Follow-on investment in Basharsoft as part of Venture Capital Investment Programme (VCIP).
ETI score: 100
The Venture Capital Investment Programme targets innovative and high growth small and medium sized companies largely under-serviced by the very limited venture capital community in the region. Transition of the VCIP investments derives from supporting: (i) the "Competitive" quality through promoting young innovative companies in their growth, innovation, and skills enhancement (Qualified Co-investors are expected to transfer skills and know-how); and (ii) the "Resilient" quality through the development of the venture capital ecosystem and diversification of funding in a region where VC funds are not readily available.
EL BASHARSOFT INC
Basharsoft operates the leading Egyptian online job listing platforms and provides additional software products to connect Egyptian job seekers to jobs and help employers manage the recruitment process.
Under VCIP, additionality stems from the Bank's ability to bring extensive regional private equity experience and experience of the region, networks and relationships to support the VCIP Qualified Co-Investors in their investments in investee companies.
Company Contact Information
PSD last updated
06 May 2020
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.