In September 2018, OeEB signed a EUR 6 million equity investment with the Maghreb Private Equity Fund IV (MPEF IV), a fund which invests in small and medium-sized enterprises in Northern Africa.

Project name

Maghreb Private Equity Fund IV LLC (MPEF IV)

Region

MENA (Middle East and Northern Africa)

Sector

Financial sector / Microfinance / SME

Service

Equity Participations

Project country Morocco, Tunisia, Algeria, Egypt
OeEB project volume

EUR 6 million

Fund domicile

Mauritius

Projekt partner(s) Maghreb Private Equity Fund IV LLC (MPEF IV)

Maghreb Private Equity Fund IV (MPEF IV) is a 10-year fund managed by AfricInvest, with a target size of EUR 200 million. AfricInvest was founded in 1994 and is among the leading private equity firms in North and Sub-Saharan Africa.

The fund's objective is to promote small and medium enterprises (SMEs) in North Africa, including Algeria, Egypt, Morocco, and Tunisia, that are well-established in their local markets and demonstrate strong potential for growth. The fund will focus on several sectors, including IT and telecoms, FMCG, healthcare, education, logistics, agribusiness and financial and business services.

Supporting these businesses with finance and management expertise to expand contributes to the development and stabilization of the North African region and helps to create jobs in a region where youth unemployment is particularly high.