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    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
    11/04/2012 : € 50,000,000
    3/04/2014 : € 50,000,000
    Link to source
    Data sheet

    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.

    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).

    News & Stories

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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