GuarantCo has appointed Frontier Markets Fund Managers Limited (“FMFML”) as the Manager and Supplier of Support Services under an exclusive long term contract.

FMFML 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 FMFML’s core responsibilities under its contract include interalia:

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

• Proposing guarantee opportunities to the New Business and Credit Committees of GuarantCo;

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

• Negotiation of investment documentation, and ongoing monitoring and management of GuarantCo's transactions;

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

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