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 Africa’s growing middle class.