On July 4, Invest International announced a €10 million ($10.8 million) investment in uMunthu II. This investment is part of the fund’s initial closing, supporting the global growth of early-stage and growth-stage startups.

By the end of May 2023, uMunthu II received $57 million in commitments. However, it continues to raise funds with the aim of securing a minimum of €150 million within two years.

For more information, please see https://www.ecofinagency.com/public-management/0607-44703-libya-african-development-bank-government-discuss-strategy-to-bolster-food-security