SIFMA: Fund Manager of EAIF

EAIF has appointed Standard Infrastructure Fund Managers (Africa) Limited (“SIFMA”) as the Fund Manager under an exclusive long term Fund Management contract.

SIFMA is a private limited company established in Mauritius by its shareholders:  Standard Bank Group (as the lead sponsor) and FMO of the Netherlands and Emerging Markets Partnership (“EMP”) of the USA (as joint venture partners).  See Useful Links for contact details.

The scope of SIFMA’s core responsibilities under the Fund Management contract include interalia:

• Identification of investment opportunities that comply with EAIF's Investment Policy (including environmental, social, health and safety standards);

• Making investment proposals to the New Business and Credit Committees of EAIF;

• Performing due diligence investigations on investment opportunities which SIFMA determines are appropriate for review by EAIF's Credit Committee;

• Negotiation of investment documentation, and ongoing monitoring and management of EAIF's investments;

• Administrative services for EAIF with regard to debt service, cash management, maintenance of records and reporting.

SIFMA, in turn, delegates the majority of its responsibilities to FMFM.