Signature(s)
Amount
€ 6,283,108.01
Sector(s)
Services
: € 6,283,108.01
Signature date(s)
22/12/2018 : € 6,283,108.01
Link to source
Data sheet
Other links
Summary sheet
Release date
21 February 2018
Status
Reference
Signed | 22/12/2018
20180113
Project name
Promoter - financial intermediary
INSIDE EQUITY FUND
INSIDE CAPITAL PARTNERS LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 14 million (EUR 12 million)
USD 60 million (EUR 51 million)
Location
Sector(s)
- Services - Financial and insurance activities
Description
Objectives
The project consists of an equity participation in a closed-end private equity fund focusing on investments in small and medium-sized enterprises (SMEs) active in south-eastern Africa, with a focus on Zambia, Madagascar, Mauritius, Malawi, Mozambique and Tanzania. The Fund is generalist in terms of sectors.
This operation will improve competitiveness and access to finance at favourable conditions for SMEs in the region.
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.
Comments
N/A
Related projects
Link to source
Summary sheet
Other links
Data sheet