devinitorg/iati-policy-markers huggingface dataset:
Metier Capital Growth Fund II The proposed project entails an IFC equity investment for the lesser of ZAR300.0 million or US$22 million, not to exceed 20% of total commitments, in Metier Capital Growth Fund II (Metier II or the Fund), a 10 year closed-end fund seeking to raise up to ZAR 3 billion. The key objective of Metier II is to construct a portfolio of investments diversified by sector and deal type, which collectively capture the attractive mid-market growth opportunity in Sub-Saharan Africa (SSA). The Fund will invest in 8 to 12 control or significant minority investments in mid-market growth and replacement capital transactions. Consistent with the investment strategy deployed by its previous funds, Metier II will seek to invest in high-growth opportunities, some of which may offer cross-border expansion throughout the region. The Fund will seek 50% exposure outside South Africa (SA).  Metiers investment themes build upon the strategy employed in the predecessor fund focusing on sectors that are set to benefit from positive demographic trends, rising investment in infrastructure services, and intra-regional trade. The strategy will have a SSA geographic focus, using SA as a gateway, and moving outside into the rest of Africa in concentric circles. The SSA strategy will thus be primarily buy-and-build with bolt-ons rather than individual standalone investments. The Manager sees opportunities in Southern African companies partnering with local companies in SSA to provide capital, industry expertise, customer relationships and management skills, to take advantage of the market growth opportunities. Metiers focus remains on a similar fund size to their predecessor fund, and remains focused on mid-market opportunities. Metier Capital Growth Fund II is expected to deliver strong development impact in the following areas:  (i) Job Creation: The growth of the Fund's portfolio companies is expected to result in strong job creation. Mid-cap growth equity investments, which the Fund is focusing on, have significant reach to SMEs, the largest impact on job creation, and the potential for IFC to develop direct relationships with the underlying companies. IFC's portfolio experience has been that non-SME's in the growth equity space create more jobs than SMEs at a lower capital commitment per job created.  (ii) IDA countries:  The Fund will target 50% outside South Africa, which will cover companies located in IDA/frontier countries.   (iii) Private sector development: The Fund will employ hands-on management in its portfolio companies. The Fund Mananger's structuring know-how will be leveraged on, and value-add and growth strategies incorporated by investee companies, leading to improved competitiveness and sustainability.
Africinvest Fund IV LLC The proposed project consists of an additional equity commitment of up to $15 million AfricInvest IV LLC (AF IV or the Fund), a generalist, closed-end private equity fund domiciled in Mauritius with a target size of $400 million. Fund will invest in mid-market growth capital transactions in Africa. Project Outcomes:    - Stakeholder: Access to growth capital for Fund investees: The Fund, while maintaining a generalist strategy, will provide access to much needed long-term equity capital for mid-market companies in Africa.    - Stakeholder: Increased Investee Growth: IFC expects the Fund to help in knowledge transfer and bring operational value-add to its investees.    Contribution to Market Creation    - Competitiveness: The project is expected to send a positive signal and demonstrate the sustainability of PE markets in the region
ETG Term Facility The proposed investment is an A loan of up to US$10 million to ETC Group (ETG or the Company) incorporated in Mauritius. 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 investment will support ETGs long term incremental working capital needs mainly in Sub Saharan Africa which will be complemented by an advisory services program to enhance the productivity and efficiency of ETGs supply chains (the Project). IFC expects the Project will help strengthen financial and value-chain integration, provide working capital financing for smallholder farmers as a result of ETG's procurement activities; and bring about price discovery in the market place.
Macquarie Africa Infrastructure Investment Fund Africa Infrastructure Investment Fund 2 (AIIF2 or the Fund) is a private equity style infrastructure fund seeking to raise US$600 million to US$1 billion for investment in unlisted equity and equity-like investments in infrastructure in Africa, with a focus on sub-Saharan Africa. The Fund will aim to make investments in which it can exercise significant influence, with the aim of delivering moderate capital growth and sustainable return over the long term. The target assets will include, but not be limited to toll roads, thermal power generation, wind power farms, ports, water and sewerage utilities and social infrastructure. There are huge infrastructure need in Africa and especially Sub-Saharan Africa. The lack of infrastructure is hampering the regions ability to grow, compete, and reduce poverty. Infrastructure is the underlying foundation of basic services, facilities and institutions upon which the growth and development of a modern community depends. Assets such as reliable power supply and road networks are essential to the sustainability and growth of an economy, and to the quality of life of the people living within and across the communities connected and served by those assets.  

