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    Signature(s)

    Amount
    € 30,000,000
    Countries
    Sector(s)
    Malawi : € 30,000,000
    Services : € 30,000,000
    Signature date(s)
    20/07/2016 : € 30,000,000

    Summary sheet

    Release date
    12 January 2016
    Status
    Reference
    Signed | 20/07/2016
    20150530
    Project name
    Promoter - financial intermediary
    NATIONAL BANK OF MALAWI AGRISTORAGE FACILITY
    NATIONAL BANK OF MALAWI
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Intermediated facility to support limited-scale private sector investments in Malawi, with an emphasis on the development of new agricultural storage capacity

    Financing of investments carried out by small and medium-sized enterprises (SMEs) and mid-caps in Malawi

    Environmental aspects
    Procurement

    The environmental and social assessment capacities and approval requirements of the Malawi authorities will be assessed at appraisal, in order to ensure compliance of the operation with the Bank's environmental and social policy.

    The EIB will require the promoter to ensure that implementation of the investments is done in accordance with the Bank's Guide to Procurement.

    Link to source

    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

    Link to source

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    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.

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    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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