AFRICINVEST LTD.
Status: Completed investmentWhy disclosure?
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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
Founded in 1994, AfricInvest is one of the most experienced private equity investors in Africa. AfricInvest Ltd is the first fund in the firm's pan-African fund family, with a mandate to invest across all sectors, primarily in sub-Saharan Africa.
What is our funding objective?
AfricInvest Ltd will invest in a diversified portfolio of SMEs and mid-market companies across Africa. The portfolio composition is expected to reflect the firm's local presence in its historical markets (Algiers, Casablanca and Tunis) with a new presence in sub-Saharan Africa (Abidjan, Lagos and Nairobi), as well as its experience in supporting entrepreneurs across a range of sectors through growth capital investments.
Why do we fund this investment?
FMO is participating in the fund's first closing in order to show its trust and support of the fund manager to go pan-African. On the back of a proven track in generating market returns in SME investments in North Africa with due attention to ESG risk management and value creation (e.g. by means of resource efficiency), FMO is now supporting the fund manager's intention to replicate its successful business model in the rest of Africa.
- Website customer/investment
- http://www.africinvest.com
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 4/14/2004
- End date
- 12/29/2020
- Total FMO financing
- EUR 8.32 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