Description
Created in December 2018 by the Austrian Federal Ministry of Finance, following the High-level Forum Africa-Europe in Vienna.
Investment Details
Equity Capital (maximum of EUR 1,5 Mio) OeEB can participate in companies with a maximum share of 25 % or Mezzanin Capital (EUR 500.000 to EUR 1,5 Mio) OeEB can co-finance the project at market conditions OeEB can finance up to 50 % of the total projects costs
Funding Procedure
SME with a concrete, private-sector investment project in Africa Project is economically viable and has strong growth potential International environmental and social standards are respected Feasibility studies of the project are existent or proven technology is being used
Target Impact
To Support SMEs from Austria or the European Union in setting up companies or developing projects in Africa, thus creating jobs and enabling sustainable development. Implementation of the facility should preferably take place via a company located in Austria. Provide Consultancy services, start-up or export financing do not qualify for the investment facility
Contacts
Contact: Mr. Michael Renz
Mail: Michael.renz@oe-eb.at
Other: verena.kastner@oe-eb.at
