PROJECT

Projects

Summary of Proposed Investment

Project Number

29449

Company Name

Eight Africa Fund I (Mauritius) Limited

Date SPI Disclosed

Mar 16, 2010

Country

Africa Region

Industry

Infrastructure

Projected Board Date

Apr 15, 2010

Status

Active

Sector

Private Equity/Venture Cap Fund - Regional

Date Revised SPI Disclosed

Apr 13, 2010

Department

Equity Portfolio Management

Environmental Category

FI

Previous Events

Approved : May 6, 2010
Signed : Dec 23, 2011
Invested : May 10, 2012

Project Description

8 Miles Fund I 'A' LP, into which it is proposed IFC will invest, is one of a number of parallel vehicles constituting a pan-African private equity fund ("8 Miles" or the "Fund"), seeking majority and controlling positions, which will provide growth and expansion capital to mostly mid cap companies with the potential to expand locally as well as regionally within and between Sub-Saharan and North Africa.

Sponsor / Cost / Location

Development Impact