs that are focused on healthcare, education, consumer sectors, amongst others.
Click to join Tekedia Capital Syndicate and build Next Africa with a minimum of $10,000 co-investment in startups.