Release date: 21 May 2025
Location
Description
This operation supports the growth of companies in Africa with strong commercial links with Europe, operating in sectors aligned with the EU-Africa Global Gateway Investment Package and the EU priorities in the Southern Neighbourhood and Sub-Saharan Africa. As the EU Bank, the EIB will lead the Team Europe effort to catalyse both private and public sector investors with 80% of the total commitments to the new fund expected to come from EU investors.
Objectives
The aim is to support the growth and institutionalisation of private companies in the Southern Neighbourhood and Sub-Saharan Africa, as well as enhance trade between the EU and small and medium-sized enterprises (SMEs) in the region.
Comments
N/A
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 38 million (EUR 32 million)
Total cost (Approximate amount)
USD 150 million (EUR 129 million)
Environmental aspects
The new fund will operate in line with the EIB's Environmental and Social standards.
Procurement
The fund is expected to comply with EIB's procurement guidelines.
Status
Approved - 27/08/2025