The project will address a key constraint for developers of infrastructure projects in African countries  the availability of equity capital. Given the large funding requirements and the long gestation periods of infrastructure projects, we anticipate that the Fund will facilitate the provision of stable and informed equity for the development of infrastructure projects in the region.  

The Fund is also expected to impose market discipline on investee projects, leading to better alignment with demand for infrastructure services, more efficient management, and lower operating and maintenance costs.
Emerging Capital Partners III, L.P. The proposed Project is a $25 million investment in ECP Africa Fund III PCC (ECP III), which represents 5.6% of the current fund size.  After the proposed funding, IFCs investment may represent 5.2% of the fund size.  Prior to the global financial crisis, IFC had declined investing in ECP III as no additionality was evident.  However, given the effect that the current global credit crisis has had on PE fundraising, IFC now has a catalytic role and IFCs support to ECP III is considered appropriate.  The Fund Manager has also welcomed IFCs help in updating its Social and Environmental Management System (SEMS), Integrity Due diligence (IDD) and technical expertise. 

The proposed $25 million equity investment in ECP III is expected to catalyze additional $215 million from equity investors and $100 million in debt, and promote responsibility and sustainability by improving Environmental, Social and Governance Standards of the Fund Manager. The proposed Project is also expected to facilitate development of the Integrity Due Diligence Process of the Fund Manager and indirectly, its investee companies.  Furthermore, the Project will assist in mobilizing part of the much needed capital and expertise required to continue steering African economies on a path of sustainable growth. The Fund Manager has demonstrated through its past performance in favorable and unfavorable investment conditions that it has the capacity to help companies grow at above average rates and expand regionally. Supplemented by IFCs and other investors commitments, ECP will have the resources in place to immediately deploy capital across Africa in a manner which will allow companies with proven track records to strengthen their competitive positions, provide jobs through growth and improve corporate governance.   Taking ECP Africa Fund II as an example, 93% of the portfolio companies achieved sales growth in 2008. For the same period, these companies paid a total of about $166 million in taxes and retained close to 28,000 employees, of which about 25% were females. On average, about 90% of the employees were Africans and also served in positions ranging from management teams to board of directors.
Partech Africa Fund II Partech Africa Fund II (PAF II or the Fund) is an early-stage venture capital fund focused on businesses in the technology sector in Africa. The fund will invest in Seed to Series D rounds, and follow-on rounds in top portfolio companies. IFC anticipates the project to increase access to equity alongside operational value add for startups across Africa. Access to venture capital in Africa remains low compared to most other emerging markets. The project is also expected to increase innovation in key markets across Africa through the support of market-disrupting digital business models. In markets where investees grow rapidly and become sizeable market players, innovation at scale can generate large impacts on a market by pushing traditional players to innovate and introduce digital solutions or reduce traditional incumbents market share.  IFC anticipates the Fund Manager, raising a second Africa focused fund, significantly larger in size than the first one and having successfully invested in highly disruptive companies with Fund I, will demonstrate the viability venture capital in Africa. This is expected to attract more investors and incentivize more entrepreneurs to start businesses.
Actis Africa Real Estate Fund 2 The proposed project involves a $25 million equity investment in Actis Africa Real Estate Fund 2 LP (AARE 2 or the Fund) managed by Actis LLP (Actis or the Sponsor), a leading private equity investor in emerging markets. AARE 2, a limited partnership organized under the laws of the United Kingdom, is a projected $250 million, 10-year closed-end private equity fund dedicated to investments in real estate companies and projects in Sub-Saharan Africa. AARE 2 is a follow-up to Actis Africa Real Estate Fund 1, the Sponsors first dedicated private equity real estate fund for sub-Saharan Africa, closed in 2006 at $154 million and almost fully invested. The Fund will have the following development impacts: i) contribution to filling the gap between supply and demand for quality commercial  real estate and providing increased access to quality business infrastructure critical for economic growth in key markets of Sub-Saharan Africa; ii) improvement of business infrastructure standards through the introduction and the implementation of best practices in terms of environmental and life and safety standards in key markets of Sub-Saharan Africa; iii) development of quality retail infrastructure in Sub-Saharan Africa thus improving access to quality products and services for the consumers; iv) creation of direct and indirect jobs both during construction and operation of the commercial properties in the target markets, and v) benefits to other sectors of the economy such as in the supply chain.
WIOCC III Project WIOCC Holding Company Ltd. (WHCL or the Company) is a company that was incorporated in 2019.    WHCL became West Indian Ocean Cable Company Ltd.s parent company through a restructuring that occurred in September 2021.    WIOCC 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 within, into and out of Africa.    The IFC investment would be used to partly fund the Companys capital expenditure plan during FY22 to FY24 to (i) invest in new cable capacity on both the east and the west coast of Africa, and (ii) the development of strategically located data centres across Africa. The Project is expected to result in increased access to quality broadband Internet for individuals and businesses across the target countries by increasing network capacity through the landing of two new submarine cables, the upgrade of existing submarine cables, and the purchase of additional terrestrial network capacity; and increased access to data hosting services for businesses in target countries by building new data center facilities including (edge data centers) potentially resulting in higher usage of digital services by businesses and individuals. Beyond the Project, this investment is expected to increased competitiveness of the digital infrastructure sector in the target countries, with some potential to create competitive markets in the DRC and Somalia, via demonstration and replication as well as competition channels, through technological innovation and affordability.
Famoco Project The proposed project is an equity investment of US$5 million into Famoco, a Paris-based tech company that has developed and deployed proprietary hardware and software solutions to address the needs of large-scale mobile money agent networks and merchants in developing markets for the digitization of payment transactions.  IFC investment will be part of an investment round of up to US$14 million to fund the international expansion of Famoco in Africa. Project Outcomes: Stakeholders

