DEG has announced an increase in its investment in Mediterrania Capital IV Mid-Cap, a private equity fund managed by Mediterrania Capital Partners. The additional EUR 15 million brings DEG's total investment to EUR 25 million. This fund targets key sectors vital for economic growth in North Africa and French-speaking West African markets.
The investments from the fund are projected to create over 1,500 jobs and contribute significantly to regional economic development, with an estimated generation of approximately EUR 800 million in local income. Notably, Mediterrania Capital IV is recognized as a "2X Challenge" qualified fund, which emphasizes promoting women's roles in business.
Beyond financial support, DEG offers Business Support Services (BSS) through its subsidiary DEG Impulse. These services have already supported several initiatives aimed at enhancing climate performance within Mediterrania Capital Partners' portfolio companies. Such initiatives include creating CO₂ balance sheets across supply chains, implementing measures to reduce emissions, conducting energy efficiency assessments, and expanding the use of renewable energies.
These efforts have enabled portfolio companies to adopt sustainable strategies and reduce emissions effectively. Plans are underway for another BSS initiative focused on climate protection, gender equality, and ESG-related projects for the new fund.
DEG's involvement aims to foster sustainable growth in Africa while assisting companies in becoming more resilient and environmentally conscious.