PROJECT

Projects

Summary of Investment Information

Project Number

37643

Company Name

AFIG FUND II LP

Date SPI Disclosed

Mar 18, 2016

Country

Western Africa Region

Region

Africa

Projected Board Date

Apr 28, 2016

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 13, 2022

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 26, 2016
Signed : Jul 28, 2016
Invested : Sep 13, 2016

Sector

Growth Equity Fund

Project Description

The project proposes an IFC investment of US$15 million, not to exceed 20% of committed capital, in AFIG Fund II (the “Fund”), a 10-year closed-end fund raising US$300 million to invest in SMEs in East, West and Central Africa. The Fund will primarily provide expansion capital investments to established, successful businesses seeking capital to grow.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation