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Signature(s)

Amount
€ 189,358,076.12
Sector(s)
Credit lines : € 189,358,076.12
Signature date(s)
12/12/2022 : € 189,358,076.12

Summary sheet

Release date
19 September 2022
Status
Reference
Signed | 12/12/2022
20220205
Project name
Promoter - financial intermediary
TDB SUPPLY CHAIN FINANCE LOAN FOR SMES & MIDCAPS
ACCEPTABLE BANK(S),EASTERN AND SOUTHERN AFRICAN TRADE AND DEVELOPMENT BANK
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 200 million (EUR 200 million)
not applicable
Location
Sector(s)
Description
Objectives

Loan to Eastern and Southern African Trade and Development Bank (TDB) to support working capital and investment needs of small and medium-sized enterprises (SMEs) and mid-caps, including trade finance. The loan will benefit SMEs and mid-caps in eligible countries across TDB member states, which are also signatories of the Cotonou Agreement or its successor.

The operation is aimed at promoting supply chain financing investments, working capital and new investments carried out by private promoters, across a range of eligible sectors. The loan will be deployed directly by TDB or indirectly through various Financial Intermediaries ("FIs"), which TDB works with.

Additionality and Impact

The operation concerns a loan to Eastern and Southern African Trade and Development Bank (TDB) for onward lending to private sector companies, either directly or through financial intermediaries. The project falls under the remit of the European Union's (EU) external action, the Neighbourhood, Development and International Cooperation Instrument (NDICI) and its Investment Framework as well as the African Union's Agenda 2063 and the EU Sub-Saharan Africa Multi-Annual Indicative Programme 2021-2027, which supports a stronger regional and continental economic integration through inclusive economic growth and job creation. The operation will advance several Sustainable Development Goals, too. This loan will support a good number of African businesses impacted by the global disruption in supply value chain.

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.

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

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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.

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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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