Signature(s)
Amount
€ 120,000,000
Countries
Sector(s)
Kenya
: € 120,000,000
Credit lines
: € 120,000,000
Signature date(s)
11/04/2012 : € 20,000,000
3/04/2014 : € 50,000,000
11/04/2012 : € 50,000,000
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Data sheet
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Summary sheet
Release date
31 January 2012
Status
Reference
Signed | 11/04/2012
20110505
Project name
Promoter - financial intermediary
Private Enterprise Finance Facility III Kenya (PEFF III Kenya)
A number of commercial banks operating in Kenya
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 120 million
Not applicable
Location
Sector(s)
Description
Objectives
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 aimed at private sector enterprises.
Improve access and terms of financing to facilitate private sector investment in projects that stimulate economic growth.
Environmental aspects
Procurement
Financial intermediaries will ensure that environmental impacts of projects to be financed by PEFF III Kenya will be identified and mitigated by the promoters in accordance with international and/or local standards, as applicable.
Intermediaries will ensure goods and works financed will be procured on a competitive basis, taking into account the nature and size of projects concerned.
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Data sheet
Related press
Related press
News & Stories
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