Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 65,000,000
Sector(s)
Credit lines : € 65,000,000
Signature date(s)
21/06/2023 : € 65,000,000

Summary sheet

Release date
20 October 2022
Status
Reference
Signed | 21/06/2023
20220368
Project name
Promoter - financial intermediary
ABI YOUTH & GENDER LOAN FOR SMES AND MIDCAPS
ATLANTIC BUSINESS INTERNATIONAL SA
Proposed EIB finance (Approximate amount)
EUR 65 million
Location
Sector(s)
Description
Objectives

L'opération proposée est un prêt intermédié à bénéficiaires multiples à Atlantic Business International SA, qui sera déployé par l'intermédiaire de ses filiales bancaires dans les États Membres de l'Union Économique et Monétaire Ouest-Africaine (UEMOA), pour rétrocession à des Petites et Moyennes Entreprises (PME) et Entreprises de Taille Intermédiaire (ETI), en mettant l'accent sur l'emploi des jeunes et l'égalité des genres

Cette opération a pour objectif le financement de projets portés par des Petites et Moyennes Entreprises (PME) et des Entreprises de Taille Intermédaire (ETI), et ciblera notamment les PME contribuant significativement à l'emploi des jeunes et à l'égalité des genre dans l'accès à la finance.

Additionality and Impact

The proposed Multiple Beneficiary Intermediated Loan (MBIL) aims at on-lending to private businesses, notably SMEs. It will contribute to the private sector inclusive growth and decent job creation in Member States of the West African Economic and Monetary Union (WAEMU) and will target specifically i) decent job creation for youth and youth entrepreneurship and ii) businesses owned, run, employing or primarily serving women, in line with the 2X Challenge criteria.

 

The project is expected to enhance inclusive growth and sustainable economic development and is aligned with the priorities expressed under the NDICI-Global Europe and the African Union's Agenda 2063. It will contribute to the achievement of Sustainable Development Goals (SDGs) 1 "No Poverty", SDG-5 "Gender Equality", SDG-8 "Decent Work and Economic Growth", SDG-10 "Reducing Inequalities" and SDG-17 "Partnerships for the Goals".

 

The availability of longer-term funds in hard currencies will enable ABI to diversify its funding sources, extend the tenors of its underlying loan and continue deepening local financial markets. It is foreseen that technical assistance will be provided to ABI through the African Women Rising Initiative. Moreover, a partial portfolio guarantee under the EFSD Guarantee will be deployed to enable ABI to provide wider access to finance for SMEs, with enhanced conditions for young persons and women. 

Environmental aspects
Procurement

Les bénéficiaires finaux devront se conformer à la législation nationale et européenne pertinente en vigueur.

Les bénéficiaires finaux devront se conformer à la législation nationale et européenne pertinente en vigueur.

Under Global Europe NDICI guarantee

Dans le cadre de la garantie EFSD+

Milestone
Under appraisal
Approved
Signed
14 December 2022
21 June 2023
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).

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.

Related publications