Release date: 19 December 2006
Promoter – Financial Intermediary
I&P Management (Indian Ocean)
6th floor, Harbour Front building,
President John Kennedy Street
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.
Contributing to the development of the private sector in the targeted regions and producing a commercial return to investors.
The fund will make investments across a range of sectors.
Proposed EIB finance (Approximate amount)
Up to EUR 5 million.
Total cost (Approximate amount)
Up to EUR 30 million.
Investee companies to meet the Bank's environmental standards Compliance to be monitored by the fund manager.
Under appraisal - 19/12/2006
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).