Third ECP Africa Fund (EAF 3)
- Reference: P-Z1-HAA-018
- Approval date: 13/12/1901
- Start date: 01/01/2002
- Appraisal Date: 13/06/2008
- Status: OngoingOnGo
- Implementing Agency: EMERGING MARKETS PARTNERSHIPS AFRICA MANAGEMENT LP
- Location: Pan-African
ECP African Fund III is a pan-African, multi-sector fund whose target endowment is USD 1 billion. The Fund will provide long term financing to African businesses, focusing primarily on the telecoms, financial, energy, natural resources and agribusiness sectors. Investments will be through equity and quasi-equity instruments.
The objective of the Fund is tom mobilize long term risk capital for investment in Africa's strategic companies. The target sectors include Financial, telecoms, natural resources, and agribusiness.
The proposed investment supports financial system development on the continent and provides scarce long-term funding for strategic African Companies.
The fund will general significant development and social benefits including increased output and job creation, additional fiscal revenues, financial system development, private sector development, extension of goods and services to rural areas, and spread of international best practices.
NGURE Josephine Waithira - OPSD1