European financing fund for Africa launched with first closing of $24.1m 

RIYADH: A new European Solidarity Financing Fund for Africa, FEFISOL II, has been launched with a first closing of $24.1 million and a technical support envelope of $1.07 million, according to a statement from the European Investment Bank. 

The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the continent.