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ZIMBABWE PRIVATE SECTOR FACILITY

Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Zimbabwe : € 40,000,000
Credit lines : € 40,000,000
Signature date(s)
19/01/2022 : € 12,500,000
16/05/2022 : € 12,500,000
23/03/2021 : € 15,000,000
Link to source
Data sheet
ZIMBABWE PRIVATE SECTOR FACILITY
Other links
Summary sheet
ZIMBABWE PRIVATE SECTOR FACILITY
Related press
Zimbabwe: CABS and EIB unveil EUR 15 million COVID resilience business financing initiative
Related press
Zimbabwe: First Capital Bank Limited partners with the EIB to develop SMEs and MidCap Companies through a major EUR 12,5 Million developmental line of credit

Summary sheet

Release date
7 October 2016
Status
Reference
Signed | 23/03/2021
20160054
Project name
Promoter - financial intermediary
ZIMBABWE PRIVATE SECTOR FACILITY
Financial institutions in Zimbabwe
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
not applicable
Location
Sector(s)
Description
Objectives

An intermediated facility to support limited-scale private sector investments in Zimbabwe

Financing of projects carried out by private enterprises

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.

Link to source
Summary sheet
ZIMBABWE PRIVATE SECTOR FACILITY
Other links
Data sheet
ZIMBABWE PRIVATE SECTOR FACILITY
Related press
Zimbabwe: CABS and EIB unveil EUR 15 million COVID resilience business financing initiative
Related press
Zimbabwe: First Capital Bank Limited partners with the EIB to develop SMEs and MidCap Companies through a major EUR 12,5 Million developmental line of credit

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
Related press
Zimbabwe: CABS and EIB unveil EUR 15 million COVID resilience business financing initiative
Related press
Zimbabwe: First Capital Bank Limited partners with the EIB to develop SMEs and MidCap Companies through a major EUR 12,5 Million developmental line of credit
Other links
Data sheet
ZIMBABWE PRIVATE SECTOR FACILITY
Summary sheet
ZIMBABWE PRIVATE SECTOR FACILITY

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.

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