European Financing Partners V

Rest of the World Financial services, Communications and IT Services, Infrastructure

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.

Our 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.

Expected 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.

Key facts

Status:
Active
Region

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
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Democratic Republic of Congo, Ghana, Kenya, Niger, Nigeria, Tanzania
Sector

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, Infrastructure
Website:
https://www.edfi.eu/facility/efp/
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

:
September 2013
Amount

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.

:
$33.1m
Domicile

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

:
Luxembourg

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
EFP V – Skye Bank

Skye Bank in Nigeria provides financial products for children and young people with a strong impact on their inclusion in enomplyment of financial services and future educational options.

View investment details

Nigeria Africa, West Africa Financial services September 2014 Active
Fidelity Bank

Fidelity Bank is one of the leading banks in Ghana, with a network of 45 branches and more than 1500 employees.

View investment details

Ghana Africa, West Africa Financial services September 2014 Active
Chase Bank (Kenya)

Chase Bank (Kenya) Ltd places a keen focus on the small and medium sized enterprise sector and the provision of innovative products for this market.

View investment details

Kenya Africa, East Africa Financial services December 2014 Active
Stanbic Bank

Stanbic Bank (Zambia) is a wholly-owned subsidiary of Standard Bank Group and is the second largest bank in Zambia in terms of total assets. The loan from CDC will be used for on-lending to Stanbic’s customers where there is a high foreign exchange business need to support exports.

View investment details

Africa Financial services April 2015 Active
Helios Towers DRC

Communications

View investment details

Democratic Republic of Congo Africa, Central Africa Communications and IT Services July 2015 Exited
Mobisol GmbH

Mobisol is a clean off-grid energy start-up cpmpany which offers solar home systems generating enough power to light up homes, charge mobile telephones and operate electrical applicances.

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Tanzania Africa, East Africa Infrastructure September 2015 Active
Eaton Towers – EFP V

Operational since 2010, Eaton Towers is a leading, independent telecom tower company in Africa. It acquires, builds and manages shared telecom infrastructure, leasing it to mobile operators. The company is focused exclusively on Africa with more than 5000 towers in 7 countries.

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Niger Africa, West Africa Communications and IT Services September 2016 Active
Ghana Home Loans

Ghana Home Loans is a full service mortgage finance house. Its five main products are First Time Buyers, Buy To Let, Equity Release, Refinance and Home Completion.

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Ghana Africa, West Africa Financial services December 2016 Active
Olkaria 4

Olkaria IV is the new expansion of Olkaria III (originally a 48MW geothermal power plant located in Kenya) designed to increase the total capacity from 110MW to 139MW.

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Kenya Africa, East Africa Infrastructure December 2016 Active