Investment criteria
ECODEV favors a flexible approach adapted to the realities of the contexts in which it operates. The investment criteria are listed below.
Geography
Where Endeavour Mining operates: West Africa, with a specific focus on Ivory Coast, Burkina Faso and Mali.
Eligible promotors
Private promotors operating in the targeted countries.
Eligible projects
New projects, or projects needing structuring and upscaling (greenfield – brownfield).
Eligible sectors
No sector exclusion, but ECODEV strongly favors projects with a high economic, social and environmental impact (See Impacts page).
Financial instruments
Debt, equity, quasi-equity. No grant.
Expected impact
See Impacts page.
Profitability
ECODEV targets a 20 to 25% IRR for each project.
Term
Flexible, from 3 to 7 years.
Exit strategy
Prefered strategy is rebuying shares by funded company.
Minimum financing by promotor
Flexible.
Co-financing
Flexible.
ECODEV funding
From US$ 200 000 to US$ 5 millions.
Other criteria
Promotors track – record, and their knowledge of the local context, are closely assessed.
Additional information can be obtained through contacting ECODEV management team.