According to the Bank’s website, the proposed project entails setting up a new investment regional facility in Sub-Saharan Africa (DARP SA Nimble) under IFC’s Distressed Assets Recovery Program (DARP), to acquire and resolve unsecured retail non-performing loans (NPLs) in South Africa, Namibia, Lesotho, Eswatini, Botswana and Kenya (Target Markets) as well as single asset investments in South Africa. The proposed facility will have US$148 million equivalent in ZAR in available committed capital, of which IFC will commit up to US$40 million as senior debt, Nimble Group (Pty) Ltd (Nimble) will commit up to US$35 million as junior debt, and other senior lenders will provide the balance.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Nimble Group (Pty) Ltd
Nimble Group (Pty) Ltd
+27 21 830 0750
35 Brickfield Road Woodstock 7925 Private Bg XI Cape Town South Africa
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