Project Summary Note



Project Summary Note - The Africa Finance Corporation (AFC) - Multinational

Founded in 2007, the Africa Finance Corporation (“AFC” or “the Corporation”) is a multilateral development financial institution dedicated to infrastructure financing in Africa, through debt, equity, project development, financial advisory and treasury management services. The Corporation focuses on bridging Africa's large infrastructure deficit by financing projects with high developmental impact and economic growth. AFC’s mission is to foster industrial development of African countries, while delivering a competitive return on investment to its shareholders. As part of its mandate, the...

Project Summary Note - Africa Food Security Fund

In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa.

Project Summary Note - Quantum Power Menengai Geothermal Power Project

The Project involves development of a 35 MW Geothermal Power Plant at the Menengai Geothermal Field in Nakuru County, Kenya under Build-Own-Operate (BOO) model (the Project). The Electricity generated will be evacuated through a 13 km 132 kV transmission line which has been completed and energized by the Kenya Electricity Transmission Company Limited (KETRACO).

Project Summary Note - Kopere 40 Mw Solar Pv Ipp

Design, construction and operation of a 50 MWp (40 MWac net capacity) solar PV power project, 5 km from the center of Kopere in Nandi County (‘the project’). The project involves the construction of a 33/132 kV substation and a 1.8 km T-line to evacuate the electricity to the national grid via an existing 132 kV high voltage network operated by KPLC, under a 20-year ‘take or pay’ PPA.

Project Brief - Multi-Sector Private Sector Credit Enhancement Facility (PSF) Risk Participations in Seven ADB Loans

Launched in 2015 by the ADF, the Private Sector Facility (PSF) provides credit risk participations in private sector operations of the African Development Bank in lowincome countries, and is on its way to building a UA 1.1 billion portfolio of exposures

Project Summary Note - Partech Africa Fund

Partech Africa Fund is a Venture Capital Fund dedicated to investing in tech-enabled, innovative, high growth potential and talented entrepreneurs operating early stage companies and applying relevant technologies to address fundamental market constraints with potential to scale across the continent. It focuses on i) financial inclusion (fintech, insurtech, pay as you go, off-grid energy) ii) online and mobile consumers; and iii) more broadly on tech adoption in enterprises especially in industry, education, logistics and transport, health, and agriculture value chain applications

Project Summary Note - Equity investment in construction equity fund as part of climate investor one platform

Equity investment of USD 32.5 million in Construction Equity Fund (CEF), part of the Climate Investor One platform. CEF is one of 3 distinct entities that forms the investment platform Climate Investor One (CIO): (i) the CIO Development Fund (“DF”, funded through concessional funds); (ii) the CIO Construction Equity Fund (“CEF”), with three tiers of capital provided by investors with different risk appetites and income requirements, being concessional financiers, development finance institutions including AfDB (“DFIs”) and commercial investors; and (iii) the CIO Refinancing Fund (“RF”, funded...

Project Summary Note - African Local Currency Bond Fund “ALCB FUND”

The African Local Currency Bond Fund (“ALCB Fund”, the “Fund”), initiated in December 2012 by the German Development Bank (KfW) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) through paid-in permanent capital of USD 47m (all committed capital) is a private limited liability company domiciled in Mauritius. The objective of the Fund is to facilitate local currency corporate bond market development through (i) anchor investments of up to 30% of new bond issues; (ii) crowd in critical local private and institutional investors; and (iii) technical...

Project Summary Note - ARCH Africa Renewable Power Fund L.P

The proposal consists of an equity investment in the first close of the ARCH Africa renewable Power Fund L.P. (“ARPF” or “the Fund”), a USD 250 million private equity fund. The Fund will provide primarily ordinary equity for the development and construction of around 15 greenfield renewable energy projects in Sub-Saharan Africa. ARPF will focus on mature technologies including wind, solar PV, small to medium hydro (run-of-river), geothermal and biomass. The fund scope encompasses both gridconnected as well as decentralized energy projects (commercial & industrial solar, mini-grids and...

Project Summary Note - Fidelity Bank - Nigeria

Long term, specialized and targeted finance to support Fidelity Bank Plc Nigeria (Fidelity) lending activities to women owned enterprises (to account for a minimum of 30% of the facility) and SMEs in the following transformative sectors: manufacturing, health and education.

