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    Reference: 20090334
    Release date: 10 March 2010

    Promoter – Financial Intermediary

    IFC Asset Management Company

    Location

    Description

    The Africa Bank Capitalisation Fund (“The Fund”) is a USD 200 million (target). closed-end private equity fund set up as a joint IFI response to (i) address the needs of private commercial banks in Africa resulting from the difficult operating environment instigated by the global financial crisis and (ii) to prevent future crises from developing.

    Objectives

    The Fund will have a counter-cyclical strategy aimed at providing systemic banks with a sound core business with critically needed and stabilising capital resources and speed up the economic recovery.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to USD 40 million.

    Total cost (Approximate amount)

    Up to USD 200 million.

    Environmental aspects

    The Fund’s operational guidelines provide for environmental and social impact assessment in accordance with the Bank’s policies.

    Procurement

    Not applicable

    Status

    Signed - 16/08/2010

    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).

    Related tags

    Regional - Africa Services