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FEDA

The Fund for Export Development in Africa (FEDA) is established by Afreximbank to address a USD110 billion equity funding gap in Africa, focusing on sectors critical for intra-African trade and export development. FEDA aims to provide equity capital and support services to enhance the success of businesses, particularly SMEs, across various sectors including agribusiness, manufacturing, and technology. With an initial commitment of $100 million, FEDA seeks to mobilize foreign direct investment and promote economic growth in member countries.

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9 views

FEDA

The Fund for Export Development in Africa (FEDA) is established by Afreximbank to address a USD110 billion equity funding gap in Africa, focusing on sectors critical for intra-African trade and export development. FEDA aims to provide equity capital and support services to enhance the success of businesses, particularly SMEs, across various sectors including agribusiness, manufacturing, and technology. With an initial commitment of $100 million, FEDA seeks to mobilize foreign direct investment and promote economic growth in member countries.

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mothusitax
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FUND FOR EXPORT

DEVELOPMENT IN AFRICA
(FEDA)

Why FEDA? volumes under the main pillars of the Intra-African Trade
Strategy (Create, Connect and Deliver) and the
The African Export-Import Bank (Afreximbank) has a strong Industrialization/Export Development Strategy (Catalyze,
track record in successfully lending to companies throughout Produce, Trade).
Africa and across different sectors, using commercial banks
as Trade Finance Intermediaries and also through direct FEDA is a development-oriented fund which will provide
lending. The Bank has played a critical role in mobilising equity capital, in order to achieve a reasonable financial
trade finance into Africa by catalysing foreign direct return, while delivering development impact in Africa. In this
investment (FDI) into critical sectors. To expand its offerings way, FEDA will deviate from the traditional private equity
to include vital equity investments, Afreximbank has created model, which simply focuses on risk and reward.
the Fund for Export Development in Africa (FEDA).
All Afreximbank member countries are eligible for FEDA
The need for FEDA has arisen from research which shows investment, provided they meet country selection criteria.
that there is equity funding gap of about USD110bn across The Fund Manager will work with set criteria to determine
Africa, and a need to meet a sectoral gap in impact equity sectors that have the greatest potential for intra-African
investments in sectors which are critical to driving intra- trade and export development in each member country.
African trade and export development. Thus, FEDA is
complementary to the Bank's major initiatives in the areas of Objectives
Intra-African Trade and Export Development. The ability to
provide equity financing to key companies in the value chain The long-term objective of FEDA is the provision of equity
of critical industries and sectors will significantly increase capital and related financial, non-financial and support
the likelihood of success in delivering on the Bank’s services targeted at operators in Africa’s tradables and
development priorities and building up the Bank's business support sectors, with emphasis on activities that will
promote and facilitate intra-African trade and value-added
exports (goods and services). Implementation timeline.
Taking a cue from the role FDI played in converting Asian
economies into export success stories, a key objective of The Fund’s implementation is currently ongoing with
FEDA is to leverage on the role Afreximbank has played in operations expected to commence after completion of
mobilising trade finance into Africa. FEDA is expected to the establishment phase.
mobilise FDI into the continent.
For more information on FEDA please contact:
Fund Size Dr. Philip KAMAU
Chief Executive Officer (CEO)
FEDA is being set up as a wholly-owned subsidiary of
Afreximbank, which will implement the Bank’s Equity Fund for Export Development in Africa (FEDA)
Investment Programme. FEDA will be set up with an initial African Export – Import Bank
$100 million commitment. 72B El-Maahad El-Eshteraky Street
P.O Box 613 Heliopolis,
Areas of intervention Cairo 11757, Egypt
Tel +20 2 2456 4100/1/2/3
FEDA will invest across all market segments but with Dir +20 2 2456 4176
greatest focus on SMEs, which represent about 90% of Mob +20 122 106 4758
businesses in Africa. FEDA will also invest in mature Email: pkamau@afreximbank.com
companies and startup businesses where there is a gap in Website: www.afreximbank.com
the marketplace and where investments have a high level of
additionality. FEDA will intervene in the following sectors:
• Agribusiness
• Manufacturing
• Consumer goods and retail
• Financial institutions
• Technology
• Tradable services
• Travel, Tourism, entertainment, healthcare, etc.
• Transportation and logistics

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