XM-DAC-903-SII-33116
International Finance Corporation
Lereko Metier Sustainable Capital Fund Trust
The proposed investment involves an equity investment by IFC of up to US$20 million in the Lereko Metier Sustainable Capital Fund Trust (LMSC or the Fund). The Fund is seeking to raise up to US$120 million and will undertake investments in clean technology initiatives including renewable energy, energy efficiency, water, and waste sectors in South and Southern Africa. The Funds investment strategy will be achieved by acquiring control and significant minority positions in projects and businesses that fall within its intended sectors. LMSC will seek out opportunities where it has a competitive ownership advantage over other sources of capital to deliver value in the strategic, operation and governance development of its investments. The Fund plans to limit technology risk by focusing on investments with an established international business model or commercially proven technology that is implemented locally and accepted by local lenders. The Fund will make 10-15 investments in the target sectors.
The Fund is expected to have significant development impact on its investees by: i) Reduction of CO2 and other GHGs by investing in renewable energy and cleaner technology projects, thus contributing to a reduction in carbon emissions; ii) Supporting business focusing on climate change and clean technology; iii) Supporting regional developmental objectives and environmental commitments toward investment into clean and efficient energy, water and waste sectors; iv) Stimulating job creation by supporting job growth in new sectors; v) Implementing best practice ESG at both the Fund and investee level.
LEREKO METIER SUSTAINABLE CAPITAL FUND
Marc Immerman Lereko Metier Sustainable Capital Fund Trust Tel: +27 (0) 11 268 4048Fax: +27 (0) 86 681 7002Mobile: +27 (0) 82 903 4607Email: mailto:marc@metier.co.za
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Southern Africa Region
The Fund is established as a bewind trust structure domiciled in South Africa. The Fund will invest primarily within South Africa, with investments outside South Africa of up to 25% of Commitments.
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
P-BA - Private Equity/Venture Cap Fund - Country
Total: $20.00 million
20000000.00
20000000.00
LEREKO METIER SUSTAINABLE CAPITAL FUND
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33116/lereko-metier-sustainable-capital-fund-trust
XM-DAC-903-SII-36751
International Finance Corporation
Capricorn Investment Holdings Ltd. Multi Country Facility
IFC will provide a Senior Loan of up to US$75 million to Bank Windhoek Ltd the bank, a systemic financial institution 100% owned subsidiary of Bank Windhoek Holdings Limited (BWHL), which is listed on the Namibian Stock Exchange. The purpose of the project is to provide the only locally owned bank with long-term funding which is currently in limited supply in Namibia. The project will mark the beginning of a strategic partnership with Capricorn Investment Holdings (CIHL) which holds 55% in Bank Windhoek Holdings Limited, and should facilitate further projects with CIHLs subsidiaries in other countries.
1. Local Market Development: The project will supporting the deepening of the local financial market in Namibia through the provision of local currency long term funding which is not readily available. 2. Improved E&S Standards: IFC''s investment will help the bank implement enhanced Environmental and Social management systems.
BANK WINDHOEK
Jaco Esterhuyse Bank Windhoek Holdings Limited Bank Windhoek Building 262 Independence Avenue Windhoek, Namibia Telephone: 264 61 299 1231 E-mail: mailto:Esterhuyse.J@bwholdings.com.na
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Bank Windhoek Holdings Limited Bank Windhoek Building 262 Independence Avenue Windhoek, Namibia
Southern Africa Region
Bank Windhoek Limited is headquartered in Windhoek, Namibia, with 55 branches, sub-branches and agencies, across the country.
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
O-AA - Commercial Banking - General
Total: $68.97 million
68970000.00
68970000.00
BANK WINDHOEK
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36751/capricorn-investment-holdings-ltd-multi-country-facility
XM-DAC-903-SII-44803
International Finance Corporation
Salt Equity I
The proposed project is an investment in Salt Equity I (Fund or Salt) which will invest in equity in Small and Medium Enterprises (SMEs) in Southern Africa across sectors such as food and beverage, supply chain, financial services, healthcare and education
The main project-level outcomes are: (i) increased access to growth capital for underserved SMEs in Southern Africa (ii) investee growth, which will be supported by the Fund Managers value creation strategies; and (iii) contribution to market creation by supporting the Fund Manager to catalyze investors for the domestic private equity industry.
