devinitorg/iati-policy-markers huggingface dataset:
Aureos Africa Fund L.L.C. Aureos Africa Fund, LLC (Fund) is a closed-end private equity fund which will make equity and equity-related investments in medium-sized enterprises located in Africa.  Target industries will include financial services, logistics, construction and engineering services, general services, manufacturing, fast-moving consumer goods, information technology, communication, and agro-processing. Project Development Impact:  - Private sector development:  The Fund will add value to its investee companies, by providing managerial and strategic support to improve their competitiveness and sustainability.  -  Adoption of best practice for corporate governance and environmental standards: the Fund will adopt international best practices for environmental and social risk assessment and management, as well as transparency and corporate governance, thus fostering knowledge and skill transfer, and encouraging best practices across the industry.
Coca Cola SABCO (Pty) Ltd CCS is an "anchor bottler" for the Coca Cola Company in the region and is one of the relatively small number of bottling groups worldwide where Coca Cola has an equity stake. The group has over 10 subsidiary companies and 19 bottling plants in the Southern and Eastern Africa region.  The group has already invested more than US$100 million in production facilities in East Africa and Mozambique and employs approximately 8,000 people in 7 countries. It also supports a network of SMEs and other businesses which supplies with goods and services so that the multiplier effect is strong. The project consists of the expansion of soft-drinks production and distribution facilities at the CCS bottling companies. The expansions will take place mostly at existing plants, although, CCS is likely to acquire some existing bottling companies over the next year or two, which will also be re-equipped and expanded. CCS wants to reach an agreement with IFC on a master facility between IFC and CCS that can be drawn down as each of the sub-projects is implemented.      The project will have a sustainable development impact and will help reduce poverty through the expansion of the number of jobs and business opportunities created by Coca-Cola''s production and distribution networks in Africa.  A number of the subsidiaries are joint ventures with local partners who play important operational roles. For example, in South Africa, CCS recently formed a joint venture with Fortune Beverages to enhance the empowerment impact of its operations. CCS is a group which shows strong social responsibility through its support for a wide range of community action projects (eg. road safety, environmental clean-ups, conservation), HIV/AIDS education and health campaigns, youth sports and financial support for schools, and other social services.    IFC''s role in the project will be: (a) to provide equity, long term loans and/or guarantees in countries where it is difficult to raise appropriate funds; (b) to help alleviate the relatively high risk associated with the countries where the investment is required by providing informal political risk cover; and (c) to encourage regional integration by helping to make it easier for the South African parent to invest regionally.
CF Ecobank Transnational Inc. The proposed project will be carried out through the IFC Capitalization (Equity) Fund L.P. and the IFC Capitalization (Subordinated Debt) Fund L.P (collectively, the Fund), unless the project is rejected by the Funds Investment Committee, in which case IFC may proceed with it on its own.  

The proposed project consists of two facilities to Ecobank Transnational Incorporated (ETI or the Group) or to selected subsidiaries of ETI totaling up to $137.2 million: (i) an up to 10-year (with up to 2 years grace) subordinated convertible loan of up to $58.8 million through the IFC Capitalization (Equity) Fund L.P., and (ii) an up to 10-year (with up to 2 years grace) subordinated non-convertible loan of up to $78.4 million through the IFC Capitalization (Subordinated Debt) Fund L.P.  The purpose of the proposed project is to strengthen the Groups capital base by providing it with subordinated loans having the characteristics of Tier II capital.  If the investment is at the level of the holding company, IFC will require that the funds be invested in up to 17 ETI subsidiaries that meet the eligibility criteria of the Fund.  

IFC, on its own account, is also supporting the capital base of Ecobank Kenya Limited (EBK) and Ecobank Liberia Limited (EBL) by investing directly in both subsidiaries as follows:

an up to 8-year (with up to 5 years grace) subordinated convertible loan, having Tier 2 characteristics, of up to US$12.5 million to EBK; and 
an up to 8-year (with up to 5 years grace) subordinated loan, having Tier 2 characteristics, of up to US$3.0 million to EBL. IFCs investment in ETI is expected to deliver strong development impact mainly by stabilizing ETI and selected banking subsidiaries and thus speeding up economic recovery and maintaining and/or creating jobs in many of the IDA countries where the Group operates.
