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

    Signature(s)

    Amount
    € 11,503,406.77
    Countries
    Sector(s)
    Regional - Southern Africa : € 3,451,022.03
    Regional - East Africa : € 8,052,384.74
    Services : € 11,503,406.77
    Signature date(s)
    22/12/2021 : € 3,451,022.03
    22/12/2021 : € 8,052,384.74

    Summary sheet

    Release date
    25 April 2019
    Status
    Reference
    Signed | 22/12/2021
    20180670
    Project name
    Promoter - financial intermediary
    OKAVANGO CAPITAL
    ACCEPTABLE CORPORATE(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 20 million (EUR 18 million)
    USD 75 million (EUR 67 million)
    Location
    Sector(s)
    Description
    Objectives

    The proposed operation concerns an equity participation in an impact fund aiming to generate commercial return, nature conservation and rural livelihood improvements through investments in innovative businesses in East and Southern Africa.

    The proposed operation concerns an equity participation of up to USD 20m (or its EUR equivalent) in Okavango Fund L.P. (the "Fund"), an impact fund aiming to generate commercial returns, nature conservation and rural livelihood improvements by investing in small and medium-sized enterprises (SMEs) in East and Southern Africa. The Fund will target investments in the food security, climate technologies, and domestic nature tourism sectors across Kenya, Uganda, Rwanda, Tanzania and Zambia. The Fund targets to raise EUR 75m, and plans to hold a first close in Q2/Q3 2019. By contributing to private sector development and improving access to finance for SMEs, the proposed operation is in line with the priorities of the Cotonou Agreement, the EU Agenda for Change (the basis for EU's development policy) and the Joint EU-Africa Strategy. Private sector development is also a key priority in the national development strategies in several of the concerned countries. The proposed operation is expected to contribute towards a number of community, conservation and commercial Sustainable Development Goals (SDGs), notably SDG 6 "Clean water and sanitisation", SDG 8 "Decent work and economic growth", SDG 12 "Responsible consumption and production", SGD 14 "Life below water", SGD 15 "Life on land" and SGD 5 "Gender equality".

    Environmental aspects
    Procurement

    The Bank will ensure that the project meets the social and environmental standards of the EIB and that the fund's operational guidelines provide for complete environmental and social due diligence of investee companies.

    N/A

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - OKAVANGO CAPITAL
    Publication Date
    25 Sep 2019
    Document language
    Main Topic
    Lending
    Document Number
    86840269
    Document Focus
    Environmental Information
    Project Number
    20180670
    Sector(s)
    Publicly available
    Download now

    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