Grofin East Africa Fund LLC.

Equity : January 2006 - December 2022

BIO has invested USD 3 M in equity in the Grofin East Africa Fund LLC., an SME fund focused on East Africa.

Amount

€ 2,211,000.00

Type of investment

Equity

Development impacts

Local economic growth

Beneficiary locations

Africa: Kenya, Rwanda, Tanzania, Uganda

Investment field

Investment Companies & Funds

Activity

KK.64.300 SME Fund

Organisation

Grofin East Africa Fund LLC.

Website

https://grofin.com/

Domicile

Mauritius

The Fund invests an average of US$300,000 in small enterprises with good growth potential. The Fund mainly provides loans to SMEs ranging from € 100,000 to € 1 M. The fund concentrates on providing risk finance for start-ups, early stages, expansions or rationalisations in small businesses.

Exit

In February, 2015, GEAF was liquidated, with the remaining assets transferred to a liquidating trust. This trust was dissolved in 2020.

Development impacts

Local economic growth
Access to long-term financing for SMEs
Investments in Small and Medium Enterprises

Know-how and technology transfer to investees
GroFin and the Fund will provide not only finance but also regular technical support to SMEs in order to create and encourage the adequate managerial, operational and financial structure and maximize therefore the value of the Fund’s investments.