SALT CAPITAL
Salt Capital Jan Bosch Managing Partner +44 203 008 6575 jbosch@saltcapital.com The Link, 173 Oxford Road, Rosebank, Johannesburg, 2196 https://www.saltcapital.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Southern Africa Region
Salt is established as a limited partnership registered in Jersey however investments by the Fund will be across the SADC region (Angola, Botswana, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Tanzania, Zambia and Zimbabwe)
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
P-GD - Small Business Fund
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44803/salt-equity-i
XM-DAC-903-SII-44821
International Finance Corporation
DARP SA GPC
The Project entails an IFC investment of up to US$20 million to a Private Credit Special Situations fund (Greenpoint Capital Special Situations Credit Fund or the Greenpoint Fund) with a target size of US$100 million (the rest to be mobilized), in partnership with Greenpoint Capital (Greenpoint), an experienced private credit fund manager (the Project). The Greenpoint Fund will deploy capital to financially stressed but otherwise viable operating companies in Southern Africa, making them more resilient and preserving jobs.
The most significant expected Project-level outcome is to provide financially stressed but otherwise viable mid-market enterprises with flexible funding solutions to strengthen the capital structure and consequently preserve jobs. IFC also anticipates that the Project has the potential to promote greater market competitiveness via demonstration and replication channels.
DARP SA GPC
Greenpoint Capital (Pty) Ltd Nic van Zyl Co-Managing Partner NA info@greenpointcapital.co.za 25 Protea rd., 4th Floor, The Terraces, Claremont, Cape Town, South Africa www.greenpointcapital.co.za/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Southern Africa Region
The Fund will primarily focus on South Africa, with a maximum 20% capital allocation to other Southern African countries.
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
O-FB - Distressed Assets SPV
Total: $20.00 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44821/darp-sa-gpc
XM-DAC-903-SII-46502
International Finance Corporation
DARP SA Nimble
The proposed project entails setting up a new investment regional facility in Sub-Saharan Africa (DARP SA Nimble) under IFCs Distressed Assets Recovery Program (DARP), to acquire and resolve unsecured retail non-performing loans (NPLs) in South Africa, Namibia, Lesotho, Eswatini, Botswana and Kenya (Target Markets) as well as single asset investments in South Africa. The proposed facility will have US$148 million equivalent in ZAR in available committed capital, of which IFC will commit up to US$40 million as senior debt, Nimble Group (Pty) Ltd (Nimble) will commit up to US$35 million as junior debt, and other senior lenders will provide the balance (the Project).
The key expected Project-level outcomes are (i) the offloading of retail NPLs in the Target Markets, which will release capital, decrease liquidity needs, and normalize retail obligations, allowing households to re-enter the banking system; and (ii) the enabling of local financially stressed companies to access special financing otherwise not available to them, so they can continue with their business activities, saving many of them from liquidation, and preserving jobs. Beyond the Project-level outcomes, IFC anticipates that the Project will improve financial integration through demonstration and replication, and enabling framework channels, supporting the creation of an enabling platform for cross-border investments in distressed assets to reduce NPL levels in multiple financial institutions.
NIMBLE CREDIT FACILITY II PROPRIETARY LIMITED
Nimble Group (Pty) Ltd Rowan Gordon CEO +27 21 830 0750 rowan@nimblegroup.co.za 35 Brickfield Road Woodstock 7925 Private Bg XI Cape Town South Africa http://www.nimblegroup.co.za
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Southern Africa Region
South Africa, Botswana, Eswatini, Lesotho, Namibia, Kenya, and potentially other Sub-Saharan African countries.
