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AFREXIMBANK TRADE AND CLIMATE ACTION LOAN

Signature(s)

Amount
€ 300,000,000
Sector(s)
Energy : € 75,000,000
Credit lines : € 225,000,000
Signature date(s)
20/12/2018 : € 75,000,000
20/12/2018 : € 225,000,000
Link to source
Data sheet
AFREXIMBANK TRADE AND CLIMATE ACTION LOAN
Other links
Summary sheet
AFREXIMBANK TRADE AND CLIMATE ACTION LOAN
Related press
EIB supports jobs and climate action across Africa with new EUR 200 million loan to Afreximbank

Summary sheet

Release date
30 August 2018
Status
Reference
Signed | 20/12/2018
20180534
Project name
Promoter - financial intermediary
AFREXIMBANK TRADE AND CLIMATE ACTION LOAN
AFRICAN EXPORT-IMPORT BANK,ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a loan to finance private sector trade-related investments in Sub-Saharan Africa including at least 25% of climate action projects. These eligible investments would be directly financed by Afreximbank or, in the case of loans to small and medium-sized enterprises (SMEs), through local commercial banks with which the EIB does not maintain a relationship.

This project will improve competitiveness and access to finance at favourable conditions for SMEs and support intra and extra African trade as well as renewable energy and energy efficiency projects. This operation contributes to climate action and to international and regional integration by supporting entrepreneurs and job creation.

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
AFREXIMBANK TRADE AND CLIMATE ACTION LOAN
Other links
Data sheet
AFREXIMBANK TRADE AND CLIMATE ACTION LOAN
Related press
EIB supports jobs and climate action across Africa with new EUR 200 million loan to Afreximbank

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
EIB supports jobs and climate action across Africa with new EUR 200 million loan to Afreximbank
Other links
Data sheet
AFREXIMBANK TRADE AND CLIMATE ACTION LOAN
Summary sheet
AFREXIMBANK TRADE AND CLIMATE ACTION LOAN

Photogallery

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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