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South Africa

Iveri Payment Technologies

$0.8 million
Financial Services
Project Brief
Not Active

Project Facts

Project Facts

Project Facts

South Africa
Project ID
7790
Guarantee Holder
ADC IT & Payment Solutions
Investor Country
Mauritius
Environmental Category
C
Date SPG Disclosed
January 27, 2012
Projected Board Date
February 10, 2012
Project Type
SIP
Fiscal Year
2012

In fiscal year 2009, MIGA issued a guarantee of $320,000 for ADC IT & Payment Solutions (ADC) of Mauritius covering its equity investment in Iveri Payment Technologies of South Africa. In fiscal year 2012, the contract was amended to provide additional coverage of $0.8 million, bringing MIGA’s gross exposure under the project to $1.1 million. The scope of the project has not changed. Please refer to the brief issued in fiscal year 2009.