FONSIS provides:

• equity capital
• quasi-equity (equity loans, convertible loans, subordinated loans, etc.)
• fund raising
• strategic advice and sector expertise
• seeking partnerships and markets

•  Preliminary analysis of the project
• Technical, financial, accounting, legal, environmental and social due diligence
• Approval by the decision-making bodies (investment committee, board of directors)
• Negotiation and conclusion of the investment contract
• Disbursement, once the conditions precedent have been met (including the raising of debt)
• Monitoring and reporting
• Payment of dividends by the project, if applicable
• Investment exit

• share capital and other permanent capital resources
• assets transferred by the State
• State subsidies in the form of budget allocations
• debt raised for a specific investment opportunity
• resources from unilateral, bilateral or multilateral cooperation.
• Monitoring and reporting 
• Payment of dividends by the project, if applicable
• Investment exit

FONSIS invests in the sectors identified by the Emerging Senegal Plan, with priority given to the following macro-sectors:

• Agribusiness,
• Health & Pharma,
• Water & Energy,
• Infrastructure & Transportation,
• Funds & Financing vehicles.

• Request from the promoter
• Project description
• Trade register
• NINEA
• Publication in the Journal Officiel
• Composition of shareholders
• The last 3 financial statements and the business plan
• Tax clearance for existing companies

• Projects or companies with high potential for growth and job creation in Senegal
• Projects in the sectors covered by the Emerging Senegal Plan (ESP)

The criteria depend on the Fund investing.

FONSIS:

• Minimum net IRR of 12
• Investment in excess of 300 million FCFA for FONSIS
• Economic, social and environmental impact.
• Economic and social impact

The Agri Fund:

• Minimum net IRR of 12
• Investment of CFAF 50 to 300 million for the SME Fund,
• Economic, social and environmental impact.

WE! Fund: visit www.wefund.sn

Teranga Capital: visit www.terangacapital.com