SHORECAP III

Projektträger – zwischengeschaltetes Finanzinstitut

PRIVATE ENTITY(IES)

Ort

• Regionalvorhaben - Afrika

Beschreibung

Equity investment in a USD 150 m fund promoting financial inclusion in Africa through equity and quasi-equity investments in small and medium-sized enterprise (SME) banks, microfinance institutions, micro-insurance and financial technology (Fintech).

Ziele

Thanks to its expanded presence on the African market, the fund's objective is to invest with minority positions in equity and quasi-equity, shareholder's loans, and convertible debt in regulated financial institutions. Apart from looking for competitive returns for its investors, the fund seeks to provide investees with (i) access to scarce equity funding, (ii) corporate governance (iii) compliance and reporting of environmental, social and corporate governance (ESG) performance, (iv) strategy in particular via access to capacity building.

Sektor(en)

• Dienstleistungen - Erbringung von Finanz- und Versicherungsdienstleistungen

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

USD 20 million

Gesamtkosten (voraussichtlicher Betrag)

USD 150 million

Umweltaspekte

The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

Auftragsvergabe

Not applicable.

Projektstatus

Unterzeichnet - 13/12/2017