|
|
Article: Emerging Capital Partners Invests in African Microfinance Institution.
- Article from:
- PR Newswire
- Article date:
- June 4, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Investment represents ECP's seventh commitment to growing African financial services sector
WASHINGTON, June 4 /PRNewswire/ -- Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, today announced a $15 million investment in Blue Financial Services Ltd., a non-deposit taking micro lender serving 10 countries in sub-Saharan Africa. ECP's investment, made in the form of convertible bonds and common shares, is part of Blue Financial's ongoing capital raising program to generate working capital and expand operations. The company is listed on the Alternative Exchange Index of the JSE Securities ...