African Rivers Fund III African Rivers Fund III LP, a Mauritius limited partnership (ARF III or the Fund), is targeting US$75 million to construct a portfolio of small business investments diversified across Central and Eastern Africa, which collectively capture the underserved SME and FCS investment segment in those regions.      ARF IIIs investment objective is to provide long-term finance to SMEs in the form of cash generating instruments such as straight debt, debt with revenue share and debt with equity. The Fund will be supported by the Blended Finance Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states. (i) access to growth capital for Fund investees as well as providing knowledge and skills through complementary advisory engagements, which is expected to close a significant private equity gap in these markets and build the capacity of the SME investees; 
(ii) the growth of the Fund's investee companies is expected to result in job creation and economic growth; and 
(iii) contribute to market creation by enabling private sector development through demonstrating the viability of investing into SMEs in countries largely underserved by PE funds.
African Development Partners II LP The proposed investment involves an equity investment in African Development Partners Fund II (the Fund) a mid-cap growth fund targeting US$500 million in capital commitments. The Fund has a generalist strategy and will target investments in private sector businesses in Africa that have the potential to grow into regional or pan-African businesses, and to produce net equity returns of 20% to 25% per annum. The typical investment size is expected to be US$20-75 million. The Fund will achieve development impact by: i) Investing in high-growth companies, which is expected to lead to above-average rates of job creation; ii) Supporting regional integration by expanding investee companies into neighboring countries to build 'regional champions'; iii) Providing much needed growth and expansion capital and value enhancing advice to companies located throughout Africa (mainly IDA countries); and, iv) Improving companies' sustainable development by helping to implement best practice corporate governance and environmental and social standards.
ETG RSE Medium Term Loan The proposed investment consists of (i) an A Loan of up to US$30 million with a tenor of up to 3 years including one-year grace; and (ii) a B Loan of at least US$120 million with a tenor of 3 years including 1-year grace.   The IFC loan will be backed by a 25% First Loss Guarantee from the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP-PSW), to rebalance the risk-return profile of the transaction for IFC.   ETG is a vertically integrated agricultural supply chain manager involved in the origination, procurement, warehousing, logistics of multiple agricultural commodities and processing of consumer products. It is active in over 26 African countries, as well as in India, China and South East Asia and has additional trading, merchandising and/or treasury desks in Europe, the Americas and the Middle East.   The financing will help ETG mitigate the impacts from COVID-19 across its supply chain which have adversely impacted its operations. The proposed investment will provide much needed liquidity to support the uninterrupted production and distribution of food commodities globally during this trying period.  This project is linked to ETG Term Facility -  https://disclosures.ifc.org/project-detail/SII/43692/etg-term-facility The most significant, expected Project-level outcome is that, at a time of unprecedented crisis as a result of the COVID-19 pandemic, the proposed investment will help food flow globally and allow developing markets to maintain jobs and exports. Further, ETG will ensure the availability of liquidity for its distributors and farmers through its procurement activities. Beyond the Project, IFC anticipates that the financing will improve market resilience by maintaining procurement of agricultural commodities across ETG's supply chains and by building the capacity of suppliers and of the Group to withstand shocks and stresses related to COVID-19.
Vantage Mezzanine Fund IV The proposed investments is an IFC equity investment of up to US$25 million, not to exceed 20% of total capital committed, in the fund known as Vantage Mezzanine IV Pan African Sub-Fund Partnership, a Pan-African sub-fund, which, together with two additional distinct limited partnerships (the Fund or Vantage IV), has a target size of US$350 million (the Project). The Pan African Sub-fund will be managed by Vantage Mezzanine IV Proprietary Limited (Vantage Capital or the Fund Manager) and aims to boost the growth of Africas nascent mezzanine finance industry by providing much needed capital to African mid-sized companies, many of which are or have been negatively impacted by the COVID-19 pandemic. The Project will support high-growth, mid-market companies, some of which will have a portion of their revenues in hard currency. This Project supports market creation by strengthening the private credit ecosystem and increasing funding market activity in Africa. By supporting Vantage Capital, which has shown itself able to demonstrate the continued viability of the private credit market in a difficult economic environment, IFC anticipates that its financing will continue to strengthen the competitiveness of the private credit market and will signal to other fund managers that it is viable to invest in a region suffering from a lack of investor confidence.
New Africa Mining Fund II The New Africa Mining Fund II (NAMF II) is a private equity style mining sector fund seeking to raise $100 million to $300 million for investment in equity and equity-like investments in small-to-mid-tier companies (juniors) that are focused on early-to-later stage exploration, mining and beneficiation activities in Africa. NAMF II will aim to make investments in which it can exercise significant influence, with the aim of delivering capital growth and sustainable return over the long term. The target commodity focus will include base metals, gold, platinum group metals, coal and potentially other bulk minerals, where the medium-to-long-term industry fundamentals are attractive. With the involvement of IFC and potentially other Development Finance Institutions ("DFIs"), NAMF II is expected to establish a sizeable fund with significant financial and operational capability. NAMF II will focus on junior mining companies in Africa, which are typically unable to attract institutional investment for their early exploration and pre-development work. Providing capital at this end of the extractives resources value chain fills an important gap in an important sector, whose development holds significant potential economic impact and developmental benefits for the host countries in the long term.  More immediately, the Project is expected to help junior mining companies advance their projects up the value chain, through the provision of equity capital and close support from the Fund Manager, while applying environmental and social best practices and establishing long-term partnerships across the region.

