According to bank provided information, the proposed project consists of an equity investment of up to USD30 million AfricInvest IV LLC, a generalist, closed-end private equity fund domiciled in Mauritius with a target size of USD500 million. Fund will invest in mid-market growth capital transactions in Africa.
The proposal is for IFC to make an equity investment of up to USD30 million in the Fund, not to exceed 20% of total commitments to the Fund.
The Fund will be managed by AfricInvest Capital Partners Management III LLC, a Mauritius limited liability company, focused on investing in Africa. The Fund principals are the key shareholders of the Fund Manager.
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/