EMERGING AFRICA INFRASTRUCTURE 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
The Emerging Africa Infrastructure Fund is a debt fund which provides loans to infrastructure projects in Africa. It was established in 2001 and has since then committed over USD$ 900 mln to more than 40 projects in developing countries. The Fund is financed by equity from the Private Infrastructure Development Group (“PIDG”) and supported by loans from both Development Finance Institutions such as FMO, and commercial banks. The PIDG was created by the governments of the UK, Sweden, Switzerland and The Netherlands with the objective to provide financial solutions to bridge market gaps in infrastructure projects in emerging markets. From the start onwards FMO has played an important role in supporting EAIF through not only funding but also via knowledge sharing through for example staff secondments.
What is our funding objective?
To stimulate the EMERGING AFRICA INFRASTRUCTURE FUND to provide funding for infrastructure projects in Emerging Markets. The new transaction is the result of a longstanding and strong partnership between FMO and EAIF.
Why do we fund this investment?
The EMERGING AFRICA INFRASTRUCTURE FUND is a longstanding FMO partner. By providing funding to this funds, FMO stimulates the development of the infrastructure sectors in Africa and other Emerging markets. This fits well with FMO's goal of enabling entrepreneurs to build a better world.
More investments
| Date | Total FMO financing |
|---|---|
| 3/19/2018 | USD 50.00 MLN |
| 6/19/2018 | EUR 25.00 MLN |
- Website customer/investment
- http://www.eaif.com
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 10/29/2014
- End date
- 6/19/2018
- Total FMO financing
- USD 25.00 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) - A