AfricInvest IV (DFC-9000104234)

Countries
  • Egypt
  • Ivory Coast
  • Kenya
  • Morocco
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
AfricInvest Capital Partners Management III LLC
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project Description

This Project is expected to have a highly developmental impact through the Fund’s equity investments in 12 to 15 portfolio companies located in low- and lower-middle income countries in North and Sub-Saharan Africa. Africa comprises roughly 15% of the world’s population yet bears 70% of the world’s poor. Further compounding the precarious economic
position is the that the IMF is forecasting a 1.7% economic contraction for the continent in 2020. The Fund’s investment strategy will have positive developmental impact by growing middle-market businesses thus creating employment and increasing local income through profits, tax revenue, and the procurement of local goods and services. The Fund will also provide a wealth of experience and technical know-how to its portfolio companies through strategic planning and balance sheet restructuring, enhancing research capabilities, policy formulation, improving financial management and reporting, and via recruitment of highly skilled management. The Fund will guide portfolio companies in sourcing, evaluating and negotiating ventures, add-on acquisitions andpartnerships. The Fund will also assist in identifying and developing new products and services that meet international standards and are
underdeveloped in the African market.

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure