Project detail - AFRICA INFRASTRUCTURE DEVELOPMENT ASSOCIATION

AFRICA INFRASTRUCTURE DEVELOPMENT ASSOCIATION

Status: Approved investment
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Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

The contracting party is Africa Infrastructure Development Association (AFIDA), a Private Company Limited in Mauritius. AFIDA is an association of project developers and development stakeholders in Africa with the objective to support more projects achieve bankability and become available for financing and investment.

What is our funding objective?

The funding objective is to provide pitching support, network, and engagement to a cohort of first-time developers from across Africa. A selection of this cohort’s group of developers will be invited to showcase at the Future of Energy 2024 event and will join the AFIDA network in 2024.

Why do we fund this investment?

We fund this project to contribute to the growth and promotion of the next generation of first-time developers in Africa.

More investments

Date Total FMO financing
1/30/2019 EUR 0.09 MLN
Website customer/investment
http://www.afida-africa.org
Region
Africa
Country
Africa
Sector
Infrastructure, Manufacturing and Services
Publication date
1/25/2024
Effective date
12/18/2023
Total FMO financing
EUR 0.04 MLN
Funding
Building Prospects