British International Investment

European Financing Partners V

AfricaDemocratic Republic of CongoGhanaKenyaNigerNigeriaTanzaniaEast AfricaGlobalCommunications & IT servicesFinancial servicesInfrastructure

Established in 2003, European Financing Partners (EFP) is an investment matching facility for European DFIs. The EFP allows them to effectively provide joint financing for sustainable development in selected African, Caribbean and Pacific private sectors

This investment was made when British International Investment was named CDC Group.

Our investment

Description of the investment.

In 2013, CDC invested $30 million into European Financing Partners V, as part of an overall investment round of €225 million to replenish the EFP and provide fast track access to finance for new projects in the ACP group of states.

EFP's shareholders include the EIB, CDC, Belgium's IO, Spain's Cofides, Germany's DEG, Finland's Finnfund, Dutch development bank FMO, Norway's Norfund, France's Proparco and Sweden's Swedfund.

Expected impact

Expected impact of investments made between 2012 and 2018. From 2019 onwards, we have published a fuller set of impact information, assessing each investment against six dimensions of impact.

Since its inception, EFP has financed projects in 15 ACP countries in several key sectors, including health, industry, power, financial intermediaries, communications, agribusiness, and air transport.

The partnership also provides strategic advice and support.

These investments will foster economic growth, including supporting entrepreneurs in these emerging markets, and lead to an overall reduction in poverty.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    :
    March 2024
    Project number

    An identifier number shared by investments in the same project.

    :
    D178
    Status

    The current status of the investment (green flag for active and red flag for exited).

    :
    Active
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    :
    East Africa, Global
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Communications & IT services, Financial services, Infrastructure

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Fund
    Start date :
    September 2013
    Amount :
    $33.06m
    Currency of investment :
    EUR
    Fund Manager:
    European Financing Partners SA
    Domicile

    The company or investment fund’s place of incorporation.

    :
    Luxembourg

Investments made by this fund into companies:

For further information about these companies, visit https://www.edfi.eu/facility/efp/

Investment name Country Region Sector Start date Status
Chase Bank (Kenya) Kenya East Africa Financial services December 2014 Exited
Eaton Towers – EFP V Niger West Africa Communications & IT services September 2016 Exited
EFP V – Skye Bank Nigeria West Africa Financial services September 2014 Exited
Fidelity Bank Plc Ghana West Africa Financial services September 2014 Active
Ghana Home Loans Ghana West Africa Financial services January 2017 Exited
Helios Towers DRC Democratic Republic of Congo Central Africa Communications & IT services July 2015 Exited
Mobisol GmbH Tanzania East Africa Infrastructure September 2015 Exited
Olkaria 4 Kenya East Africa Infrastructure December 2016 Active
Stanbic Bank Africa Africa Financial services April 2015 Exited

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