Swedfund

"Swedfund specialises in complex, high-risk investment environments. As an investment company, we have more than 30 years of experience in emerging markets and an extensive international network.

Risk capital and financial support

Swedfund offers equity, loans and expertise for investments in Africa, Asia, Latin America and Eastern Europe. We cooperate with strategic partners that are looking to start up or expand their business in a new market. The partner must be willing to take operational control and to share the financial risk with Swedfund. All investment decisions are made in a professional, businesslike manner.

Swedfund also offers financial support to small and medium-sized Swedish enterprises in the form of depreciation loans for investment in knowledge transfer and equipment. The project must be based on long-term commercial cooperation between the Swedish enterprise and a company in the target country.

At a later stage or as part of a larger investment, a well-conducted project with financial support can serve as a gateway to investment financing from Swedfund.

Our competence

At present, we have 26 employees working with risk capital investments and financial support. We are familiar with local business practices and have well-established contacts with the companies, organisations and public agencies of the countries in which we invest.

Our legal counsel specialise in international business law. They participate throughout the investment cycle and have extensive experience in drawing up contracts and providing ongoing assistance...."

 http://www.swedfund.se/en/

Swiss Investment Fund for Emerging Markets (Obviam)

Swiss Investment Fund for Emerging Markets

The Swiss Investment Fund for Emerging Markets (SIFEM) is the Swiss Development Finance Institution (DFI). It provides long-term finance to private equity funds and financial institutions in emerging markets. SIFEM's primary focus is on institutions investing in the small and medium enterprise (SME) sector. On a selective basis, SIFEM also invests in microfinance. SIFEM's investment philosophy is guided by the belief that investing in commercially viable emerging market SMEs can provide investors risk adjusted returns, as well as generate sustainable, long-term development effects in local communities. SIFEM  is fully owned by the Swiss Confederation and managed by Obviam, a privately owned management advisory group.

SIFEM exclusively focuses on developing and transition economies. It only invests in countries whose GNI per capita is below the World Bank's IBRD graduation threshold (adapted regularly, USD 7,115 per capita as of 2013). The partner countries of the Swiss Development Cooperation are treated with priority. Roll over to the map below to see a list of SIFEM's priority countries per region. At least 60% of SIFEM's investment volume in any year must be allocated to these priority countries. In cases of regional or global funds, the geographical criteria is fulfilled if at least 50% of fund or financial institution investment is made in the priority countries...."

http://www.sifem.ch/

Oiko Credit

Oikocredit is a worldwide cooperative and social investor, providing funding to the microfinance sector, fair trade organizations, cooperatives and small to medium enterprises.

Loans

Over the years, we’ve developed a range of financial products that can be tailored to meet the needs of each specific partner.

We give loans instead of grants as we believe that loans are more effective for achieving economic productivity. Loans create a real business partnership based on mutual respect.

Credit lines

We provide credit lines which are generally shorter term, more flexible loan arrangements. For example, if a borrower requires working capital for a few months within a year.

Interest is paid only on the amounts drawn down at any one point. A 1% maintenance fee is paid on the total approved amount of the credit line.

Equity investments

Oikocredit has a diverse and growing portfolio of equity investments. We invest in equities for dual returns: development impact (social performance) and capital gains. Oikocredit equity investments seek to collaborate with companies that are aligned in bringing people out of poverty.

When we invest in a company, our aim is to assist that company in becoming stronger and more effective in reaching its goals to the benefit of stakeholders and intended beneficiaries. This means that Oikocredit has an active role in the governance of investee companies and makes sure that we add value to them. This includes providing advice and contacts, offering technical assistance where appropriate and making sure that the company complies with environmental, social and governance requirements.

If there is a sound balance between the company’s social, financial and environmental objectives, this usually adds to the value of the company. 

Long-term investment horizon

Our equity investments have a long-term investment horizon, are demand-driven and flexible, and can range from € 50,000 to € 5 million. We can provide equity or quasi-equity (including convertible debt) tailored to meet the needs of potential investee institutions.

