Fidelity Bank, TLG Capital plan $20 million investments in Nigerian SMEs

TLG Capital, a private equity firm has announced that it would be investing along with Tier-2 bank- Fidelity Bank Plc, an amount to the tune of $20 million on Small and Medium Enterprises (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.

This new investment is in line with the bank’s move to provide innovative funding options and other forms of relevant support to entrepreneurs in the country.

(Nairametrics)

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