Fanisi Capital Fund II LLC (IFC-38752)

Countries
  • Kenya
  • Rwanda
  • Tanzania
  • Uganda
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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 17, 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
FANISI CAPITAL FUND II LLC
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)
$ 7.50 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)
$ 75.00 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 @ IFC website

Updated in EWS Jan 11, 2018

Disclosed by Bank Oct 3, 2016


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Project Description
The project proposes an IFC equity investment of up to $7.5 million, not to exceed 20% of total committed capital, in Fanisi Capital Fund II LLC (the &#8220;Fund&#8221;), a 10 year closed-end SME Ventures fund targeting growth oriented SMEs in East Africa. <br><br>The Fund will have a generalist strategy investing in four East African countries - Kenya, Rwanda, Tanzania and Uganda &#8211; targeting SMEs in the following four sectors: Agribusiness, Retail Consumer (FMCG), Healthcare and Education.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Ayisi Makatiani, Managing Partner Fanisi Capital Limited 4th Floor Arlington Block 14 Riverside Drive PO Box 66162 – 00800, Westlands Nairobi, Kenya. Tel: +254 20 420 7000 Fax: +254 20 Email: mailto:letstalk@fanisi.com Web: http://www.fanisi.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/