Release date: 4 February 2009
Promoter – Financial Intermediary
African Capital Alliance Ltd, ("ACA")
Location
Description
The Fund will make equity investments in high growth companies operating in West Africa and the Gulf of Guinea.
Objectives
The Fund has a 30% gross IRR objective, promoting development through investments to be made primarily in the following sectors - energy (40%), information technology, telecommunications, services, agro-allied and manufacturing.
Sector(s)
Proposed EIB finance (Approximate amount)
The maximum between EUR 30 million and 20% of the Fund’s size.
Total cost (Approximate amount)
USD 500 million.
Environmental aspects
The EIB will ensure that the Fund has appropriate Environmental and Social Management Systems in place for the evaluation of its investee companies.
Procurement
Not applicable.
Status
Signed - 15/05/2009
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).