Skip to main content

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

Beneficiary locations

Africa: Angola, 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
Asia:
Latin America and Caribbean:
Middle East:

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

    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


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

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

News

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.

Read more
BIO invests in vaccine production in Africa

News

BIO invests in vaccine production in Africa

05-10-2021

Through European Financing Partners - a joint venture between the European Investment Bank (EIB) and several European DFIs - the Belgian Investment Company for Developing Countries (BIO) is investing EUR 1.56 million in the production of covid and other vaccines in Africa.

Read more

View more of our investments in this region

Alterfin

Financial Institutions

Alterfin

 350,000.00

  25/03/2025

  Subsidy

Mutual Trust Bank

Financial Institutions

Mutual Trust Bank

 25,167.00

  Bangladesh

  27/02/2025

  Subsidy

Agroserv Industrie SA

Enterprises

Agroserv Industrie SA

 11,190.00

  Burkina Faso

  16/01/2025

  Subsidy

Gebana Burkina Faso

Enterprises

Gebana Burkina Faso

 24,244.00

  Burkina Faso

  16/01/2025

  Subsidy

African Rivers Fund IV

Investment Companies & Funds

African Rivers Fund IV

10,000,000.00

  Angola, Democratic Republic of Congo, Uganda, Zambia

  05/12/2024

  Equity

Navis Asia Credit Fund LP

Investment Companies & Funds

Navis Asia Credit Fund LP

15,000,000.00

  Indonesia, Philippines, Vietnam

  04/12/2024

  Equity

Navis Asia Credit Fund LP

Investment Companies & Funds

Navis Asia Credit Fund LP

5,000,000.00

  Indonesia, Philippines, Vietnam

  04/12/2024

  Equity

Banco Guayaquil

Financial Institutions

Banco Guayaquil

20,000,000.00

  Ecuador

  04/12/2024

  Debt

La Mesa de Finanzas Sostenibles

Financial Institutions

La Mesa de Finanzas Sostenibles

12,322.00

  Paraguay

  18/11/2024

  Subsidy