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Summary sheet

Release date
21 May 2025
Status
Reference
Under appraisal | 23/04/2025
20250253
Project name
Promoter - financial intermediary
EU-AFRICA ADENIA ENTREPRENEURIAL GROWTH FUND
SPECIAL PURPOSE ENTITY(IES)/FUND
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 38 million (EUR 33 million)
USD 150 million (EUR 133 million)
Location
Sector(s)
Description
Objectives

This operation supports the growth of companies in Africa with strong commercial links with Europe, operating in sectors aligned with the EU-Africa Global Gateway Investment Package and the EU priorities in the Southern Neighbourhood and Sub-Saharan Africa. As the EU Bank, the EIB will lead the Team Europe effort to catalyse both private and public sector investors with 80% of the total commitments to the new fund expected to come from EU investors.

The aim is to support the growth and institutionalisation of private companies in the Southern Neighbourhood and Sub-Saharan Africa, as well as enhance trade between the EU and small and medium-sized enterprises (SMEs) in the region.

Environmental aspects
Procurement

The new fund will operate in line with the EIB's Environmental and Social standards.

The fund is expected to comply with EIB's procurement guidelines.

Comments

N/A

Milestone
Under appraisal
Link to source

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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