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    Signature(s)

    Amount
    € 4,014,387.47
    Countries
    Sector(s)
    Regional - Africa : € 4,014,387.47
    Services : € 4,014,387.47
    Signature date(s)
    25/10/2007 : € 4,014,387.47
    Link to source
    Data sheet

    Summary sheet

    Release date
    23 October 2007
    Status
    Reference
    Under appraisal | 25/10/2007
    20060099
    Project name
    Promoter - financial intermediary
    AFRICAP II
    AfriCap Investment
    The Forum Building, 12th Floor
    2 Maude St
    Sandton 2146
    South Africa
    To the attention of: Mr. Wagane Diouf, Managing Partner
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 5 million
    Not applicable
    Location
    Sector(s)
    Description
    Objectives

    Equity investment in a regional investment company incorporated in Mauritius dedicated to the creation and acquisition of commercial microfinance companies and banks.

    Achieving a commercially acceptable return in the microfinance area and a social return through the deployment of equity or convertible debt to new or promising microfinance companies in Africa.

    Environmental aspects
    Procurement

    Investee companies to meet minimum environmental standards to be specified and monitored by the Manager of the holding company.

    Not applicable

    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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