The following indicators will be tracked throughout the life of the fund:
Achievement of first close/funds raised
Net IRR
Number of employees of NAMF II investees
Percentage/number of NAMF II investees acquiring mining permits/completing feasibility studies
Percentage/number of NAMF II investees going into mine development
Number of NAMF II investees in which the Fund Manager maintains a board seat
GTST AESA WAF20 The proposed project consists of funded participation of up to US$40 million by IFC in a revolving syndicated commodity trade finance facility (the Facility), arranged by Societe Generale Corporate & Investment Banking (SG CIB) for Addax Energy S.A. to finance imports of petroleum products to West Africa. The Project is expected to have a strong development impact on supporting and ensuring the supply of energy products for IDA countries in West Africa, primarily in Benin, Cote d'Ivoire, Senegal and Sierra Leone. Disruptions in the supply of energy products would acutely affect the functioning of key industries and more generally the macroeconomic stability and GDP growth of the IDA countries benefiting from this Project. The Project also supports regional integration by keeping trade routes and channels open in West Africa stretching into Central Africa, especially to those landlocked.
Adenia IV Project The proposed project is for an equity investment of up to 20 million in Adenia Fund IV L.P. (the Fund), a 10 year closed-end generalist private equity fund targeting mid-market companies in West Africa and the Indian Ocean Region. The Fund is seeking to raise  200 million total committed capital. -Job creation and economic growth  -At investee level, implement best-practice corporate governance and social and environmental standards.   -Support regional integration by investing into companies expanding into neighboring countries.
ALCB Fund Project The proposed project is an investment of $40 million in the Senior Unsecured Note  of African Local Currency Bond Fund (the Fund or Project), a local currency bond fund sponsored by KfW and managed by LHGP Asset Management LLP (the Manager) . The goal of the Fund is to improve and diversify access to long term funding in local currency and support the development of African capital markets by creating opportunities for African issuers, investors and intermediaries. ALCBF accomplishes its goals by anchoring first-time or innovative bond issuances by local entities and providing Technical Assistance to local issuers to off-set some of the costs of first-time issuance Local Capital Markets Development: The project will create awareness of domestic capital markets, build capacity of suitable issuers  and  enhance the fledgling eco-system of participants that are required to ensure development of the bond market in various African countries  Access to finance: The Africa Local Currency Bond Fund and similar vehicles offer an alternative source of financing for medium size firms that may not be able to access adequate funding from banks. Successful execution of The Fund will highlight mobilization of domestic capital to invest in domestic bonds as an attractive opportunity for asset managers and thereby potentially increase the number of vehicles providing local currency funding to local corporates in African countries.
IPAE II Project The proposed project is for an equity investment of up to 10 million in Investisseurs and Partenaires Afrique Entrepreneurs II (the Fund or IPAE), a 10 year closed-end generalist impact fund that will invest in small and medium companies in West Africa, Central Africa, East Africa and the Indian Ocean Region. The Fund is seeking to raise  80 million of committed capital.
NGB Africa Project African countries have agreed to switch their analogue television transmission to Digital Television broadcasting. Government plans call for a total shutdown of analog networks by year 2015. The switch to digital TV will not only make the use of spectrum more efficient but will also expand the possibilities for distribution of content over the airwaves at a very low cost.

NGB Africa AB (the Company) is focused on providing affordable Digital Terrestrial Television (DTT) services across multiple African countries. NGB Africa has already established subsidiaries in 4 countries (Ghana, Kenya, Tanzania, Uganda); the subsidiaries will distribute content from local and global TV channels under a very low cost pay-TV operation. The service is modeled after the mobile prepay business  contracted distributors will sell prepaid cards in fixed denominations that can be loaded onto the STBs and that will allow consumers to subscribe to the different packages for a month. The Project is expected to have the following important development impacts:  

(i)	By increasing the reach of TV broadcasting services to the broader population, the Project will increase access to information for the poor. Increased access to information means increased access to knowledge, increased access to knowledge means increase in opportunities.   
