The Small and Medium Enterprises (SMEs) sector has attracted $10 million investment in the past 18 months from African Private Equity & Venture Capital Association (AVCA).
AVCA is a non-profit association, which aims to promote, develop and stimulate private equity and venture capital in Africa through research, advocacy, training and networking. AVCA was established to promote investment in Africa and to play a crucial role in the development of SMEs.Speaking in Lagos, a board member of AVCA, Ms. Tokunboh Ishmael, said apart from $10 million invested in Nigerian SMEs, the group also invested $10 million in some SMEs in Ghana as well.