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
O-FB - Distressed Assets SPV
Total: $40.00 million
40000000.00
40000000.00
NIMBLE CREDIT FACILITY II PROPRIETARY LIMITED
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46502/darp-sa-nimble
XM-DAC-903-SPI-25528
International Finance Corporation
Blue Financial Services Limited
Founded in 2001, Blue Financial Services Limited (Blue Financial or the company) operates in South Africa, Botswana and Zambia. Blue Financial along with its subsidiaries, Blue Incremental Home Loans and Blue Cell, and its associate company Greenstart Home Loans, is a leading consumer finance company which provides innovative and affordable credit solutions to its clients. The company has a network of 35 branches (10 in South Africa, 12 in Botswana, 10 in Zambia, 2 Tanzania and 1 in Uganda) and employs more than 300 staff members. In the next five years, the company plans to open more than 60 new branches. During the year, Blue Financial made an application to be listed on the Alternative Stock Exchange (AltX) of the Johannesburg Stock Exchange (JSE) and it received permission to list on the ALTX after meeting all the requirements. The company listed its shares on October 12, 2006 at a price of ZAR1 per share and as of November 9, 2006 the share price had increased to ZAR3.55 per share. The proposed project consists of an IFC investment of up to $20 million equivalent in the company consisting of: - an equity investment of up to $10 million equivalent in newly issued common shares representing up to 10% of the company''s common shares; and - a senior loan of up to $10 million equivalent. The IFC investment of up to $20 million is the revised IFC investment and initially, the proposed project consisted of a $10 million senior term loan. The IFC investment in Blue Financial Services Limited will be used to support the companys consumer lending business in the Southern Africa region. Due to the staged growth in the total shareholders funds of the company, exposure on IFCs proposed project will be limited to 50% so that it is in line with IFCs investment guidelines.
- Development of non-bank consumer Finance: By working with Blue Financial in the consumer finance market, IFC would promote the development of the non-bank consumer finance industry in various African countries and enhance the purchasing power and regulated consumer credit options of lower-income individuals in South Africa, Botswana, Zambia, and potential other countries. - Private Sector Development: The project will continue to build on the proven business model of Blue Financial, and support the company as it transfers this model into new markets. Supporting several players in this market segment will promote competition, encourage the development of superior customer service and directly benefit end users of consumer finance. Providing an alternative to both unregulated loan-sharks and inflexible commercial banks, this project will have a tangible positive development impact for many thousands of ordinary low-income borrowers.
BLUE FINANCIAL SERVICES (SOUTH AFRICA) (PTY) LTD
Mr. Dave van Niekerk Blue Financial Services Ltd Telephone: (27) 12 348 8088 Fax: (27) 12 348 1505 E-mail: dave@blue.co.za Website: www.blue.co.za
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Southern Africa Region
Blue Financial is headquartered in Pretoria, South Africa, and has a network of 35 branches (10 in South Africa, 12 in Botswana, 10 in Zambia, 2 Tanzania and 1 in Uganda) and employs more than 300 staff members.
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
CA - Finance Companies
Total: $20.00 million
10000000.00
10000000.00
10000000.00
BLUE FINANCIAL SERVICES (SOUTH AFRICA) (PTY) LTD
10000000.00
BLUE FINANCIAL SERVICES (SOUTH AFRICA) (PTY) LTD
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25528/blue-financial-services-limited
XM-DAC-903-SPI-26382
International Finance Corporation
Evolution One Limited Partnership
Evolution One LP (Evolution One or the Fund) is a specialist private equity fund that plans to make investments in sustainability businesses in targeted countries within the Southern Africa region. Sustainability encompasses clean technologies like renewable and alternative forms of energy generation, energy efficiency technology, water purification and water quality management, waste management, eco-tourism, green real estate and carbon credits. The Fund, which will be denominated in South African Rand, is seeking equity commitments of up to Rand 1 billion (~ $140.8 million) from local and international investors. Evolution One intends to be the pioneer fund providing risk equity capital to sustainability businesses in its target countries: - South Africa where up to 75% of total committed capital will be invested; and - countries within the Southern Africa Development Communities (SADC) such as Mozambique, Zambia, Angola, Lesotho and Swaziland. The Fund will invest in a number of high-growth investment sub-sectors including clean energy and energy efficiency, emissions control, water and waste management and green real estate.
Development Impact: The Fund is expected to deliver strong impacts by: - Investing risk capital in an evolving industry which is underserved by local bank lending programs; - Contributing to positive environmental preservation and reduction of greenhouse emissions.
EVOLUTION ONE (BVI) LP
Mr. Christopher Clarke Inspired Evolution Investment Management PostNet Suite 136, Private Bag X26 Tokai 7966, Cape Town, South Africa. Chris@inspiredevolution.co.za
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Southern Africa Region
The Fund management team will be located in South Africa and will make investments in South Africa and other countries in the Southern Africa region.