(ii)	The Project will contribute to the development of more competitive media in Africa through supporting the expansion of a private TV broadcaster to new cities that are currently either serviced by national public broadcasting or unserviced at all. 
(iii)	The Project will contribute to the growth of the African advertising industry by providing an additional outlet on which enterprises can promote their services and products thereby increasing awareness and sales.  Studies have shown that a thriving advertising sector is correlated with overall economic advancement, increased competition, enhanced quality and expanded quantity of product and service offerings, local job creation, and poverty reduction.
(iv)	NGB is expected to broadcast world-class, high quality and relevant content. 
(v)	Through the Project, additional jobs will be created and technical and sales capabilities will be nurtured.
(vi)	The Project will help the company put in place a best practices guideline for operating in the media sector. The guideline is currently being prepared by GICT. 
(vii)	The Project will not only have a significant direct positive employment effect as the Company grows, but will also create important upstream and downstream employment opportunities.  NGB growth will create additional demand for labor in technical fields, in the advertising sector and in the creative industries sector. The latter sector, in particular, is one which has not been addressed by IFC financing and trust fund activities in the past, despite the fact that more than 60% of the sector is comprised of SMEs and individuals.
WIOCC Investment Western Indian Ocean Cable Company Ltd. (WIOCC or the Company) was incorporated in 2007 and is an existing IFC client. The Company is a neutral carrier of carriers, offering connectivity to over 20 countries in Africa. It provides telecommunication carriers with regional and international capacity into and out of Africa. WIOCC services include: point-to-point connectivity between locations on its global network, IP Transit and colocation services for ISPs.   IFC will be providing a financial package of up to US$20 million to fund the ongoing regional expansion of the Company. WIOCC plans to expand and augment its network in the region through the acquisition of additional capacity in Africa, increase connectivity to other fibre optic systems, upgrade its capacity on the EASSy cable and purchase network equipment. (i) Infrastructure Sharing: This project involves buying capacity from already existing terrestrial fibre cables, thus maximizing efficiency. WIOCC as well as the owners of the fibre cables benefit from this project as their revenues will increase as a result of the wholesale of connectivity. Additionally, by leveraging on existing infrastructure, the project has minimal to no impact on the environment thus, unlikely to create E&S risks. (ii) Reduced pricing and increased competition: Africa has the highest connectivity costs in the world and WIOCC significantly reduces this cost through the provision of competitively priced high bandwidth connectivity. WIOCC operates on an open access basis and competition in the broadband sector has led to increased broadband penetration, sector growth and service innovations.  (iii) Productivity Enhancement: Broadband impacts productivity, enhances financial inclusion, promotes new business models, increases commercial reach and leads to improvement in social sectors such as governance, education, health etc. According to the World Bank Group, a 10% increase in broadband contributes to a 1.5% increase to GDP. (iv) Demonstration Effect: Most African economies are experiencing macro-economic volatilities leading to reduced private capital inflows and limited liquidity in the markets. Through the project, IFC will demonstrate its continued confidence in the potential of Africa and could catalyze further private investments to the region.
Convergence Fund The Project consists of an IFCs equity commitment of up to US$45 million in Convergence Partners Communications Infrastructure Fund LLC, an up to US$500 million investment vehicle, which is being raised and will be managed by Convergence Partners Management Limited (Convergence Partners), a South Africa based investment management firm.  The Funds strategy is to invest in the opportunities presented by current underdeveloped state of Information and Communication Technologies (ICT) infrastructure in Africa.  In IFCs experience, funding is often not the only requirement for successful ICT infrastructure investments.  Other critical components include project conceptualization, design, development and implementation.  Over the past few years, Convergence Partners have demonstrated the capacity, knowledge and skills, as well as proven investment track that position the firm to successfully capitalize on the opportunities in Africa ICT infrastructure sector. - Further Development of ICT Sector in Sub-Saharan Africa:  Based on substantial expertise in ICT sectors and hands-on, value added approach to investees, the Fund Manager will continue to proactively source investment opportunities with significant socio-economic and developmental impact.  - Provision of Critical Funding and Expertise to Emerging Market Companies:  The Fund will address critical funding needs by emerging market companies that due to their business stage or scale might face capital access constraints.  The Fund''s investments will support entrepreneurship, innovative business models and technologies, and generate employment.  The Fund Manager will provide operational, technical and managerial advice to its investees.  - Development of Africa Private Equity Sector: The importance of private equity for development of emerging market private sector, nurturing entrepreneurship and supporting business innovation is well recognized, and IFC''s commitment to the Fund will serve as a vote of confidence for Africa''s growing private equity industry.