Search EN menu
 
 Homepage

As an LGBTIQ inclusive employer, we celebrate the Luxembourg Pride Week.

See more  
en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

PEFF-UGANDA

Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Uganda : € 30,000,000
Credit lines : € 30,000,000
Signature date(s)
31/08/2007 : € 30,000,000
Link to source
Data sheet
PEFF-UGANDA
Other links
Summary sheet
Private Enterprise Finance Facility

Summary sheet

Release date
8 February 2007
Status
Reference
Signed | 31/08/2007
20060379
Project name
Promoter - financial intermediary
Private Enterprise Finance Facility
Allied Bank International (ABI), Barclays Bank of Uganda (BBU), Crane Bank, Diamond Trust Bank Uganda (DTBU), East African Development Bank (EADB), DFCU Ltd., Nile Bank
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 30 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Credit line providing long-term funds in Shillings and foreign currencies to selected intermediary banks to finance small and medium sized private investment projects; guarantee window for credit risk sharing on selected sub-borrowers.

The purpose is to support investment projects for the expansion, diversification, modernisation or start-up of enterprises, through financing loans and leasing transactions with a maturity matching the economic lifetime of assets. The credit line addresses the lack of long-term resources in the Ugandan financial markets.

Environmental aspects
Procurement

The intermediaries will assess environmental risks and mitigating measures as part of their regular project appraisal and will ensure compliance of projects to be financed with Ugandan environmental standards controlled by the competent authority (NEMA).

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.

Comments

Agro-industry, fishing, mining and quarrying, construction, food processing, manufacturing, tourism (or services related to these sectors), healthcare and education.

Link to source
Summary sheet
Private Enterprise Finance Facility
Other links
Data sheet
PEFF-UGANDA

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning 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, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

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

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the 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 and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

Related publications