Access to Transaction Accounts: The project will support Famoco's efforts to grow its clients' agent networks across emerging markets in Africa and Asia. Compared to existing solutions, Famoco addresses important sustainability challenges for payment schemes and mobile money networks, to meet increasingly stringent KYC requirements and enables more data security. The number of devices deployed is projected to grow significantly as a result.

Access to Payment Services: The project will support Famoco's plans to expand services for the digitization and management of humanitarian payments on behalf of the World Food Program (WFP) and others. This includes facilitation of government payments (salaries, subsidies, etc.), and to work with payment service providers to expand their networks enabled with POS devices to accept digital payments. The number of POS-enabled merchants is expected to grow significantly as a result.

Contribution to Market Creation: Integration

IFC anticipates that the project will enhance market integration by promoting linkages across payments networks and digital service providers through an open loop payment system, from the existing usage of services that is limited to P2P transfers using closed loop payment schemes which are non-interoperable and limit the opportunity for growth and delivering value to users.
Networks of agents using Famoco solutions would be leveraged to integrate additional services ranging from simple transactions, such as bill and mobile payments, to more complex ones, such as micro-credit and disbursing government payments. The hardware component would enable the provision of these services, while Famoco will customize its software solution as a platform to deliver them, enabling the integration of payment and data flows across financial and non-financial services and leading to a growth in the services accessible to users, and value to merchants and service providers in the market.
Avacare Global The proposed investment is a finance package of up to US$48.6 million comprised of: (i) approximately US$28.6 million of equity; and (ii) approximately US$20 million of secured A Loan into Avacare Global (Avacare or the Company or the Group), an integrated distributor and manufacturer of pharmaceutical and healthcare consumable products in Sub-Saharan Africa.  The investment provides patient capital and long-term financing to support the growth aspirations of the Company. The project helps finance a manufacturer and supplier of pharmaceutical and healthcare consumable products in Africa. The most significant expected project-level outcome is an increase in access to healthcare supplies such as pharmaceuticals, healthcare consumables and disposables. The project will also likely result in the creation of new jobs and/or economic linkages to the rest of the economy. Beyond the project-level outcome, IFC anticipates that its financing could support greater market resilience as spillover effects accrue to the healthcare supply chains in these markets.
HeidelbergCementAfrica In order to be able to continue its cement African development, HeidelbergCement (HC or the Company) has commissioned in early 2009 a major expansion of its Tanzanian facility (new integrated clinker & cement plant). Reflecting its ambitions in, and commitment to, the region, the Company is now planning an investment program to modernize its existing operations and grow in Sub-Saharan Africa (the Project).

