Ascent Rift Valley Fund II (ARVF II) aims to invest in and develop regional SMEs in East Africa, making use of its local presence and hands-on investment approach to do so. ARVF II has a proposed fund size of USD 120m and will execute on the same strategy as its predecessor. By investing in ARVF II, FMO can contribute to the economic growth of East Africa and help develop the private equity market in this region of the world. This investment fits FMO's strategy, deepening a relationship with an existing partner in African private equity investing and contributes further to FMO's ambition of being a preferred partner for growth in emerging markets.
No contact information provided at the time of disclosure
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism