Release date: 19 April 2017
Promoter – Financial Intermediary
TUNINVEST FINANCE GROUP SALocation
Description
Equity participation in a generalist closed-end private equity fund targeting mainly growth capital investments in small and medium-sized private companies across Tunisia, Morocco, Algeria and Egypt.
Objectives
The main project objectives include: supporting the development of the private sector, primarily in North Africa, by increasing access to risk capital for local small and medium-sized companies, and contributing to the European Commission's economic and social development priority under the European Neighbourhood Policy (ENP) Action Plan, by supporting the reduction of unemployment and poverty.
Comments
The project falls under the Risk Capital Facility for the Southern Neighbourhood countries, financed by the Bank and the European Union (acting through the Neighbourhood Investment Facility).
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 200 million
Environmental aspects
The fund will operate in line with the EIB's environmental and social standards.
Procurement
The procurement will be in line with EIB guidelines for private sector projects.
Status
Signed - 29/11/2017
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).