AfricInvest IV (DFC-9000104234)

  • Egypt
  • Ivory Coast
  • Kenya
  • Morocco
  • Nigeria
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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."
AfricInvest Capital Partners Management III LLC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • 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, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020

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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.

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
Here you can find a list of individual development financial institutions that finance the project.

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.

No contact information provided at the time of disclosure

How it works

How it works