Signature(s)
Amount
€ 7,000,000
Sector(s)
Services
: € 7,000,000
Signature date(s)
10/05/2012 : € 7,000,000
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Data sheet
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Summary sheet
Release date
21 September 2011
Status
Reference
Signed | 10/05/2012
20100254
Project name
Promoter - financial intermediary
I & P Afrique Entrepreneurs
I&P Afrique Entrepreneurs, a limited life investment vehicle to be incorporated in Mauritius
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 7 million
EUR 50 million
Location
Sector(s)
Description
Objectives
The target EUR 50 million fund will take equity participations and lend to Small and Medium Sized Enterprises in francophone Africa and Ghana, and to Microfinance Institutions in Africa at large. In addition to capital, the Fund will bring technical, strategic and operational support to the investee companies.
The Fund’s objective is to foster the development of the private sector by supporting micro, small and medium-sized enterprises with both funding and technical assistance, while applying high Environmental and Social standards in the selection and monitoring of the investments.
Environmental aspects
Procurement
Not applicable.
Not applicable.
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Summary sheet
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Data sheet
News & Stories
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