• Reference: P-Z1-HAA-043
  • Approval date: 13/12/1901
  • Start date: 01/01/2002
  • Appraisal Date: 13/12/1901
  • Status: OngoingOnGo
  • Implementing Agency: --
  • Location: Namibia, Zimbabwe, Zambia and Malawi


The proposed investment is an equity participation in Business Partners International Southern African SME Fund (


2.1. This project emanates from a proposal made by BPI to the Bank requesting an equity amount not exceeding USD7 million to BPI SA, an investment Fund targeting total capital commitments of USD40M to invest in SMEs in Zambia, Namibia, Malawi and Zimbabwe. This presents an opportunity for the Bank to invest in an SME financier that has shown persistence in understanding the needs of the sub-Saharan African SME market and a commitment to tuning its successful underlying model to the needs of different countries. BPI SA also seeks a parallel Technical Assistance (TA) Facility of USD1.5 M from donors, in which the Bank will not participate.

2.2. BPI SA


3.17. Economic Performance: It is expected that approximately 150 SMEs will benefit from the financing provided by BPI SA in the target countries. This flows from the expected ticket sizes (USD50,000 to USD1M) vis-

Key contacts

OTONGLO Caroline - OFSD1


Finance source Amount
ADBUSD 4,534,325
DeltaUSD 21,438,075
TotalUSD 25,972,400