• 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
Bank Risk Rating
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.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 17.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 15 million
Converted using 2018-08-02 exchange rate.
Project Cost (USD)
$ 139.03 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 120 million
Converted using 2018-08-02 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 27, 2019

Disclosed by Bank Aug 2, 2018

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Project Description

According to EIB website, the project concerns a participation in the AfricInvest Growth Venture Capital Fund, a closed-end venture capital fund with a target size of EUR 120m. The fund will be set up to make privately-negotiated equity and quasi-equity investments to support growing innovative companies in Africa with a predominant focus on Sub-Saharan Africa. The Fund will pursue a pan-African, multi-sector strategy, investing and developing post-revenue innovative ventures that are scaling their activities and international ventures that are developing in Africa.

Investment Description
  • European Investment Bank (EIB)
Private Actors

AfricInvest Group is a private equity and venture capital firm specializing in early stage, mid venture, late venture, incubation, startups, small and medium enterprises, turnaround, mid-market, growth capital, mergers and acquisitions, privatization, leveraged buy-outs, mature companies, recapitalization, industry consolidation, initial public offering, and debt structuring.

Contact Information

No contact information provided at the time of disclosure.  


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