PROJECT

Projects

Summary of Investment Information

Project Number

48735

Company Name

Equator Africa Fund, LP

Date SPI Disclosed

Nov 2, 2023

Country

Africa Region

Region

Africa

Projected Board Date

Dec 2, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 11, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jul 30, 2024
Signed : Sep 17, 2024
Invested : Oct 9, 2024

Sector

Venture Capital Fund

Additional Project Attributes

Blended Finance

Project Description

 IFC is considering an equity investment of up to US$5M in Equator Africa Fund, LP (“the Fund”), a Sub-Saharan Africa focused VC fund investing in tech-enabled ventures in the Energy, Agriculture, and Mobility sectors with a focus on mitigating climate change. The Project is expected to be supported by the Korea Green, Resilient, and Innovative Development facility (“K-GRID”).                                                  

Associated Advisory Engagement

There are no Advisory Services engagements associated with this Project.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation