Signature(s)
Amount
€ 70,000,000
Countries
Sector(s)
South Africa
: € 70,000,000
Credit lines
: € 70,000,000
Signature date(s)
17/12/2018 : € 70,000,000
Summary sheet
Release date
31 July 2018
Status
Reference
Signed | 17/12/2018
20180498
Project name
Promoter - financial intermediary
IDC PRIVATE SECTOR FACILITY 2
INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project consists of a credit facility to IDC for on-lending to private sector limited-scale investments in South Africa.
The facility will focus on the financing of small and medium-sized enterprises (SMEs) undertaking projects in South Africa.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Under ELM Guarantee
This operation is covered by the ELM Guarantee.