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Signature(s)

Amount
€ 5,300,000
Sector(s)
Services : € 5,300,000
Signature date(s)
24/01/2003 : € 5,300,000
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Summary sheet

Release date
20 July 2001
Status
Reference
Signed | 24/01/2003
19990469
Project name
Promoter - financial intermediary
Central Africa Growth Fund (CAGF)
Proparco (Société de promotion et de participation pour la coopération économique - Agence Française de Développement Group)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 8 million
EUR 30 million (size of the Fund)
Description
Objectives

The CAGF will be devoted to equity and quasi-equity financing of private companies or companies currently being privatised, first and foremost in the six countries making up the Economic and Monetary Community of Central Africa (CEMAC) - Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic and Chad

The CAGF will be a promotional tool for the private sector throughout the region. It will also help to mobilise local savings. Lastly, it should help boost regional and national stock markets

Environmental aspects
Procurement

Inapplicable

Inapplicable

Comments

Financial sector

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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).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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