European Financing Partners

Argentina, South Africa, Senegal, Zambia, St Lucia, Nigeria, Uganda, Kenya, Mozambique, Tanzania Financial services, Health, Manufacturing, Others, Communications and IT Services, Infrastructure, Food and agriculture

Established in 2003, European Financing Partners (EFP) is an investment matching facility for European DFIs.

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.

The EFP allows European DFIs to effectively provide joint financing for sustainable development in selected African, Caribbean and Pacific (ACP) private sectors.

EFP has approved financing for 37 private sector enterprises in ACP countries.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

Rest of the World

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

Communications and IT Services, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Others
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Fund manager:
European Financing Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

May 2004

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.


Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
BAOBAB Investments SA

BAOBAB Investments is a real estate development company owned by Tegecovi and COFIDES (the Spanish DFI) and a minority share by the Government of Senegal. The company will develop two 5 star hotels in Dakar (Senegal) which will be operated by NH Hoteles.

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Argentina Rest of the World Financial services May 2007 Active

CareWorks provides HIV/AIDS treatment and workplace programmes in South Africa

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South Africa Africa, Southern Africa Health November 2007 Active
Precision Air

Precision Air is a leading airline in Tanzania serving 11 domestic and three regional destinations

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Tanzania Africa, East Africa Manufacturing January 2008 Active
Rabai Power Ltd

Rabai Power is a 90MW heavy fuel oil fired power plant in Kenya

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Kenya Africa, East Africa Infrastructure October 2008 Active
Maputo Private Hospital SARL

Operates a 104 bed, private hospital in the Sommerschield borough of Maputo, Mozambique

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Mozambique Africa, East Africa Health April 2009 Active
Equity Bank

Equity Bank was established in 1982 as a building society to serve the unbanked and to provide products and services that economically empower its customers. Its products include a diverse range and are targeted to specific needs including SME loans, microfinance and agribusiness loans

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Kenya, Uganda Africa, East Africa Financial services December 2018 Active