MOU Signed with Government of Cape Verde for infrastructure development

1 July, 2019

On 1 July 2019, at the Cape Verde Investment Forum hosted by the Government of Cape Verde (GoCV) on the island of Sal, iibGroup and the GoCV signed an MoU for cooperation on infrastructure development.

The MoU coincided with launch at the Forum of the Cape Verde Infrastructure Fund, a €250m vehicle to be established with iibGroup and GoCV as founding partners. The fund is aimed at upgrading, or building new, infrastructure principally in the transport, energy, water and communications sectors. It will be established in Luxembourg with the manager located in Lisbon. The first closing of the fund is foreseen in Q4 2019 at €50m and the final closing is expected in Q4 2020 at €250m, to be followed by a five-year investment period and ten-year overall fund life.

iib Djibouti matches Customer Donations & provides DJF 20 Million to support the fight against COVID-19

The launch of the SME Guaranteed Fund

The Ministry of Economy and Finance, in charge of Industry has created within the Partial Credit Guarantee Fund of Djibouti (FGPCD) a new product called Exceptional Depreciable Cash Credit.