📋 Tender Overview
Project Number: 48348
Company Name: Onafriq Mauritius Limited
Date SPI Disclosed: May 14, 2024
Country: Africa Region
Region: Africa
Projected Board Date: Jun 18, 2024
Environmental Category: C
Status: Pending Approval
Last Updated Date: May 16, 2024
Department: Regional Industry - FIG Africa
Industry: Financial Institutions
Sector: Money transfer, remittances
Project Description
The proposed project consists of a US$-denominated senior secured debt package of up to US$50 million to Onafriq Mauritius Limited (the Company ), a financial technology (fintech) company, to finance part of its permanent working capital (the Project ).
Total Project Cost and amount and nature of IFC's Investment: IFC’s proposed investment consists of an A Loan and B1 Loan Participations for up to US$50 million.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
