European Financing Partners S.A.

Debt : December 2022

BIO has approved a EUR 20 M facility to the European Financing Partners with the aim to provide financing to a different range of project companies in countries included in the OECD DAC list in syndication with other EDFIs.

Amount

€ 20,000,000.00

Type of investment

Debt

Development impacts

  • Local economic growth
  • Access to basic services & goods
  • Fight against climate change and preservation of natural resources

Beneficiary locations

Asia:
Latin America and Caribbean:
Middle East & North Africa:
Sub-Saharan Africa: 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

Investment field

Investment Companies & Funds

Activity

KK.64.300 SME Fund

Organisation

European Financing Partners S.A.

Domicile

Luxemburg

More investments in

European Financing Partners S.A.

  • Debt € 15,000,000.00 (2020)
  • Debt € 5,000,000.00 (2010)
  • Equity € 6,000.00 (2003)

The objective of EFP is to finance projects with the goal of promoting sustainable development of the private sector in Eligible Countries and to strengthen the cooperation between EDFIs and the EIB. This new Master Investment Agreement (MIA) will include two investment windows: EFP window and ICCF window.

EFP will continue to be focused on financing private companies such as financial institutions and SMEs & Corporates, while the ICCF objective is to finance climate change and climate efficiency projects and to demonstrate to private sector investors the financial attractiveness of climate-friendly projects in developing countries and emerging markets, thereby serving a catalytic role in attracting long-term investments. ICCF will contribute to promoting the use of clean technology as an integral part of economic development and contemplates the provision of long-term financing for renewable energy and energy efficiency projects in countries suffering from significant energy shortage/access and, hence, contributes to economic development.

Development impacts

  • Local economic growth

    The facility will provide access to long-term financing to SMEs/Corporates and FIs through the EFP window and to Infrastructure projects through the ICCF window, supporting the creation and maintaining existing jobs

  • Access to basic services & goods

    ICCF facilitates access to reliable and affordable electricity sources at predictable costs; contributes to the reduction of energy shortages and deficient infrastructure.

  • Fight against climate change and preservation of natural resources

    ICCF will contribute to promoting the use of clean technology as an integral part of economic development and contemplates the provision of long-term financing for renewable energy and energy efficiency projects in countries suffering from significant energy shortage/access and, hence, contributes to economic development. All projects supported by ICCF contribute to carbon emission reductions. ICCF estimates the carbon footprint of all projects in which it invests.

Summary of E&S due diligence:

In the EPF-ICCF facility, BIO will leverage on the E&S practices of the Promoting Partners (PPs). PPs can be the European Investment Bank (EIB) or one of the European Development Financial Institutions (EDFI) who share with BIO the E&S commitments stated in the EDFI Principles for Responsible Financing of Sustainable Development.

Furthermore, the PPs - whose E&S team will perform the E&S due diligence, negotiate the ESAP with the Project Company and will take care of the monitoring - agreed to use the EDFI E&S Harmonised Standards (or similar ones for EIB).

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

K.64.3 Trusts, funds and similar financial entities

Aspen Pharmacare Holding Limited

C.21.1 Manufacture of basic pharmaceutical products

Careworks

Uganda

Q.86.1 Hospital activities

Cements du Sahel - CDS

Senegal

C.23.5 Manufacture of cement, lime and plaster

Coop Bank

Kenya

K.64.1 Monetary intermediation

Ecosac

Peru

ETG

A.01.1 Growing of non-perennial crops

Indorama Eleme Fertiliser

Nigeria

C.20.1 Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms

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

D.35.1 Electric power generation, transmission and distribution

Scancem

C.23.5 Manufacture of cement, lime and plaster

Zambeef

Zambia

A.01.4 Animal production

Read impact and news about this project

European DFIs reinforce co-financing platform with an extra EUR 680 million

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European DFIs reinforce co-financing platform with an extra EUR 680 million

21-12-2022

The European Investment Bank (EIB) and nine European bilateral DFIs replenish the existing joint financing facility - the European Financing Partners (EFP) - to scale up their Team Europe contribution over the next three years.

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