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        APIS GROWTH FUND I

        Signature(s)

        Amount
        € 19,294,388.79
        Sector(s)
        Services : € 19,294,388.79
        Signature date(s)
        21/08/2015 : € 19,294,388.79
        Other links

        Summary sheet

        Release date
        16 April 2015
        Status
        Reference
        Signed | 21/08/2015
        20140701
        Project name
        Promoter - financial intermediary
        APIS GROWTH FUND I
        SPECIAL PURPOSE ENTITY(IES)/FUND
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 19 million
        EUR 250 million
        Location
        Sector(s)
        Description
        Objectives

        Private equity fund targeting investments into small and medium-sized enterprises (SMEs) and mid-caps active in the financial services sector in Africa and Asia.

        The fund will provide equity financing to companies active at all levels of the financial services sector, including the relevant infrastructure, entailing as a result the strengthening of the sector infrastructure, and ultimately the provision of more affordable financial services to previously unbanked portions of population, fostering inclusive growth to the benefit of the broader economy.

        Environmental aspects
        Procurement

        The Bank will ensure that the project meets the social standards of the EIB and participating international financial institutions (IFIs). During appraisal the Bank’s services will verify the application of the relevant rules and procedures established by the fund and ensure that the projects financed by the fund follow the EIB’s social principles and standards.

        N/A

        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).

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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