JICA signs USD 10 million agreement with Dolma Impact Fund


Kathmandu, December 21

Japan International Cooperation Agency (JICA) signed a USD 10 million investment agreement with Dolma Impact Fund II (DIF II), a Private Equity (PE) fund managed by Dolma Fund Management (DFM).

JICA’s investment will be mainly utilised for equity investment in healthcare companies, IT/Digital companies, and renewable energy projects in Nepal.

JICA is co-investing alongside Development Financial Institutions (DFIs)  such as the FMO, the Dutch entrepreneurial development bank; British International  Investment, the UK’s development finance institution and impact investor; Swedfund, the  Swedish development finance institution; the International Finance Corporation (IFC); and the United States International Development Finance Corporation (DFC).

JICA’s investment is part of the final close of DIF II, which brings the fund corpus to USD 71.96 million. 

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