Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20180028
    Release date: 8 February 2018

    Promoter – Financial Intermediary

    PRIVATE ENTITY(IES)

    Location

    Description

    The operation consists of an equity participation in a closed-end private equity fund targeting investments in Small and Medium-sized Enterprises (SMEs) active in Anglophone West Africa, i.e. Nigeria, Ghana, Liberia, Sierra Leone and Gambia. The Fund is to be managed by Verod Capital Management and will have a generalist investment approach (i.e. sector agnostic).

    Objectives

    This operation will improve competitiveness and access to finance at favourable conditions for SMEs in target countries.

    Comments

    N/A

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    USD 14 million (EUR 12 million)

    Total cost (Approximate amount)

    USD 150 million (EUR 128 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 - 29/03/2019

    Disclaimer

    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).

    Related tags

    Regional - West Africa Services