Reference:
20230543
Release date: 14 July 2023
Release date: 14 July 2023
Promoter – Financial Intermediary
ZAMBIA INDUSTRIAL COMMERCIAL BANK LTDLocation
Description
The project consists in a risk-sharing facility, supported by a grant from the European Commission, to provide guarantees to Zambia Industrial Commercial Bank (ZICB) financing agri-food value chain investments in the country.
Objectives
The aim is to enhance access to finance for private sector enterprises implementing agriculture value chain projects.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 4 million
Total cost (Approximate amount)
EUR 30 million
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
Approved - 8/01/2024
Milestone
Approved
8 January 2024