In this context, IFC has been asked to consider an equity investment to fund the Project. In addition, IFC has proposed an IFC loan to fund the Project. The proposed Project will support the cement sector in several IDA countries  namely, Liberia, Ghana, Benin, Togo, Sierra Leone, Gabon and Tanzania  which have limited foreign investments.

It will stimulate an important investment program, create jobs and increase the availability of more affordable cement supply. In turn the proposed Project will stimulate the development of local housing and infrastructure projects and will result in significant foreign exchange savings thanks to regionally produced cement and reduced freight costs.

The Project is also expected to introduce higher environmental and social standards.

   The success of the Project will have a strong demonstration effect and will potentially lead to other projects for 
   IFC as well as other foreign investments in those countries.
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         IFCs proposed project with Caisse Régionale de Refinancement Hypothécaire de lUEMOA (CRRH) aims to support CRRHs local currency bond issuance program in order to: (i) contribute to the development of the housing market in the West Africa Economic and Monetary Union (WAEMU or the Union) and (ii) deepen the regional capital markets. The proposed project consists of an investment of up to XOF10 billion in CRRHs 12-year bond and 15-year bond. 
       
       
           
       
       
         The project will be supported by the Local Currency 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. The Local Currency Facility will help deepen the regional capital markets by supporting longer-term local currency bond issuances, and will contribute to make homeownership more affordable thanks to the extension of mortgage loans maturities. The most significant expected project-level impact is derived from the expansion of the mortgage finance market in the entire WAEMU region. Beyond the project, the main sources of expected market impact are derived from the promotion of market competitiveness and resilience via the market enabling channel.
Africa Dvpt III The proposed project is for IFC to commit up to US$20 million, not to exceed 20 percent of total commitments, to African Development Partners III L.P. (the Fund), a 10-year closed-end fund targeting commitments of US$800m. The Fund has a pan-African generalist strategy and will make growth equity investments in established and growing companies with an emphasis on those benefitting from Africas growing middle class. The IFC Global Emerging Markets (GEM) Fund, managed by IFC Asset Management Company (AMC) is considering committing up to US$50 million to the Fund alongside IFC, not to exceed 20% of total commitments. 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; (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.
CFAO SGI Africa The Project consists of the phased construction and operation of 19 greenfield shopping centers across West and Central African countries at an estimated cost of approximately500 million. The Project Company is SGI Africa SAS ("SGI Africa" or the Company''''), the property development and management arm of CFAO Retail, the retail division of CFAO S.A. ("CFAO" or the "Group" or the Sponsor"). CFAO is a front-ranking specialized distributor and preferred partner of major international brands, serving the high-potential equipment & services, healthcare and consumer goods markets in Africa and the French overseas territories. CFAO is partnering with Carrefour S.A., one of the world''s largest international food retailers as the Project''s selected anchor tenant for the proposed shopping centers. i) Development of the retail sector: In each country of operation, the Project is expected to (a) increase the supply of modern retail infrastructure ; (b) attract international reputable retailers with new and diversified brands; and (c) provide local consumers with a greater choice of higher quality products; (ii) Supply chain: The Project is expected to stimulate local food production and distribution networks in each of the targeted countries and also promote food quality and safety; (iii) Job creation: The Project will create direct and indirect employment during and after completion particularly for SMEs in sectors such as construction, consultancy, transportation and security services. The Project is also expected to create employment opportunities for minority goups such as youth and women; (iv) Knowledge transfer: The Project is expected to bring together international and local knowledge, notably through its comprehensive and systematic training program. It will promote skills transfer aimed at raising local construction and retail standards; (v) Green Building (GB): IFC is willing to work with CFAO to promote GB standards (energy effrciency) where applicable; (vi) Increased tax revenue to local governments.