The proposed operation consists of an equity participation in Partech Africa II ("the Fund"), a venture capital fund focusing on start-ups and high-growth small and medium-sized enterprises (SMEs) active in the digital and technology sectors in Africa.
The operation concerns a participation in Partech Africa Venture Capital Fund II, a closed-end venture capital fund. The fund will target local start-ups led by young and local entrepreneurs in the digital and technology sectors in Africa. The fund is the successor fund of Partech Africa Fund I, in which the EIB invested in 2017. The first fund has been successfully deployed and the new fund will pursue a similar strategy, leveraging on the strong team's knowledge and experience. As proven in the past, the fund manager will create value through a hands-on management approach, driving the growth and profitability of investee companies and enhancing enterprise skills, governance as well as environmental and social standards.
The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.
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.
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.