TLG announces up to US$20M Investment Agreement with Fidelity Bank Nigeria
TLG Capital announced yesterday that it would be investing with Fidelity Bank Plc an amount of up to US$20M. Through TLG’s Africa Growth Impact Fund (AGIF), the investment would be channeled towards the development of Small Medium Enterprises (SMEs) focused on healthcare, education, and consumer sectors amongst others in the country.
Fidelity Bank Plc has over the years, remained at the forefront of SME development in Nigeria as exemplified by its provision of innovative funding options and other forms of relevant support to budding and established entrepreneurs. Both organizations recognize the important role of SMEs play in driving economic development.
As a reputable financial institution, Fidelity Bank Plc understands the importance of gender diversity and its positive correlation with economic growth. To this end, the bank has invested significantly in women-led businesses given that it outperforms male-led enterprises from a volatility and headline risk standpoint.
These are core values at TLG, making the partnership with Fidelity an exciting one from a social as well as a commercial perspective.
Source: Further Africa