Signature(s)
Summary sheet
Line of credit for financing small and medium sized investment projects by way of term loans and leasing in EUR or USD.
To increase the availability to enterprises in East Africa of term finance, including fixed rate lending, through provision of long-term resources to a specialised intermediary operating at regional level. The final beneficiaries are private enterprises in various productive sectors of the economy, and private, or commercially run State owned operators of public infrastructure.
Environmental risks and mitigating measures are assessed by EADB as part of its regular project appraisal, involving external expertise where necessary, in compliance with national regulation supervised by the competent environmental authorities (NEMA) and relevant World Bank standards.
Assets to be financed will be procured on a competitive basis taking into account relevant market practice as well as the nature and size of the goods considered.
Agro-industry, fishing, mining, manufacturing, tourism or services related to these sectors; public infrastructure of vital importance to the private economy.