Author: Szymon Jagiello

With nearly €800 million invested in less than a year, the European Bank for Reconstruction and Development (EBRD) is building its presence in sub-Saharan Africa. In an interview with Financial Afrik, Heike Harmgart, the Bank’s Managing Director for the region, discusses its first investments, support for small businesses and ambitions for private sector growth. By Szymon Jagiello What prompted the EBRD to expand into sub-Saharan Africa? Heike Harmgart: Our expansion builds on more than a decade of experience in North Africa, where we now invest around €2 billion a year. That experience demonstrated the strength of our model: supporting private…