Release date: 1 April 2011
Promoter – Financial Intermediary
Catalyst Principal Partners
Location
Description
Equity participation in a closed-end private equity fund targeting mid-market enterprises primarily located in Eastern African countries.
Objectives
The Fund will primarily take strategic minority stakes in emerging medium-sized enterprises with business activities located principally in Kenya, Tanzania, Uganda, Zambia, Ethiopia, Rwanda and Democratic Republic of the Congo. The return on the Fund’s investments is expected to be driven primarily by the growth of the investee companies as well as their strengthened enterprise skills and governance, environmental and social standards; in turn, these are expected to underpin the positive development outcome of the project.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 10 million/USD 12.5 million
Total cost (Approximate amount)
Up to USD 125 million
Environmental aspects
The Fund’s operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.
Procurement
Not applicable.
Status
Signed - 4/11/2011
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).