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    Reference: 20060457
    Release date: 19 December 2006

    Promoter – Financial Intermediary

    I&P Management (Indian Ocean)
    6th floor, Harbour Front building,
    President John Kennedy Street
    Port-Louis,
    Mauritius

    Location

    Description

    The fund will make equity and quasi-equity investments of EUR 1 million - 5 million in private companies located primarily in Mauritius and Madagascar and possibly the wider Indian Ocean region and East Africa.

    Objectives

    Contributing to the development of the private sector in the targeted regions and producing a commercial return to investors.

    Comments

    The fund will make investments across a range of sectors.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 5 million.

    Total cost (Approximate amount)

    Up to EUR 30 million.

    Environmental aspects

    Investee companies to meet the Bank's environmental standards Compliance to be monitored by the fund manager.

    Procurement

    Not applicable.

    Status

    Under appraisal - 19/12/2006

    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

    Regional - Indian Ocean Services