IPAE II (IFC-39903)

Regions
  • Africa
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
Proposed
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
Jun 19, 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
INVESTISSEURS AND PARTENAIRES AFRIQUE ENTREPRENEURS II
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)
$ 11.97 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 10
Converted using 2017-09-23 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 23, 2017

Disclosed by Bank May 17, 2017


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Project Description
The proposed project is for an equity investment of up to €10 million in Investisseurs and Partenaires Afrique Entrepreneurs II (“the Fund or IPAE”), a 10 year closed-end generalist impact fund that will invest in small and medium companies in West Africa, Central Africa, East Africa and the Indian Ocean Region. The Fund is seeking to raise € 80 million of committed capital.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
I&P AFRIQUE ENTREPRENEURS II Jean-Michel Severino Chief Executive Officer Tel. +33 (0)1 58 18 57 10 jm.severino@ietp.com 9, rue Notre-Dame des Victoires, 75002 Paris, France http://www.ietp.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/