Release date: 5 December 2019
Promoter – Financial IntermediarySPECIAL PURPOSE ENTITY(IES)/FUND
The proposed operation concerns a participation in the Alitheia Women Fund for Africa, a closed-end private equity fund with a target size of USD 75m.The Fund's strategy is to invest in women owned and/or led SMEs in Sub-Saharan Africa and/or businesses that provide goods and services to women in Africa, with a focus on Ghana, Lesotho, Nigeria, South Africa, Zambia and Zimbabwe. The Fund is generalist in terms of sectors.
The Fund will focus on SMEs on a growth path with a proactive approach to back women founders and/or senior managers or cater to women as a customer group (through companies, which address issues specific to women in Africa).
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 25 million (EUR 20 million)
Total cost (Approximate amount)
USD 100 million (EUR 82 million)
The Fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the EIB.
Signed - 15/11/2021
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).