MARKET DEVELOPMENT

• Driving development on the African continent: Access to private capital is critical for local enterprises that face challenges obtaining risk capital. The continent will require an estimated USD 1.6T by 2030¹ in financing to achieve significant sustainable development progress². AF III 
  empowers African companies with the capital they need to scale their operations and improve local goods and services provision, thus fostering economic development in the region.
• Supporting inclusive and sustainable business operations: In addition to capital extension, Amethis provides tailored action plans to portfolio companies, enabling them to improve their ESG management systems, optimize their governance, promote gender equality, and reduce their carbon footprint.
• Supporting formal employment opportunities across Africa: The Fund’s value‑creation strategy emphasizes the need for the formalization of the African labour market. Through its client‑level action plans, Amethis promotes job creation, fair wages, training opportunities, and the provision of health insurance to all employees across portfolio companies. Through predecessor funds, Amethis has supported over 40,000 jobs since inception, of which 9,000 have been net direct jobs created. In 2022 alone, it enabled over 79,000 hours of training and improved the provision of health insurance to 1.1 million African employees.

GENDER EQUALITY:

• Supporting women’s economic empowerment in Africa: Amethis encourages all its investees to set objectives in line with the 2X Criteria, through action plans focusing on greater targets for women’s representation in the workforce and leadership; and on establishment of gender‑inclusive employment policies. Additionally, AF III commits to at least 30% of the fund’s portfolio companies being 2X‑aligned at origination.

¹ Africa’s Development Dynamics 2023 | African Union Commission
² Agenda 2063: The Africa We Want, is Africa’s blueprint and strategic framework to deliver on its goal for inclusive and sustainable development towards the attainment of the Pan African Vision of An integrated, prosperous and peaceful Africa, driven by its own citizens, representing a dynamic force in the international arena.