Release date: 21 September 2011
Promoter – Financial Intermediary
I&P Afrique Entrepreneurs, a limited life investment vehicle to be incorporated in Mauritius
Location
Description
The target EUR 50 million fund will take equity participations and lend to Small and Medium Sized Enterprises in francophone Africa and Ghana, and to Microfinance Institutions in Africa at large. In addition to capital, the Fund will bring technical, strategic and operational support to the investee companies.
Objectives
The Fund’s objective is to foster the development of the private sector by supporting micro, small and medium-sized enterprises with both funding and technical assistance, while applying high Environmental and Social standards in the selection and monitoring of the investments.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 7 million
Total cost (Approximate amount)
EUR 50 million
Environmental aspects
Not applicable.
Procurement
Not applicable.
Status
Signed - 10/05/2012
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).