Our equity partners are often looking for strong institutional shareholders which:

• share their mission and values
• bring expertise and insight to the organization
• focus on social as well as financial returns...."

http://www.oikocredit.coop/ 

International Finance Corporation (IFC)

"Industries in Sub-Saharan Africa

IFC Hits Record Investment, Advisory Volume to Promote Development in Sub-Saharan Africa

IFC committed a record $5.3 billion to new investments and carried out advisory services projects worth $65 million in Sub-Saharan Africa in its most recent fiscal year. IFC supported infrastructure, health, agribusiness and a range of activities in conflict affected states and helped Africa’s entrepreneurs gain access to finance. 

IFC invested $3.5 billion from its own account, and mobilized $1.8 billion from other investors.  In FY 2013, IFC’s supported projects that provided loans for 54,000 small and medium businesses, encouraged 13.7 million microfinance clients; and improved health and education for 360,000 people. IFC’s investments in wind power and other renewable energy reduced 667,000 tons of greenhouse gas emissions.

Advisory Services

IFC Advisory Services spending reached $65 million during the most recent fiscal year. Projects were active in 42 countries, with 126 projects, valued at $217 million over the life of the projects. During fiscal year 2013, advisory services projects improved access to lighting and education  services for 1.6 million people; generated 27,000 jobs; trained entrepreneurs and connected farmers to global markets. Three public-private partnership mandates were successfully closed, helping deliver health services to 360,000 people in Lesotho and Nigeria and power to 75,000 in Liberia.

IFC and the World Bank's Investment Climate Advisory Services worked with governments in Sub-Saharan Africa to implement over 50 reforms that benefited the private sector in 17 different countries. In Uganda, for example, licensing reforms led to private sector cost savings of $15.5 million. The 2013 Doing Business report found that of the 50 economies globally making the most improvement in business regulation for domestic firms since 2005, one-third were in Sub-Saharan Africa.

Agribusiness

IFC’s agribusiness investments in Sub-Saharan Africa reached $600 million in the 2013 fiscal year. By investing in companies such as the Kenya Tea Development Agency and the Export Trading Group, IFC created economic opportunity for 263,000 farmers in sub Saharan Africa.

Infrastructure

IFC funding for infrastructure projects in Africa reached $1.5 billion. IFC’s Infraventures division joined hands with private sector partners to develop wind power projects in Tanzania and Kenya. In West Africa, IFC invested aviation companies and mobilized funding for the Lomé port to expand the transportation network and improve trade infrastructure in the region.   

Fragile and Conflict Affected States

Assisting in fragile and conflict situations is a strategic priority for IFC in Africa, and during the most recent fiscal year, IFC provided support in nearly all African economies emerging from conflict. IFC’s Conflict Affected States in Africa Program provided advisory support and funding to eight countries (Burundi, the Central African Republic, Cote d’Ivoire, the Democratic Republic of Congo, Guinea, Liberia, Sierra Leone, South Sudan). IFC’s programs in these countries helped strengthen the private sector foundation, and create opportunity and jobs. Last fiscal year, CASA received approval to expand to all 19 fragile and conflict affected states in Sub-Saharan Africa and will focus the first phase of the expansion on Mali, Somalia, and Zimbabwe. 

Treasury

Through innovative use of treasury operations, IFC expanded its capability to develop domestic capital markets and serve clients with local currency financing. In FY13, IFC provided more than $350 million in local currency loans to countries in Sub-Saharan Africa. IFC pioneered a Nigerian naira bond, raising $75 million in local currency for private sector investments. IFC is working with authorities in a number of countries including Ghana, Nigeria and Zambia on programs that will enable IFC to regularly issue local currency bonds.

