FMO’s MASSIF invests US$0.3m in Women’s Investment Club for economic growth of Africa

WEST AFRICA – MASSIF, the financial inclusion fund managed by FMO on behalf of the Dutch government, has made a follow-on investment of €0.25 million (US$0.3m) in Women’s Investment Club (WIC) Capital. Launched in March 2019 by the Women’s Investment Club (WIC) Sénégal, WIC Capital is the first investment fund that exclusively targets women-led companies in Senegal and Côte d’Ivoire. The Fund brings together both local and international institutional and individual investors, who pool their resources to invest in women-owned Micro Small and Medium Enterprises (MSMEs) in Senegal and Côte…

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