FMFML as Fund Manager to EAIF

Emerging Africa Infrastructure Fund (“EAIF”) has appointed FMFML as the Fund Manager under an exclusive long term Fund Management contract.
The scope of FMFML’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 FMFML 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.

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