TLCOM TIDE AFRICA FUND (EIB-20160092)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 26, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SPECIAL PURPOSE ENTITY(IES)/FUND
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 2, 2018

Disclosed by Bank Jun 1, 2016


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Project Description
Equity participation in TLcom TIDE Africa Fund, a new venture capital fund managed by TLcom Capital LLP, focusing on technology opportunities in Sub-Saharan Africa (mainly Kenya, Nigeria and Ghana), at the start-up and expansion stages. OBJECTIVES The fund aims to generate a substantial return on investment for its investors coupled with a significant developmental impact, given (i) its focus on businesses providing innovative and affordable solutions for the base of the pyramid; (ii) its potential to create quality jobs; (iii) its provision of seed and early stage financing to African companies; and (iv) its technical support to innovative businesses.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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