EIB Global invests USD 75 million in Helios Fund V to support African businesses

The European Investment Bank (EIB Global) has committed $75 million to Helios Investors V, L.P. (Helios Fund V) to support the growth of digital infrastructure, financial services, and technology-focused businesses across Africa. The investment was announced by EIB Vice-President Ambroise Fayolle at the Finance in Common Summit in Cape Town, South Africa.

Helios Investment Partners, the fund’s manager, is the largest private investment firm focused on Africa. The fund will target businesses that align with the EU-Africa Global Gateway Investment Package, supporting sectors such as digital infrastructure, financial services, and tech-enabled services, including healthcare, education, and training. It aims to enhance digital connectivity by investing in data centers, fibre-optic networks, and telecom infrastructure, as well as financial and technology services that facilitate digital payments and financial management.

As part of its commitment to social impact, Helios has pledged to invest at least 30% of its portfolio in companies that meet the EIB’s gender equality criteria. The firm joined the 2X Global network in early 2024, reinforcing its focus on gender-inclusive initiatives such as mentorship programs, leadership training, and increased opportunities for women in senior roles.

The EIB’s investment in Helios Fund V is part of its broader effort to increase private capital flows into Africa, in coordination with other European development finance institutions. Last year, EIB Global invested €232 million in funds operating across the continent, representing nearly half of its total fund investments.

South Africa’s Deputy Minister of Finance, David Masondo, welcomed the investment, emphasizing its role in strengthening business collaboration and mobilizing capital for high-impact sectors. He noted that such initiatives support industrial growth, job creation, and economic resilience.

EIB Vice-President Ambroise Fayolle highlighted Helios’ extensive experience in Africa, describing the firm as a key partner with strong investment networks and a significant local presence. He stated that the investment aligns with the Global Gateway priorities and aims to support value-driven and socially responsible enterprises in Africa.

The investment reflects a broader effort to drive private sector-led economic development in Africa, with private equity firms playing a crucial role in bringing external capital, expertise, and technical support to local businesses.