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    Signature(s)

    Amount
    € 24,910,203.17
    Countries
    Sector(s)
    Regional - East Africa : € 24,910,203.17
    Credit lines : € 24,910,203.17
    Signature date(s)
    13/12/2017 : € 8,520,790.73
    17/01/2018 : € 16,389,412.44
    Link to source

    Summary sheet

    Release date
    7 November 2016
    Status
    Reference
    Signed | 13/12/2017
    20160570
    Project name
    Promoter - financial intermediary
    I&M BANK REGIONAL FINANCING FACILITY
    I&M BANK (RWANDA) LTD,I&M BANK LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 30 million (EUR 28 million)
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    A regional facility to four banks across eastern Africa within the I&M banking group to part-finance investments in Kenya, Rwanda, Tanzania and Mauritius by private sector enterprises and public sector entities

    The implementation of a range of financially, economically and environmentally sound projects being carried out in four countries across eastern Africa by private sector enterprises (including small and medium-sized enterprises (SMEs) and mid-cap organisations) and commercially operated public sector entities in eligible sectors, including manufacturing, (renewable) energy and wholesale and retail commerce for the sustainable economic and social development of these countries

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with the applicable national social and environmental legislation, EIB guidelines and EU standards.

    Final beneficiaries will be requested to comply with applicable national procurement legislation, EIB guidelines and EU standards.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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