IFC’s focus on encouraging investments between emerging markets was strengthened this year through new investments of nearly $400 million in so-called South-South investments. This included African cross-border investments, such Mali-based Azalai Hotels Group’s new hotel project in Cote d’Ivoire. In Nigeria, IFC financing supported major investments by two Indonesian companies: Indorama’s investment in Eleme Fertilizer and Wings Group’s Nigerian operations...."

 http://www.ifc.org/wps/wcm/connect/region__ext_content/regions/sub-saharan+africa/investments/investments

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FMO

About us

FMO is the Dutch development bank. We support sustainable private sector growth in developing and emerging markets by investing in ambitious companies. We believe a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life.

Finance & Loans

We offer clients several financing and services products – from loans and credits to mixed packages, often in local currencies.

From traditional to tailored

FMO finances commercially viable companies and projects through a variety of finance products and services – designing our funding packages to match each client’s situation, needs and interests.

Private Equity

Equity can be crucial for a business’s growth and expansion – but is often unaccessible to companies in developing countries. As an equity investment partner, FMO brings more to the table than financing alone.

Committed to the future

Growing businesses need knowledgeable investors that not only provide necessary funding, but also share a long-term vision. FMO provides equity with a goal that reaches beyond the businesses to the benefit of their economies and society at large. And because we provide such scarce, high-risk finance, FMO looks for clients that also share a vision of long-term impact.

Successful investment approach

We build on our successful strategy of investing in private equity funds and making co-investments alongside these funds. We seek leadership in our focus sectors Financial Institutions and Energy. Our focus and network in these sectors translates into a substantial deal flow of visible and often innovative deals.

Through a top-down market approach we identify and pursue strategic deals with the most promising players in a sector. From the very start, FMO focuses on a clear exit strategy as part of negotiations and structure – usually taking a minority interest in a project’s equity to pave the way for more autonomous investment paths.

An anchor investor

In our fund investing activities, we cement our leadership by supporting not only fund managers with a positive track record, but also first time fund managers as anchor investor in frontier market funds or funds in FMO's focus sectors. These fund managers can benefit from FMO's substantial network and our knowledge of best practices in emerging markets private equity.

In addition to conducting a thorough business and financial due diligence, we also look for clients willing to make solid social, economic and governance conditions part of their business model, if these are not already in place.

FMO can answer private equity needs through:

• Investment in private equity or mezzanine funds
• Co-investments with our investee funds
• Direct equity investments in financial institutions or energy companies or projects
• Mezzanine transactions combining elements of equity and debt

A catalyst

Our participation often acts as a catalyst – attracting interest from other suitable investors who would otherwise avoid what are still considered higher-risk projects.

By supporting first time fund managers as an anchor investor, we pave the way for other investors to join later on. In our direct investments, our contribution to the investee companies' capital base allows these companies to access debt finance from local or international banks...."

 https://www.fmo.nl/home

European Investment Bank (EIB)

"EIB at a glance

The EU's bank
The EIB is the European Union's bank. We are the only bank owned by and representing the interests of the European Union Member States. We work closely with other EU institutions to implement EU policy.

A major player
As the largest multilateral borrower and lender by volume, we provide finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. More than 90% of our activity is focused on Europe but we also support the EU's external and development policies.

Lending, blending and advising

• Lending: The vast majority of our financing is through loans, but we also offer guarantees, microfinance, equity investment, etc.
• Blending: Our support helps us unlock financing from other sources, particularly from the EU budget. This is blended together to form the full financing package.
• Advising: Lack of finance is often only one barrier to investment. We can help with administrative and project management capacity which facilitates investment implementation.

See "Products section" for our full range of products and services.

Our priorities
We support projects that make a significant contribution to growth and employment in Europe. As part of our counter-cyclical approach, our activities focus on four priority areas:

• Innovation and skills
• Access to finance for smaller businesses
• Climate Action
• Strategic Infrastructure

We raise the bulk of our lending resources on the international capital markets through bond issues. Our excellent rating allows us to borrow at advantageous rates. We thus are able to offer good terms to our clients.

Our multiplier effect
We generally finance one-third of each project but it can be as much as 50%. This long term, supportive financing often encourages private and public sector actors to make investment which might not otherwise be made.

