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Signature(s)

Amount
€ 43,096,017.93
Sector(s)
Services : € 43,096,017.93
Signature date(s)
15/10/2021 : € 43,096,017.93
Link to source
Other links
Summary sheet

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

Link to source
Summary sheet
Other links

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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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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