AfricInvest

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In 2004, BIO committed EUR 5 million in equity in AfricInvest along with FMO, Finfund, EIB, IBTC and Bank of Africa. Africinvest is an investment fund targeting SMEs in North Africa and West and Central Africa. Africinvest bases its promotion efforts, project analysis and investment supervision on a network of local investment managers, which are coordinated and supported by the Tuninvest Finance Group, a well-reputed and experienced Tunisian investment fund manager.

BIO participates actively in the investment strategy of AfricInvest and believes that AfricInvest has a positive impact in developing the Pan-African SME market and in supporting the development of strong fund managers in Sub-Saharan Africa.

Website: www.africinvest.com

  • Investment amount (€):

    €5M

    Registered offices: Mauritius Beneficiary countries: Algeria, Burkina Faso, Cameroon, Congo, Gabon, Ghana, Ivory Coast, Mali, Morocco, Nigeria, Senegal, Togo, Tunisia

  • Contract signature :

    2004

  • Nature of intervention :

    Equity

  • Development impacts :

    • 1 — Improvement of financial inclusion
    • 2 — Direct and indirect job creation
    • 3 — Generation of tax income
    • 4 —