Date de publication: 5 mars 2018
Promoteur – Intermédiaire Financier
NOVASTAR VENTURES LTDLieu
Description
The proposed operation consists of an equity participation of up to USD 15 million in a USD 120 million target venture capital fund managed by Novastar Ventures. The Fund will invest in sub-Saharan Africa.
Objectifs
Novastar will back early-stage businesses led by high capacity entrepreneurs seeking to transform low-income consumer markets by deploying innovative business models that satisfy basic human needs and alleviate severe social issues. With the overarching objective of fighting poverty, the Fund's investment sectors will include education, health care, small agri-businesses, and access to food, water and critical information in sub-Saharan Africa.
Secteur(s)
- Services - Activités financières et d'assurance
Montant BEI envisagé (montant approximatif)
USD 15 million (EUR 13 million)
Coût total (montant approximatif)
USD 120 million (EUR 102 million)
Aspects environnementaux
The Fund's operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB.
Passation des marchés
The Fund will be required to ensure that implementation of the underlying projects is done in accordance with the EIB Guide to Procurement.
Statut
Signé - 19/10/2018