Argan Infrastructure Fund LLC PCC (ARIF)

Equity : November 2011

BIO has invested € 6 M in equity in the Argan Infrastructure Fund LLC, an infrastructure fund focused on the MENA region.

Amount

€ 6,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Access to basic services & goods

Beneficiary locations

Middle East & North Africa: Algeria, Egypt, Morocco, Tunisia

Investment field

Investment Companies & Funds

Activity

Infrastructure Fund

Organisation

Argan Infrastructure Fund LLC PCC (ARIF)

Domicile

Mauritius

The Fund will invest in infrastructure as well as infrastructure-linked industrial projects in Africa with a focus on Morocco.

The targeted sectors will be energy, transport and logistics, environment, industry and telecom. Investments will amount to on average € 10 million in North-Africa and € 5 million in Sub-Saharan Africa. For larger infrastructure projects, the Fund will invest alongside co-investors, amongst which the investors in the Fund.

The Investment Advisor of the Fund Moroccan based Infra Invest. The Fund is an initiative of Infra Invest, the Investment fund management arm of the privately-owned Moroccan insurance company RMA (part of the FinanceCom group).

Development impacts

  • Local economic growth

    The investments done by the Fund will have a major impact on job creation as the projects and companies will need more workers to manage their expansion.

  • Access to basic services & goods

    Reliable infrastructure plays a vital role in the sustainable development of emerging countries as it; Increases access of the population to basic needs such as power, water, mobility and technology; with a specific focus on solar energy

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

Acwa Power Khalladi

Morocco

Energy - Wind

Mass Céréales Al Maghreb

Morocco

Transport & Logistics - Storage Terminal

Tekcim

Morocco

Manufacturing & Services - Cement

TransCentury Limited

Manufacturing & Services - Engineering

View more of our investments in this region

Cathay Africinvest Innovation Fund

Investment Companies & Funds

Cathay Africinvest Innovation Fund

  6,000,000.00

  Egypt, Kenya, Nigeria, South Africa

  21/05/2021

  Equity

Enda Tamweel

Financial Institutions

Enda Tamweel

  365,916.96

  Tunisia

  29/12/2020

  Equity

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

Amethis Maghreb Fund I (ex. CNAV II)

Investment Companies & Funds

Amethis Maghreb Fund I (ex. CNAV II)

  5,000,000.00

  Morocco, Tunisia

  31/05/2013

  Equity

Maghreb Private Equity Fund IV

Investment Companies & Funds

Maghreb Private Equity Fund IV

  10,000,000.00

  Algeria, Egypt, Morocco, Tunisia

  29/11/2017

  Equity

Centrale Solaire de Bir El Haffey S.A.

Infrastructure

Centrale Solaire de Bir El Haffey S.A.

  4,830,000.00

  Tunisia

  20/09/2020

  Debt

Centrale Solaire de Bir El Haffey S.A.

Infrastructure

Centrale Solaire de Bir El Haffey S.A.

  14,937.25

  Tunisia

  03/07/2019

  Subsidy

Capital North Africa Venture Fund S.A.S

Investment Companies & Funds

Capital North Africa Venture Fund S.A.S

  3,000,000.00

  Morocco

  11/01/2006

  Equity

Tunisie Leasing & Factoring

Financial Institutions

Tunisie Leasing & Factoring

  15,000,000.00

  Tunisia

  17/12/2019

  Debt

Maghreb Private Equity Fund II

Investment Companies & Funds

Maghreb Private Equity Fund II

  6,000,000.00

  Algeria, Morocco, Tunisia

  29/06/2006

  Equity

AfricInvest Financial Inclusion Vehicle

Investment Companies & Funds

AfricInvest Financial Inclusion Vehicle

  10,000,000.00

  Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia

  14/12/2017

  Equity

Enda Tamweel

Financial Institutions

Enda Tamweel

  8,000,000.00

  Tunisia

  21/06/2019

  Debt

Enda Tamweel

Financial Institutions

Enda Tamweel

  5,863,753.66

  Tunisia

  16/11/2017

  Equity

Maghreb Private Equity Fund III

Investment Companies & Funds

Maghreb Private Equity Fund III

  6,000,000.00

  Algeria, Morocco, Tunisia

  05/09/2011

  Equity

Maghreb Private Equity Fund III

Investment Companies & Funds

Maghreb Private Equity Fund III

  2,000,000.00

  Algeria, Morocco, Tunisia

  16/09/2014

  Equity