Search En menu ClientConnect
Close ClientConnect
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
    Most visited pages

        TLCOM TIDE AFRICA FUND

        Signature(s)

        Amount
        € 8,760,402.98
        Countries
        Sector(s)
        Regional - West Africa : € 8,760,402.98
        Services : € 8,760,402.98
        Signature date(s)
        14/07/2017 : € 8,760,402.98
        Link to source
        Data sheet
        TLCOM TIDE AFRICA FUND
        Other links
        Summary sheet
        TLCOM TIDE AFRICA FUND

        Summary sheet

        Release date
        1 June 2016
        Status
        Reference
        Signed | 14/07/2017
        20160092
        Project name
        Promoter - financial intermediary
        TLCOM TIDE AFRICA FUND
        SPECIAL PURPOSE ENTITY(IES)/FUND
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        USD 10 million (EUR 12 million)
        USD 100 million (EUR 116 million)
        Location
        Sector(s)
        Description
        Objectives

        Equity participation in TLcom TIDE Africa Fund, a new venture capital fund managed by TLcom Capital LLP, focusing on technology opportunities in Sub-Saharan Africa (mainly Kenya, Nigeria and Ghana), at the start-up and expansion stages.

        The fund aims to generate a substantial return on investment for its investors coupled with a significant developmental impact, given (i) its focus on businesses providing innovative and affordable solutions for the base of the pyramid; (ii) its potential to create quality jobs; (iii) its provision of seed and early stage financing to African companies; and (iv) its technical support to innovative businesses.

        Environmental aspects
        Procurement

        The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

        Not applicable.

        Link to source
        Summary sheet
        TLCOM TIDE AFRICA FUND
        Other links
        Data sheet
        TLCOM TIDE AFRICA FUND

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        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.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        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.

        Zero tolerance against fraud and corruption

        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.

        Related publications