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    Signature(s)

    Amount
    € 45,000,000
    Countries
    Sector(s)
    Botswana : € 20,000,000
    Zambia : € 25,000,000
    Credit lines : € 45,000,000
    Signature date(s)
    2/12/2014 : € 20,000,000
    4/12/2014 : € 25,000,000

    Summary sheet

    Release date
    31 July 2014
    Status
    Reference
    Signed | 02/12/2014
    20140130
    Project name
    Promoter - financial intermediary
    BANCABC REGIONAL FACILITY FOR SMEs AND MIDCAPS
    Eligible financial intermediaries of ABC Holdings, trading as BancABC.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 45 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Credit facility for the financing of private companies and commercially run public entities, with an emphasis on SMEs, in southern Africa through the financial intermediaries of ABC Holdings.

    The line of credit is intended to support the availability of term finance small, medium and midcap sized enterprises and commercially run public entities that contribute to private sector development and other priorities under the Mandate such as social and economic infrastructure.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Comments

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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 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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