This investment was made when British International Investment was named CDC Group.
Our investment
Description of the 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.
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 reportsandcomplaints@bii.co.uk or by mail. See more details on our Reporting and Complaints Mechanism here.
For any other general enquiries contact us at enquiries@bii.co.uk
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Key facts
- Last updated
:
When the last quarterly update of the website database occurred.
- June 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
- 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
- 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
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.
- Last updated
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 |
