DPI Management Limited ("the Investment Manager") a limited liability company formed under the laws of Mauritius, is an associate of Development Partners International LLP ("DPI" or "the Investment Adviser"). The Investment Adviser is based in London established to advise on investments in Africa. The Investment Adviser is a first-time team with solid investing, operational, and industry background and strong local knowledge and network.

It is proposed that IFC will invest up to EUR30 million in the Fund.

24.80 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	24.80

* These investment figures are indicative

The Fund is formed as a limited liability company under the laws of Mauritius. The Investment Manager, DPI Management Limited, is responsible for managing the assets and investment operations of the Fund.

- Encouraging economic development impact in general and private sector development in particular, by investing in high-growth companies, which is expected to lead to above-average rates of job creation;
- Providing much needed growth and expansion capital and value enhancing advice to companies located in frontier markets throughout Africa;
- Improving companies'' sustainable development by helping to implement best practice corporate governance and environmental and social standards; and
- Paying particular attention to companies located in post-conflict and newly liberalizing countries which are facing difficulty attracting investors'' attention due to negative perceptions of stability and growth prospects.

- Playing a catalytic role in supporting an emerging fund manager;
- Structuring the Fund''s terms to international standards;
- Helping to adapt best-practice corporate governance at the fund and portfolio company level;
- Providing additional industry experience on the Fund''s advisory board level; and
- Helping disseminate environmental and social best practices at the portfolio company level.

This project has been classified as a Category FI project according to IFC''s Environmental and Social Review Procedure. During appraisal, IFC analyzed the Fund''s expected portfolio and sectors of investment and determined as the Applicable Performance Requirements (i) the IFC FI Exclusion List; (ii) the applicable National Social and Environmental Laws and Regulations and (iii) the IFC Performance Standards. IFC also reviewed the capacity of the fund to manage social and environmental risks and to establish and maintain a Social & Environmental Management System (SEMS). Based on the assessment the Fund Manager will be required to (i) upgrade the SEMS, prior to commitment to the satisfaction of IFC to ensure compliance with the Applicable Performance Requirements, (ii) continue to retain qualified persons to manage and implement the SEMS, (iii) commit to implement the SEMS to ensure that its investments are in compliance with the Applicable Performance Requirements and (iv) submit a periodic report to IFC as per a format to be provided by IFC. Additionally IFC will review the implementation and performance of the Fund’s SEMS for the first three projects, prior to the Fund’s investment, to ensure that the Fund’s SEMS is robust.