ASCENT RIFT VALLEY FUND
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
FMO's client is Ascent Capital, a fund active in Africa.
What is our funding objective?
FMO's objective is to support Ascent Capital's portfolio companies with PPE, awareness raising, especially on the stigma on COVID-19.
Why do we fund this investment?
As part of FMO’s Covid-19 Response Package, the Emergency Grant Facility supports FMO’s customers to adapt or scale their business models to provide vital goods and services to help employees, workers, and communities cope with the pandemic, and to support customers’ business continuity efforts.
More investments
| Date | Total FMO financing |
|---|---|
| 2/27/2019 | EUR 0.02 MLN |
| 9/29/2015 | USD 8.00 MLN |
- Website customer/investment
- http://www.ascent-africa.com
- Country
- Global
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 7/24/2020
- End date
- 10/13/2021
- Total FMO financing
- EUR 0.06 MLN
- Funding
- FMO NV
-
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