Release date: 16 June 2020
Promoter – Financial Intermediary
The proposed operation consists of an equity participation in the Women's Development Business Equity Fund LP, focusing on investing in women owned or led companies. Generalist in terms of sector the Fund will support the growth of companies in Sub-Saharan Africa which are compliant with the 2X Challenge criteria.
The proposed operation concerns a participation in WDB Equity Fund LP, a closed end private equity fund with a target size of about USD 170m. The Fund will invest with a gender lens, supporting female entrepreneurs and companies addressing needs of African women. The Fund will focus on companies in compliance with the 2X Challenge criteria, or make them compliant during the holding period. The Fund will invest in Sub-Saharan Africa (SSA) with a focus on South Africa, Lesotho, Botswana, Namibia, Swaziland and to a lesser extent Ghana and Kenya.
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 170 million (EUR 139 million)
The Fund's operational guidelines will provide for environmental and social due diligence of investee companies in line with the EIB's guidelines.
Approved - 16/12/2020