Release date: 21 February 2018
Promoter – Financial Intermediary
INSIDE CAPITAL PARTNERS LTDLocation
Description
The project consists of an equity participation in a closed-end private equity fund focusing on investments in small and medium-sized enterprises (SMEs) active in south-eastern Africa, with a focus on Zambia, Madagascar, Mauritius, Malawi, Mozambique and Tanzania. The Fund is generalist in terms of sectors.
Objectives
This operation will improve competitiveness and access to finance at favourable conditions for SMEs in the region.
Comments
N/A
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 14 million (EUR 12 million)
Total cost (Approximate amount)
USD 60 million (EUR 51 million)
Environmental aspects
The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.
Procurement
Not applicable.
Status
Signed - 22/12/2018
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).