EMP Africa Fund II

Promoter – Financial Intermediary

Tom Gibian

CEO Emerging Markets Partnership

2001 Pennsylvania Avenue NW, Suite 1100

Washington DC 20006

Location

• Regional - Africa

Description

EMP Africa Fund II, the successor to AIG African Infrastructure Fund (Africa Fund I), will seek to support private African companies that are current or potential market leaders, have robust business plans and are managed by reputable management teams.

Objectives

The access to this private equity fund will encourage private initiative in infrastructure and other investments. In addition to promoting private sector growth, creating new jobs and improving the general economic situation in Africa by raising long-term financing for important infrastructure and other investments, the Fund will also highlight to investors the opportunities the African continent offers.

Comments

Infrastructure, financial, and natural resources.

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

Up to EUR 40 million in equity.

Total cost (Approximate amount)

The target size of the fund is USD 500 million composed of USD 435 million in equity from limited partners and up to USD 65 million from the Overseas Private Investment Corporation (OPIC).

Environmental aspects

As in the predecessor fund, the Fund Managers will have to ensure that identification, analysis and supervision of Fund Investments will be carried out with due regard to ecological and environmental factors and in accordance with both local law and World Bank standards.

Procurement

As in the predecessor fund, the Fund Managers will have to ensure that the procurement procedures will be lawful and in line with current practice in private industry.

Status

Signed - 15/05/2006