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    Référence: 20150796
    Date de publication: 20 septembre 2016

    Promoteur – Intermédiaire Financier




    Creating a thematic facility for the promotion of entrepreneurship and innovation under the ACP Impact Financing Envelope in order to extend its investment scope to funds covering all the stages of the venture capital cycle (from seed and early stage to growth capital). The idea is for the EIB to co-invest with AfDB in order to support the earliest and riskiest stages of the entrepreneurial value chain in a sustainable way through a blending mechanism with the European Commission. Among other things, the operation directly addresses some of the causes of the current migration crisis (creation of quality jobs for youth) in a medium to long-term perspective.


    Boost Africa stems from the belief that entrepreneurship and innovation can play a significant role in accelerating living standards and social progress in Africa, not only by developing solutions to fundamental livelihood, education, energy, and social needs, but also by creating quality jobs for young people. The initiative will thus, in the medium to long term, contribute to addressing the root causes of the current migration crisis. Supporting startups also means sustaining the democratisation of the economy, in a context characterised by an unequal distribution of wealth and high barriers for newcomers to start a business.


    • Services - Activités financières et d'assurance

    Montant BEI envisagé (montant approximatif)

    EUR 50 million

    Coût total (montant approximatif)

    EUR 200 million

    Aspects environnementaux

    The fund targets information and communication technology (ICT) startups and early-stage small and medium-sized enterprises (SMEs) which typically have a limited environmental impact.

    Passation des marchés

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.


    Approuvé - 15/11/2016

    Clause de non-responsabilité

    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).

    Mots-clés correspondants

    Régional - Afrique Services