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    Reference: 20050584
    Release date: 13 March 2006

    Promoter – Financial Intermediary

    Business Partners International Ltd
    Attn: Mr Jo' Schwenke, Managing Director
    5 Wellington Road
    Parktown 2193
    P.O. Box 7780
    2000 Johannesburg
    SOUTH AFRICA

    Location

    Description

    USD 15 million Investment Fund targeting investments in businesses in the SME sector in Kenya.

    Objectives

    Financing of investments of USD 50,000 – 500,000 in businesses which are underserved by the existing financial services industry in Kenya, using primarily quasi-equity and debt instruments.

    Comments

    All sectors (except sectors normally excluded on ethical grounds)

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to USD 5 million.

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    Investee companies to meet minimum environmental standards to be specified and monitored by the Fund Manager.

    Procurement

    N/a

    Status

    Under appraisal - 3/08/2006

    Disclaimer

    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).

    Related tags

    Kenya Services