AfDB and Italy Back North Africa Fund for Mid-Market Expansion

The African Development Bank has committed $15 million to the RMBV North Africa Fund III, joining forces with Italy’s Cassa Depositi e Prestiti to inject capital into regional mid-sized enterprises. This initiative aims to scale businesses in essential sectors like healthcare, education, and finance to stimulate job creation and service accessibility.

Editorial·August 17, 2026·reads: 1,880

AfDB and Italy Back North Africa Fund for Mid-Market Expansion

The capital infusion is designed to support companies that offer more than just financial returns. Beyond the $15 million equity stake, the fund provides managerial expertise to help mid-market firms navigate the complexities of rapid growth. By targeting consumer goods and services, the program seeks to strengthen the private sector's role in local economies while improving the availability of quality products for households.

Italy’s $20 million contribution, channeled through the Growth and Resilience Platform for Africa (GRAf), underscores a strategic alignment with the Mattei Plan. This partnership focuses on fostering economic cooperation and sustainable development across the region. By combining international development resources with professional operational guidance, the fund intends to turn local business expansion into a broader engine for employment and infrastructure development across North Africa.