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    Reference: 20110106
    Release date: 9 August 2011

    Promoter – Financial Intermediary

    A number of commercial banks operating in Kenya

    Location

    Description

    A line of credit providing long-term funds in KES, EUR and USD to selected intermediary banks in Kenya for the financing of investment projects undertaken by small and medium sized enterprises.

    Objectives

    Improve access and terms of financing to facilitate private sector investment in projects that stimulate economic growth.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 20 million

    Total cost (Approximate amount)

    Not applicable

    Environmental aspects

    Financial intermediaries will ensure that environmental impacts of projects to be financed by PEFF II Kenya will be identified and mitigated by the promoters in accordance with international and/or local standards, as applicable.

    Procurement

    Intermediaries will ensure goods and works financed will be procured on a competitive basis, taking into account the nature and size of projects concerned.

    Status

    Signed - 16/12/2011

    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).

    Related tags

    Kenya Credit lines