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
BB - Private Equity/Venture Cap Fund - Regional
Total: $20.00 million
20000000.00
20000000.00
EVOLUTION ONE (BVI) LP
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26382/evolution-one-limited-partnership
XM-DAC-903-SPI-27674
International Finance Corporation
Agri-Vie Project
Agri-Vie Agribusiness Fund (or the Fund), is an agribusiness private equity fund with the purpose of making growth equity and equity related investments in agribusiness companies in the Sub-Saharan Africa (or the Region). The Fund will seek investments in commercially attractive agribusiness projects with sound environmental and social practices. The Fund is constituted through a (i) a public protected cell company incorporated in Mauritius (the PCC) and (ii) a South African En Commandite Partnership (the South African Partnership). The Fund will be managed by AA Fund Managers (Pty) Ltd (AAFM or the Investment Manager), incorporated in Mauritius, which draws on advice from Agri-Vie Investment Services (Pty) Ltd (AVIA) incorporated in South Africa. Herman Marais, Izak Strauss, Avril Stassen, and David Douglas are the managers of the Fund.
The Fund will contribute to the economic development of the Region by helping to provide scarce development capital that is not likely to be satisfied by the Regions debt and equity capital markets. The management team expects to take an active role with its portfolio companies to ensure that they have sufficient resources to pursue their growth strategies, strengthen its corporate governance, and achieve operational, financial and costs improvements. The growth and success of these companies, in turn, will have a positive impact on food production, exports, job creation and formalization, increased employee benefit coverage, development of employee skills, transfer of knowledge and consumers in the Region.
AGRI-VIE FUND PCC
Agri-vie Investment Advisors (PTY) LTD
The Vineyards Office Estate
99 Jip de Jager Avenue, Bellville 7536
Cape Town, South Africa
TEL: + 27 21 913 5662
FAX: +27 21 913 8954
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Southern Africa Region
The Fund will invest in Sub-Saharan Africa with a focus in Southern and Eastern Africa. The management team will be based in Cape Town, South Africa and Nairobi, Kenya
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
BC - Private Equity/Venture Cap Fund - Sector
Total: $7.00 million
7000000.00
7000000.00
AGRI-VIE FUND PCC
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27674/agrivie-project
XM-DAC-903-SPI-31070
International Finance Corporation
BP Southern Afri
The proposed investment involves an equity investment by IFC of up to $8 million in the Business Partners International Southern Africa SME Fund (the Project or the Company). The Fund is seeking to raise $40 million and will provide commercially sustainable financing and technical assistance to local SMEs in Malawi, Zambia, Zimbabwe and Namibia.
The Fund will seek to invest in entrepreneurs who are building businesses that provide steady income for their families and serve unmet market demand in their local communities. Targeting this group of entrepreneurs maximizes the reach of the Fund, supports business growth in the selected countries, creates and sustains jobs, and helps to develop the local communities that family entrepreneurs are serving. These businesses must demonstrate viable business plans, sustainable market demand, and value-added management and operational capabilities.
The Fund will achieve developmental impact via:
1) Providing investment options for SMEs to diversify and boost economic and social development;
2) Encourage economic and private sector development in local communities, providing much needed equity capital for SMEs, and promoting job creation;
3) Building institutional capacity of local companies through technical assistance programs;
4) Implementing best-practice corporate governance and social and environmental standards at the Fund and Investee level.
BUSINESS PARTNERS INTERNATIONAL SOUTHERN AFRICA SME FUND
Mark Paper
Chief Operating Officer
Business Partners International
Tel : +27 (0)11 - 713 6600
Cell: +27 (0) 82 374 1939
Fax: +27 (0)11 - 713 6650
e-mail: mpaper@businesspartners.co.za
Web site: www.businesspartners.co.za
SME Toolkit website: http://southafrica.smetoolkit.org
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Southern Africa Region
The Fund is established as a Limited Life Company incorporated under the Laws of Mauritius (Mauritius Companies Act 2001) and will make direct investments through its respective wholly owned subsidiaries incorporated in Malawi, Zambia, Zimbabwe and Namibia respectively.
Location description
A description that qualifies the activity taking place at the location.
-24.0000000000 19.0000000000
BB - Private Equity/Venture Cap Fund - Regional
Total: $8.00 million
8000000.00
8000000.00
BUSINESS PARTNERS INTERNATIONAL SOUTHERN AFRICA SME FUND
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31070/bp-southern-afri