Project Notice
|
| PNR |
70808 |
| Project Name |
EU-AFRICA ADENIA ENTREPRENEURIAL GROWTH FUND |
| Project Detail |
This operation supports the growth of companies in Africa with strong commercial links with Europe, operating in sectors aligned with the EU-Africa Global Gateway Investment Package and the EU priorities in the Southern Neighbourhood and Sub-Saharan Africa. As the EU Bank, the EIB will lead the Team Europe effort to catalyse both private and public sector investors with 80% of the total commitments to the new fund expected to come from EU investors. Objectives The aim is to support the growth and institutionalisation of private companies in the Southern Neighbourhood and Sub-Saharan Africa, as well as enhance trade between the EU and small and medium-sized enterprises (SMEs) in the region. Comments N/A Sector(s) Services - Financial and insurance activities Proposed EIB finance (Approximate amount) USD 38 million (EUR 33 million) Total cost (Approximate amount) USD 150 million (EUR 133 million) |
| Funded By |
Inter-American Development Bank (IADB) |
| Sector |
Services |
| Country |
Various Countries , Southern Asia |
| Project Value |
AL 150,000,000
|
