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    Reference: 20200357
    Release date: 16 June 2020

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Description

    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.

    Objectives

    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.

    Comments

    N/A

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    not disclosed

    Total cost (Approximate amount)

    USD 170 million (EUR 139 million)

    Environmental aspects

    The Fund's operational guidelines will provide for environmental and social due diligence of investee companies in line with the EIB's guidelines.

    Procurement

    Not applicable.

    Status

    Approved - 16/12/2020

    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

    Services