Reference:
20060099
Release date: 23 October 2007
Release date: 23 October 2007
Promoter – Financial Intermediary
AfriCap InvestmentThe Forum Building, 12th Floor
2 Maude St
Sandton 2146
South Africa
To the attention of: Mr. Wagane Diouf, Managing Partner
Location
Description
Equity investment in a regional investment company incorporated in Mauritius dedicated to the creation and acquisition of commercial microfinance companies and banks.
Objectives
Achieving a commercially acceptable return in the microfinance area and a social return through the deployment of equity or convertible debt to new or promising microfinance companies in Africa.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 5 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Investee companies to meet minimum environmental standards to be specified and monitored by the Manager of the holding company.
Procurement
Not applicable
Status
Under appraisal - 25/10/2007