Original disclosure @ FMO website
Updated in EWS Sep 11, 2020
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Through this investment FMO supports 1) small and medium-sized enterprises in some of the most underbanked countries in Africa and 2) the development of the Debt Capital Market (‘DCM’) in the African continent. By helping ETI to support job growth across Africa, including in Least Developed Countries, and by crowding in other investors, FMO aims to contribute to three of the Sustainable Development Goals: SDG 8 "Decent Work and Economic Growth", SDG 10 "Reduced Inequalities" and SDG 17 "Partnerships for the Goals".
There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).
The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.
The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|AngloGold Ashanti Ltd||Parent Company||Mining||owns||Geita Mine (Ashanti AngloGold)||Client||Mining|
|AngloGold Ashanti Ltd||Parent Company||Mining||owns||Geita Mine(Ashanti,AngloGold)||Client||Mining|
|Ecobank Group||Investor||Finance||invests in||AngloGold Ashanti Ltd||Parent Company||Mining|
|Ecobank Group||Investor||Finance||invests in||Cocoa Touton Processing Co||Parent Company||Agriculture and Forestry|
|Ecobank Group||Investor||Finance||invests in||Geita Mine (Ashanti AngloGold)||Client||Mining|
|Ecobank Group||Investor||Finance||invests in||Geita Mine(Ashanti,AngloGold)||Client||Mining|
|Ecobank Group||Investor||Finance||invests in||Ghana Cocoa Board(Ghana)||Parent Company||Agriculture and Forestry|
|Ecobank Group||Investor||Finance||invests in||Ihs Cote Divoire Sa||Parent Company||Infrastructure|
|Ecobank Group||Investor||Finance||invests in||La Societe pour le Dvlppement||Parent Company||Agriculture and Forestry|
|Ecobank Group||Investor||Finance||invests in||Nestoil PLC||Parent Company||Mining|
|Ecobank Group||Investor||Finance||invests in||Puma Energy||Parent Company||Mining|
|Ecobank Group||Investor||Finance||invests in||Puma Energy Corporate Facility 2018||Client||Mining|
|Ecobank Group||Investor||Finance||invests in||Volta River Authority||Parent Company||Energy|
|Puma Energy||Parent Company||Mining||owns||Puma Energy Corporate Facility 2018||Client||Mining|
No contact information provided at the time of disclosure