What makes the EIB different?
All the projects we finance must not only be bankable but also comply with strict economic, technical, environmental and social standards. Our corps of 300 engineers and economists screens every project, before, during and after we lend. We work hard to be accountable to EU citizens.

Our expertise
Around 2000 staff build on more than 50 years' experience and expertise in project financing. Headquartered in Luxembourg, we have a network of local and regional offices in Europe and beyond.

The EIB Group
The EIB Group consists of the European Investment Bank and the European Investment Fund, – the specialist arm providing SME risk finance. The EIB is the majority EIF shareholder with the remaining equity held by the European Union (represented by the European Commission) and other European private and public bodies.

Strong response to the crisis
When the financial crisis erupted in 2008, the EU asked us to offset falling investment. This led to a more-than one-third increase in the total value of on-going, outstanding loans by 2011. A EUR 10bn capital increase agreed by our shareholders, the EU Member States in 2012, allows for EUR 60bn additional lending in the EU during the 2013-2015 period. This has enabled us to already deliver an exceptional increase in lending in 2013 and provide support to economic recovery in Europe, playing our role to mobilising investment, attracting other investors and rebuilding confidence in the market. As the EU bank, we will continue on this growth-enhancing course as part in the Union’s strategy to address the longer-term consequences of the crisis, as laid out in our three-year operational plan...."

 http://www.eib.org/about/index.htm

DEG

"DEG is an experienced partner for private-sector companies investing in developing and emerging-market countries. Together with our clients we develop financing packages which are tailor made to the specific investment project and its risks. Furthermore, we offer individual advice in all phases of a project. DEG also runs special programmes on behalf of the federal government, promoting entrepreneurial measures with an impact to development.

The mission of DEG, a subsidiary of KfW, is to promote business initiative in developing and emerging market countries as a contribution to sustainable growth and improved living conditions of the local population. To this end, we make long-term financing and advice available to private enterprises investing in these countries.

To be precise:

• We finance direct investments in our partner countries in order to make a sustainable contribution to advancing their economic development.
• We make long-term investment capital available as a means to share the risks arising from the investments and to make them less vulnerable to crises.
• We give advice to companies on questions related to risk analysis and product development.
• We invest in undertakings in all sectors of the economy, ranging from agribusiness to the manufacturing industry and services to infrastructure.
• And we promote the development of the financial sector while strengthening local capital markets in order to facilitate reliable access to investment financing on the ground, especially for small and medium-sized enterprises. By doing so, we contribute to additional growth effects.
• We use almost exclusively own funds rather than budget funds from the Federal Government.
• We are guided by international standards for environmental and social sustainability.
• We pay particular attention to ensuring that our investments generate positive development impacts in our partner countries. DEG thus contributes to the Millennium Development Goals, which are a joint commitment of industrial and developing countries to tackle poverty in a sustainable manner..."

 https://www.deginvest.de/International-financing/DEG/Die-DEG/Was-wir-tun/

CDC Group

CDC supports the building of businesses throughout Africa and South Asia to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.
We aim to invest where our job creation focus can have greatest impact: in countries where the private sector is weak and jobs are scarce, and in sectors where growth leads to jobs – directly and indirectly – such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education.
CDC invests to support the growth of all sizes of business from the micro-level right up to the largest because we believe that a balanced private sector is necessary for economic development and robust job creation.
In addition to creating jobs, CDC intends to demonstrate that it is possible to invest successfully in challenging environments, thereby attracting other sources of capital including fully commercial capital in time.
- See more at: http://www.cdcgroup.com/What-we-do/Our-Mission/#sthash.YaiPRoOJ.dpuf

"CDC is the UK's Development Finance Institution (DFI) wholly owned by the UK Government's Department for International Development (DFID). It is the world's oldest DFI with a history of making successful investments for businesses which have become industry leaders thereby having enormous impact on the private sector in their country and region as well as improving the lives of many, many individuals.

CDC's mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people's lives in some of the world's poorest places...."

http://www.cdcgroup.com/