European Financing Partners S.A.
BIO has granted a EUR 15 M loan to the European Financing Partners matching facility for loans from EDFIs to project companies in the ACP region.
Amount
€ 15,000,000.00
Type of investment
Debt
Development impacts
- Local economic growth
- Access to basic services & goods
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME Fund
Organisation
European Financing Partners S.A.
Domicile
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.
The 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 the 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.
Covid-19
Following the coronavirus outbreak, DFIs and MDBs coordinated an investment-related response to provide a fast reaction to the Covid-19 crisis. Within these discussions, EFP (phase 6) has emerged as a preferred potential platform to pool resources, facilitate and streamline financial cooperation to address the emergency and recovery phase of the pandemic. Through this facility, BIO and other European partners are able to join efforts and mobilise capital for fighting the impact of the global pandemic.
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 €25mAccess 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
Baobab investments
Senegal
Manufacturing & Services - Hotel & Tourism
CEC
Zambia
Energy - Power transmission
Coop Bank
Kenya
Commercial Bank
ETG
Agribusiness
Guaranty Trust Bank
Nigeria
Commercial bank
Indorama Eleme Fertiliser
Nigeria
Gas & Chemicals - Fertiliser
NMB Tanzania
Tanzania
Commercial Bank
Panda Flowers
Kenya
Agribusiness - Cut flower production
Zenith Bank
Nigeria
Commercial Bank
Africa Finance Corporation (AFC)
Nigeria
Non-Bank Financing Company - Investment Company
Bharti Airtel (BAIN)
India
Telecom Network
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Equity
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Equity
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Debt
Financial Institutions
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Equity
Investment Companies & Funds
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350,000.00
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Subsidy
Investment Companies & Funds
Phatisa Food Fund 2
5,767,300.00
Ghana, Kenya, Malawi, South Africa, Tanzania, Uganda, Zambia
29/01/2021
Equity
Financial Institutions
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10,000,000.00
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Debt
Investment Companies & Funds
European Financing Partners S.A.
6,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
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Equity
Investment Companies & Funds
Grofin East Africa Fund LLC.
2,211,000.00
Kenya, Rwanda, Tanzania, Uganda
25/01/2006
Equity
Investment Companies & Funds
AgRIF Coöperatief U.A.
105,000.00
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
11/09/2018
Subsidy
Investment Companies & Funds
AgRIF Coöperatief U.A.
5,438,332.50
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
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Equity
Enterprises
Enko Education
850,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
17/12/2020
Debt
Investment Companies & Funds
Zoscales Fund I
350,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/11/2020
Subsidy
Investment Companies & Funds
Ascent Rift Valley Fund II
2,000,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
17/12/2020
Equity
Investment Companies & Funds
Ascent Rift Valley Fund II
5,743,220.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/12/2020
Equity
Financial Institutions
ACEP Group
30,900.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
30/07/2018
Subsidy
Financial Institutions
Alterfin
3,000,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
15/07/2020
Debt
Investment Companies & Funds
Fairtrade Access Fund
350,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
07/04/2020
Subsidy
Investment Companies & Funds
Zoscales Fund I
21,757.30
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
12/11/2019
Subsidy
Investment Companies & Funds
Frontier Energy II
8,151,000.00
Kenya, Rwanda, Tanzania, Uganda
21/03/2018
Equity
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
Investment Companies & Funds
Alterfin
250,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
13/12/2002
Equity
Investment Companies & Funds
Fairtrade Access Fund
3,000,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
24/10/2019
Equity
Financial Institutions
ACEP Group
4,100,000.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
14/10/2019
Equity
Investment Companies & Funds
Verod Capital Growth Fund III
8,733,600.00
Ghana, Nigeria
25/07/2019
Equity
Investment Companies & Funds
Africa Renewable Energy Fund
8,896,000.00
Ghana, Kenya, Senegal, Uganda, Zambia
30/10/2014
Equity
Investment Companies & Funds
Beyond the Grid Solar Fund
4,175,007.50
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda
26/10/2017
Debt
Investment Companies & Funds
Agri-Vie Fund II
6,552,700.00
Kenya, South Africa, Tanzania, Uganda, Zambia
20/01/2017
Equity
Financial Institutions
ACEP group
67,512.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
23/07/2019
Subsidy
Investment Companies & Funds
Ethos Mezzanine Partners 3
8,868,980.00
Burundi, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, South Africa, Tanzania, Uganda, Zambia
13/06/2019
Equity
Enterprises
Enko Education
2,000,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
20/09/2018
Debt
Investment Companies & Funds
Zoscales Fund I
4,169,100.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
18/04/2019
Equity
