Signature(s)
Amount
€ 28,553,883.94
Sector(s)
Servicii
: € 28,553,883.94
Signature date(s)
16/08/2010 : € 28,553,883.94
Other links
Summary sheet
Release date
10 March 2010
Status
Reference
Signed | 16/08/2010
20090334
Project name
Promoter - financial intermediary
Africa Bank Capitalisation Fund
IFC Asset Management Company
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to USD 40 million.
Up to USD 200 million.
Location
Sector(s)
Description
Objectives
The Africa Bank Capitalisation Fund (“The Fund”) is a USD 200 million (target). closed-end private equity fund set up as a joint IFI response to (i) address the needs of private commercial banks in Africa resulting from the difficult operating environment instigated by the global financial crisis and (ii) to prevent future crises from developing.
The Fund will have a counter-cyclical strategy aimed at providing systemic banks with a sound core business with critically needed and stabilising capital resources and speed up the economic recovery.
Environmental aspects
Procurement
The Fund’s operational guidelines provide for environmental and social impact assessment in accordance with the Bank’s policies.
Not applicable
Other links