European Financing Partners S.A.

Debt : December 2010

BIO has granted a € 5 M loan to the European Financing Partners matching facility for loans from EDFIs to project companies in the ACP region.

Amount

€ 5,000,000.00

Type of investment

Debt

Development impacts

Local economic growth
Access to basic services & goods

Beneficiary locations

Africa: Kenya, Nigeria, Senegal, Tanzania, Zambia

Asia: India

Middle East:

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

European Financing Partners S.A.

Website

https://www.edfi.eu/facility/efp/

Domicile

Luxemburg

More investments in

European Financing Partners S.A.

Debt € 20,000,000.00 (2022)
Debt € 15,000,000.00 (2020)
Equity € 6,000.00 (2003)

EU development cooperation with the Africa, Caribbean and Pacific (ACP) region is laid down in the Cotonou Agreement between the EU member states and the ACP countries. An important element of this agreement, which was signed in June 2000, is the establishment of the Cotonou Investment Facility (IF): a EUR 2.2 billion revolving fund to be invested in the private sector of the ACP countries. The EIB became manager of the IF which started its operations on June 2, 2003.

The European Financing Partners (EFP) matching facility for senior loans from European Development Finance Institutions (EDFIs) to project companies in the ACP region is the concrete proposal from EDFIs to cooperate with EIB in implementing part of the IF.

Establishment of EFP is of strategic importance to all EDFIs. The European integration continues, also with respect to development cooperation and finance. EDFIs have to cooperate more closely together in other to convince (European) policymakers and politicians of their value added. Not only in a bilateral context but also in a multilateral context with a European joint venture between EDFIs and EIB: the EFP. This vehicle – with EIB as one of its shareholders – will also give EDFIs the opportunity to continuously discuss with EIB preservation of a level playing field with respect to market conditions in the ACP region.

Advantages of EFP for EIB are access to the EDFI pipeline and sound implementation of a possibly significant amount of the IF without incurring substantial costs. To EDFIs, the concrete advantages are the leverage effect of the substantial additional financing that can be offered to a client and the remuneration package.

Development impacts

Local economic growth
Effects at investee level
Access to long-term financing for SMEs : Projects submitted by the Promoting Partners can differ from the objectives of BIO in respect to the defined target group (micro, small and medium-sized companies); Eligible financing proposal between €1m and €25m

Access to long-term financing for MFIs/FIs: EFP also invests in financial intermediaries

Access to long-term financing for infrastructure: EFP also invests in the power sector
Access to basic services & goods
Investments in communication infrastructure projects

Made possible through this investment

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

AFL

Nigeria

C.25.5 Forging, pressing, stamping and roll-forming of metal; powder metallurgy

Africa Finance Corporation (AFC)

Nigeria

Trusts, funds and similar financial entities

Aspen Pharmacare Holding Limited

Manufacture of basic pharmaceutical products

Banco Atlantida

Honduras

Banco Internacional

Ecuador

Banco Internacional is a universal bank with a focus on the Corporate and SME market with strong long-term relationships with its clients.

Careworks

Uganda

Q.86.1 Hospital activities

Cements du Sahel - CDS

Senegal

C.23.5 Manufacture of cement, lime and plaster

Cooperative Bank of Kenya

Kenya

CoopBank provides an extensive range of banking services including corporate lending, loans to Savings and Credit Co-operative Organizations and salary-based personal lending. CoopBank has grown from being the bank of the cooperative sector to catering all segments in Kenya with a large customer base of over nine million using physical (178 branches) and digital channels.

Ecobank Togo

Togo

Holding account

Ecosac

Peru

ETG

A.01.1 Growing of non-perennial crops

Indorama Eleme Fertiliser

Nigeria

Indorama is a green field project created in 2010 for the purpose of construction and operation of the urea fertilizer plant, in Nigeria, Port Harcourt. The project consists of 1.4mln MTPA (metric tons per annum) gas to urea fertilizer plant (incl. ammonia and urea plant), 84km underground gas pipeline, jetty and additional infrastructure. The plant processes natural gas to obtain the granular urea fertilizer - a solid nitrogen fertilizer commonly used in agriculture.

Jamaica Public Services (JPS)

D.35.1 Electric power generation, transmission and distribution

Maputo Private Hospital (MPH)

Mozambique

Q.86.1 Hospital activities

National Microfinance Bank Tanzania (NMB Tanzania)

Tanzania

K.64.1 Monetary intermediation

Olkaria

Kenya

D.35.1 Electric power generation, transmission and distribution

Precision Air

Tanzania

H. Transportation and storage

PTA Bank

Burundi, Kenya

K.64.1 Monetary intermediation

Rabai Power Ltd.

Kenya

Electric power generation, transmission and distribution

Scancem

C.23.5 Manufacture of cement, lime and plaster

Zambeef

Zambia

A.01.4 Animal production

Viru S.A.

Peru

Read impact and news about this project

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