EADB REGIONAL FINANCE FACILITY II

The Bank would provide a credit line of up to EUR 25 M from Investment Facility Resources to East African Development Bank (EADB) for on-lending to small and medium sized investment projects in Uganda, Kenya, Tanzania and Rwanda. The target final beneficiaries are enterprises in agro-industry, fishing, construction, food processing, manufacturing, tourism, healthcare, education or services related to these sectors.

Objectives

EIB participation would support EADB's expansion of its lending portfolio, which would give EADB a more substantial role to play in promoting development in the four East African member countries and regional integration as foreseen in its Charter.

Comments

Sector(s)

Credit lines

Proposed EIB finance (Approximate amount)

EUR 25 million

Total cost (Approximate amount)

Not applicable.

Environmental aspects

Compliance with EU and national environmental legislation and guidelines will be made a condition for each sub-project under the global loan.

Procurement

EADB will ensure that the assets to be financed will be procured on a competitive basis taking into account the particular nature and size of the goods considered. A corresponding undertaking will be set out in the sub-finance contracts.

Status

Signed - 27/12/2012.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Financing of leasing operations to support development of private and commercially-run public sector companies in East African Community countries (Kenya, Rwanda, Uganda and Tanzania)

E-mail

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.

Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.

Media enquiries

Media related enquiries can be addressed to the EIB Press Office. Please also visit our Press Corner.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero-tolerance against fraud and corruption

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

EIB Transparency Policy

The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.

Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.