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Signature(s)

Amount
€ 4,014,387.47
Sector(s)
Services : € 4,014,387.47
Signature date(s)
25/10/2007 : € 4,014,387.47
Link to source
Data sheet

Summary sheet

Release date
23 October 2007
Status
Reference
Under appraisal | 25/10/2007
20060099
Project name
Promoter - financial intermediary
AFRICAP II
AfriCap Investment
The Forum Building, 12th Floor
2 Maude St
Sandton 2146
South Africa
To the attention of: Mr. Wagane Diouf, Managing Partner
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 5 million
Not applicable
Location
Sector(s)
Description
Objectives

Equity investment in a regional investment company incorporated in Mauritius dedicated to the creation and acquisition of commercial microfinance companies and banks.

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.

Environmental aspects
Procurement

Investee companies to meet minimum environmental standards to be specified and monitored by the Manager of the holding company.

Not applicable

Link to source
Summary sheet

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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