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BPI KENYA SME FUND

Signature(s)

Amount
€ 3,916,346.83
Countries
Sector(s)
Kenya : € 3,916,346.83
Services : € 3,916,346.83
Signature date(s)
3/08/2006 : € 3,916,346.83
Link to source
Data sheet
BPI KENYA SME FUND
Other links
Summary sheet
BPI Kenya SME Fund
Related press
EIB takes USD 5 million stake in new SME fund in Kenya

Summary sheet

Release date
13 March 2006
Status
Reference
Under appraisal | 03/08/2006
20050584
Project name
Promoter - financial intermediary
BPI Kenya SME Fund

Business Partners International Ltd
Attn: Mr Jo' Schwenke, Managing Director
5 Wellington Road
Parktown 2193
P.O. Box 7780
2000 Johannesburg
SOUTH AFRICA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to USD 5 million.
Not applicable.
Location
Sector(s)
Description
Objectives

USD 15 million Investment Fund targeting investments in businesses in the SME sector in Kenya.

Financing of investments of USD 50,000 – 500,000 in businesses which are underserved by the existing financial services industry in Kenya, using primarily quasi-equity and debt instruments.

Environmental aspects
Procurement

Investee companies to meet minimum environmental standards to be specified and monitored by the Fund Manager.

N/a

Comments

All sectors (except sectors normally excluded on ethical grounds)

Link to source
Summary sheet
BPI Kenya SME Fund
Other links
Data sheet
BPI KENYA SME FUND
Related press
EIB takes USD 5 million stake in new SME fund in Kenya

Disclaimer

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).

News & Stories

Link to source
Related press
EIB takes USD 5 million stake in new SME fund in Kenya
Other links
Data sheet
BPI KENYA SME FUND
Summary sheet
BPI Kenya SME Fund

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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