Release date: 30 August 2018
Promoter – Financial Intermediary
AFRICAN EXPORT-IMPORT BANK,ACCEPTABLE BANK(S)Location
Description
The project consists of a loan to finance private sector trade-related investments in Sub-Saharan Africa including at least 25% of climate action projects. These eligible investments would be directly financed by Afreximbank or, in the case of loans to small and medium-sized enterprises (SMEs), through local commercial banks with which the EIB does not maintain a relationship.
Objectives
This project will improve competitiveness and access to finance at favourable conditions for SMEs and support intra and extra African trade as well as renewable energy and energy efficiency projects. This operation contributes to climate action and to international and regional integration by supporting entrepreneurs and job creation.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 20/12/2018
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).