Central Africa Growth Fund (CAGF)

Promoter – Financial Intermediary

Proparco (Société de promotion et de participation pour la coopération économique - Agence Française de Développement Group)

Location

• Regional - Central Africa

Description

The CAGF will be devoted to equity and quasi-equity financing of private companies or companies currently being privatised, first and foremost in the six countries making up the Economic and Monetary Community of Central Africa (CEMAC) - Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic and Chad

Objectives

The CAGF will be a promotional tool for the private sector throughout the region. It will also help to mobilise local savings. Lastly, it should help boost regional and national stock markets

Comments

Financial sector

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

EUR 8 million

Total cost (Approximate amount)

EUR 30 million (size of the Fund)

Environmental aspects

Inapplicable

Procurement

Inapplicable

Status

Signed - 24/01/2003