Within the Region,The geographical focus of the Fund’s investments encompasses the Economic Community of West African States (“ECOWAS”) and the Economic Community of Central African States (’’ECCAS’’) regions of sub-Saharan Africa. It also includes Morocco, Mauritania, Rwanda and Uganda which are economically integrated with ECOWAS and ECCAS. The Fund has identified the following 8 core countries (the “Core Countries”) in which it intends to invest a significant share of its Commitments.
The Core Countries were selected for the following characteristics:
- They are economic anchors within the Region (collectively, they represent more than 60% of the GDP of the Region);
- They are expected to exhibit robust GDP growth (except for Cote d’Ivoire which is rebounding from recent internal strife);
- Several of the companies the Fund is targeting are headquartered or have significant activities in the core countries.