Release date: 23 October 2007
Promoter – Financial Intermediary
AfriCap InvestmentThe Forum Building, 12th Floor
2 Maude St
Sandton 2146
South Africa
To the attention of: Mr. Wagane Diouf, Managing Partner
Location
Description
Equity investment in a regional investment company incorporated in Mauritius dedicated to the creation and acquisition of commercial microfinance companies and banks.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 5 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Investee companies to meet minimum environmental standards to be specified and monitored by the Manager of the holding company.
Procurement
Not applicable
Status
Under appraisal - 25/10/2007
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).