Date de publication: 25 avril 2019
Promoteur – Intermédiaire Financier
ACCEPTABLE CORPORATE(S)Lieu
Description
The proposed operation concerns an equity participation in an impact fund aiming to generate commercial return, nature conservation and rural livelihood improvements through investments in innovative businesses in East and Southern Africa.
Objectifs
The proposed operation concerns an equity participation of up to USD 20m (or its EUR equivalent) in Okavango Fund L.P. (the "Fund"), an impact fund aiming to generate commercial returns, nature conservation and rural livelihood improvements by investing in small and medium-sized enterprises (SMEs) in East and Southern Africa. The Fund will target investments in the food security, climate technologies, and domestic nature tourism sectors across Kenya, Uganda, Rwanda, Tanzania and Zambia. The Fund targets to raise EUR 75m, and plans to hold a first close in Q2/Q3 2019. By contributing to private sector development and improving access to finance for SMEs, the proposed operation is in line with the priorities of the Cotonou Agreement, the EU Agenda for Change (the basis for EU's development policy) and the Joint EU-Africa Strategy. Private sector development is also a key priority in the national development strategies in several of the concerned countries. The proposed operation is expected to contribute towards a number of community, conservation and commercial Sustainable Development Goals (SDGs), notably SDG 6 "Clean water and sanitisation", SDG 8 "Decent work and economic growth", SDG 12 "Responsible consumption and production", SGD 14 "Life below water", SGD 15 "Life on land" and SGD 5 "Gender equality".
Secteur(s)
- Services - Activités financières et d'assurance
Montant BEI envisagé (montant approximatif)
USD 13 million (EUR 12 million)
Coût total (montant approximatif)
USD 75 million (EUR 67 million)
Aspects environnementaux
The Bank will ensure that the project meets the social and environmental standards of the EIB and that the fund's operational guidelines provide for complete environmental and social due diligence of investee companies.
Passation des marchés
N/A
Statut
Signé - 22/12/2021
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).