Investment funds in local SMEs - Proposed transaction - LoftyInc Alpha Fund

LoftyInc Alpha Fund, LLC is a 10-year closed-end venture capital investment fund targeting startups in Nigeria, Kenya, Egypt and Francophone Africa. The objective of the fund is to invest in seed stage technology and technology enabled businesses across sectors that drive economic growth. LoftyInc Alpha Fund, LLC will provide capital to entrepreneurs to contribute to at least one of the six SDGs targeted by the fund (jobs, reduced inequalities, infrastructure, gender, climate and healthcare).