Release date: 1 June 2016
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUND
Equity participation in TLcom TIDE Africa Fund, a new venture capital fund managed by TLcom Capital LLP, focusing on technology opportunities in Sub-Saharan Africa (mainly Kenya, Nigeria and Ghana), at the start-up and expansion stages.
The fund aims to generate a substantial return on investment for its investors coupled with a significant developmental impact, given (i) its focus on businesses providing innovative and affordable solutions for the base of the pyramid; (ii) its potential to create quality jobs; (iii) its provision of seed and early stage financing to African companies; and (iv) its technical support to innovative businesses.
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 10 million (EUR 12 million)
Total cost (Approximate amount)
USD 100 million (EUR 116 million)
The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.
Signed - 14/07/2017
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).