ASCENT RIFT VALLEY FUND
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Ascent Rift Valley Fund Limited (ARVF) is a USD 80 million dollar private equity fund in Mauritius, investing in high-growth business in Eastern Africa. FMO is one of the Limited Partners.
What is our funding objective?
FMO co-funds the development of an Environmental & Social Management Plan Manual and training for three investees and senior management from Ascent.
Why do we fund this investment?
FMO is supporting this project because Ascent’s strategy combines its knowledge and networks of its locally/regionally based teams, partnership with local entrepreneurs and an active, hands-on investment approach to promote growth for small and medium-sized enterprises and best practices in Environment, Social and Governance.
More investments
| Date | Total FMO financing |
|---|---|
| 10/13/2021 | EUR 0.06 MLN |
| 9/29/2015 | USD 8.00 MLN |
- Website customer/investment
- http://www.ascent-africa.com
- Region
- Africa
- Country
- Kenya
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 7/13/2017
- End date
- 2/27/2019
- Total FMO financing
- EUR 0.02 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B