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

Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Tanzania : € 20,000,000
Credit lines : € 20,000,000
Signature date(s)
21/02/2023 : € 20,000,000

Summary sheet

Release date
21 December 2022
Status
Reference
Signed | 21/02/2023
20220593
Project name
Promoter - financial intermediary
TANZANIA GENDER AND BLUE ECONOMY FACILITY - KCB
KCB BANK TANZANIA LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
not applicable
Location
Sector(s)
Description
Objectives

This facility aims to provide financing to KCB Bank in Tanzania for onward lending to private sector entities, mostly small and medium sized enterprises, with a particular focus on women owned or managed businesses. It is envisaged that the operation will benefit from an EU grant to finance a partial portfolio guarantee as well as technical assistance.

Financing of small/medium projects carried out by small and medium sized enterprises and mid-caps.

Additionality and Impact

The operation concerns financing to KCB Tanzania (KCBT), a financial intermediary (FI) in Tanzania, for on-lending to eligible small and medium-sized enterprises (SMEs) and MidCaps with a focus on women owned and/or managed businesses and enterprises operating in the Tanzanian economy. As such, it will tackle the long-standing credit constraints for SMEs, by improving access to credit and tailoring loan terms to the specificities of women led businesses in the economy. It is envisaged that the operation may benefit from potential EU financial support including technical assistance which will address certain gaps and constraints limiting access to finance by SMEs operating in these underserved segments. Under the operation, FIs will be able to access credit lines in both foreign (USD, EUR) and potentially local currency (TZS). The credit line will carry longer tenors than commonly available in Tanzania, thereby supporting KCBT to diversify and stabilise its funding structure while ensuring final beneficiaries' access to financing that matches the economic life of the underlying assets. The operation will benefit from EIB's gender technical expertise and financial structuring.


The operation will contribute to addressing the market failure of imperfect/asymmetric information and will provide positive externalities. Through its thematic themes, the operation will help increase resilience of local communities as well as contribute to gender equality. The project responds to a number of specialized national policies and planning frameworks (incl. a focus on gender) which are at the heart of the development and political agenda in Tanzania. The project is under the auspices of the EU's external action, the Neighbourhood, Development and International Cooperation Instrument (NDICI) and is aligned with the country's National Development Vision for 2025 and its implementation plan as well as the EU Multiannual Indicative Program for the period 2021-2027. It will also contribute to several Sustainable Development Goals.

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.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Milestone
Under appraisal
Approved
Signed
24 January 2023
21 February 2023
Related projects

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