Signature(s)
Amount
€ 4,000,000
Sector(s)
Services
: € 4,000,000
Signature date(s)
21/12/2004 : € 4,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
23 March 2004
Status
Reference
Signed | 21/12/2004
20030148
Project name
Promoter - financial intermediary
AfricInvest North Africa Fund
- Netherlands Development Finance Company (FMO) - Mr Henk Nijland.
- Tuninvest Finance Group - Mr Ziad Oueslati.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 4 million.
EUR 25 million – an amount taking account of the overall AfricInvest project, which is split between three investment funds.
Location
Sector(s)
Description
Objectives
Creation of a 10-year investment fund for the purpose of taking short-term equity or quasi-equity participations in Maghreb country enterprises in a co-financing partnership with the regional fund (Maghreb - sub-Saharan Africa AfricInvest Fund).
Contributing to the development of some fifteen enterprises or groups of enterprises in the target region; supporting investment capital activity in the Maghreb; obtaining for investors an internal rate of return of 13 to 15% per annum upon liquidation of the fund.
Environmental aspects
Procurement
The fund will invest only in enterprises complying with environmental standards meeting the Bank's criteria and will satisfy itself of compliance with these standards throughout the term of the investment.
N/A
Link to source
Summary sheet
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News & Stories
Link to source
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