Financial Sector Deepening Africa (FMO-67352)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Financial Sector Deepening Africa
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 2.31 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 2.00 MLN
Converted using 2026-08-07 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Oct 27, 2026

Disclosed by Bank Oct 12, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the objective of the Manager Finance Facility (MFF) is to strengthen Africa's emerging ecosystem of Alternative Local Capital Providers (ALCPs) by providing catalytic, returnable capital and targeted technical assistance that enable these fund managers to test and validate financing models, strengthen institutional capacity, build track records, and progress towards attracting commercial and institutional investment. The facility seeks to address the pre-commercial financing gap faced by African-led fund managers and financing intermediaries that support underserved small and growing businesses, particularly in frontier and Tier 2 markets.

From an IYBA-MCP Market Creation perspective, the facility aims to create a stronger pipeline of investable local capital providers by financing the financiers. By helping ALCPs demonstrate viable financing approaches such as revenue-based finance, venture debt, blended finance, flexible equity, and local currency solutions, the MFF is expected to increase the availability of more appropriate capital for young and growing businesses and crowd in follow-on investment from commercial investors.

The facility aligns strongly with both IYBA-MCP and FMO's Market Creation objectives by addressing a critical gap in the development of African-led fund managers. Through catalytic capital and technical assistance, it strengthens the pipeline of investable local capital providers, enabling them to build track records, attract follow-on investment, and expand access to appropriate financing for underserved SMEs and young businesses. By financing the financiers, the facility tackles a systemic constraint in the market and supports the long-term development of more inclusive and sustainable financial ecosystems.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Financial Sector Deepening (FSD) Africa is a Kenya-incorporated development agency funded by the UK Foreign, Commonwealth & Development Office (FCDO). FSD Africa will manage and implement the Manager Finance Facility through its Venture Finance Platform and Early-Stage Finance pillar, supported by FSD Africa Investments (FSDAi) for transaction structuring and portfolio oversight.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

*Contact information not provided at the time of disclosure*

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl

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

How it works

How it works