Air Côte d’Ivoire Expansion and Modernization Project - Project Brief

The project relates to the part financing of Air Côte d’Ivoire (ACDI) expansion and modernization program over the 2017-2026 period in response to the rapid growth in West Africa aviation sector. The project entails the acquisition of five aircrafts which will mainly replace the A319s currently being dry leased. The expansion and modernization plan is in line with traffic demand and competition within the region.In addition, the project will lead to cost reduction and optimization for ACDI. Delivery of the two first Aircrafts is planned in 2017.

Project Summary Note - Development Bank of Rwanda Limited (BRD) - Rwanda

Development Bank of Rwanda(“BRD”)is seeking along-term Line of Credit (LoC)for on-lending to its sub-borrowers in various transformational sectors including agriculture, agri-business, construction, manufacturing and education. The role of the LoCis to primarily support the implementation of its Strategy (2016-2020)whose main focus is to accelerate broad based and sustainable economic transformation and poverty alleviation in Rwanda.

Project Summary Note - Multinational - OLAM AFRICA INVESTMENT PROGRAM (OAIP II)

Consistent with the leveraging and crowding in approach through large corporates to deliver on the Feed Africa and Industrialize Africa mandates, a USD 107 million corporate loan has been approved to finance part of OLAM’s operations in Africa. This is part of a USD 200 million investment program (OAIP II) that covers two sub-projects, one for creation of industrial scale palm oil refineries in Central and/or West Africa and another for development of 600,000 tons per annum of high quality poultry and fish feed mills in Nigeria. The program will further consolidate OLAM Group’s agricultural...

Project Summary Note - Commercial Bank of Africa - Kenya

A financial package (“Financial Package”) of up to USD 90 million to CBA to be used as follows: i) for on-lending to small and medium-sized enterprises (SMEs); andii) to augment CBA’s trade finance activities particularly with its SME clients.

Project Summary Note - Afe Babalola University – Nigeria

Corporate loan to finance the expansion of Afe Babalola University (ABUAD) in Ado Ekiti, Nigeria. The expansion plan consists in construction of new facilities -including a 400 bed teaching hospital,an industrial research park, a post-graduate school, student hostels, a central library, and a small scale hydro power installation.

Note de Synthèse des Projets - Programme PME Africaines - Ligne de Credit Banque Populaire de Mauritanie (BPM) - Mauritanie

Banque Populaire de Mauritanie(BPM) was established in 2012 following an extension of the license of the Mauritania Leasing Company, which was the recognized leader of Mauritania's leasing market.Its main shareholders, all from the Mauritanian private sector, are listed below: Limam Ould Ebnou(25%), Ebnou Ould Limam(21.10%), Brahim Ould Ahmed Laama (20%), Banque Nationale de Mauritanie (12.5%) and Cinguitty Bank (10%). BPM currently has 6.15% of the market share (in terms of credit granted) of Mauritania's banking sector. The said sector is dominated by BNM, BMCI and SGM, the three leaders,...

Project Brief – Multinational - ABRAAJ growth markets Health Fund Africa

The Abraaj Growth Markets Health Fund is a USD 1 Billion private equity vehicle dedicated to building affordable high quality health ecosystems in South Asia and Sub Saharan Africa, by building green field or assembling and growing city-based cornerstone assets. The Fund’s Impact Committee will monitor its achievements in improving accessibility, affordability and quality of healthcare services, while giving center stage to Mother and Child care. AGHFA’s strategy will improve human talent while delivering much needed capacity in terms of infrastructure, with the aim to primarily target low to...

Project Summary Note - Central Africa Building Society (CABS) - USD 25 Million Trade Finance Line of Credit (TFLOC) - Zimbabwe

A medium-term Trade Finance (TF) facility to Central Africa Building Society (CABS) to support the expansion of its operations as a provider of trade finance to indigenous firms and SMEs in the tradable sector in Zimbabwe

Project Brief - Ghana Airports Company Ltd (GACL) II

Ghana Airports Company Limited’s (GACL) capital investment programme (the “Programme”) entails the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and rehabilitation of other airports managed by GACL including Kumasi, Tamale and Sunyani.

Project Brief – Multinational - Nacala Rail and Port Project

The Project is an integrated and transformative infrastructure project supporting growth along a regional corridor shared by two countries, Mozambique and Malawi. It consists of the construction and operation of a 912 km cape gauge rail line( 682km of which is brownfield) from the Moatize mine in western Mozambique to the Nacala port on the eastern coast of the country through Malawi. The Project also includes the construction of a deep sea port and associated terminal infrastructure at Nacala-à-Velha. The Nacala Corridor will be anchored on coal exports (18 MTPA), general cargo/freight(2...