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    Signature(s)

    Amount
    € 43,096,017.93
    Countries
    Sector(s)
    Regional - Africa : € 43,096,017.93
    Services : € 43,096,017.93
    Signature date(s)
    15/10/2021 : € 43,096,017.93

    Summary sheet

    Release date
    13 October 2020
    Status
    Reference
    Signed | 15/10/2021
    20190728
    Project name
    Promoter - financial intermediary
    AFRICINVEST FUND IV
    SPECIAL PURPOSE ENTITY(IES)/FUND
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 50 million (EUR 41 million)
    USD 400 million (EUR 328 million)
    Location
    Sector(s)
    Description
    Objectives

    Equity participation in AfricInvest Fund IV (the "Fund"), a pan-African, generalist, closed-ended private equity fund targeting mainly growth capital investments in small and medium-sized companies. The Fund will be managed by AfricInvest (the "Manager").

    The investment strategy builds on the one that has been adopted in three predecessor funds. The Fund aims to build a diversified pan-African portfolio of private equity investments in growing and profitable companies with emphasis on those that are leaders in local markets across Africa. The Fund will adopt a hands-on approach by seeking to acquire influential positions through minority stakes with strong protections and selective majority transactions. It will seek to add value by enhancing governance mechanisms and helping portfolio companies to expand in new markets.

    Environmental aspects
    Procurement

    The Fund will operate in line with the EIB's environmental and social standards.

    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).

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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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    Complaints mechanism

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    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.

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