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Summary sheet

Release date
14 July 2023
Status
Reference
Approved | 08/01/2024
20230543
Project name
Promoter - financial intermediary
ZAMBIA AGRICULTURE - RSF ZICB
ZAMBIA INDUSTRIAL COMMERCIAL BANK LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 4 million
EUR 30 million
Location
Sector(s)
Description
Objectives

The project consists in a risk-sharing facility, supported by a grant from the European Commission, to provide guarantees to Zambia Industrial Commercial Bank (ZICB) financing agri-food value chain investments in the country.

The aim is to enhance access to finance for private sector enterprises implementing agriculture value chain projects.

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.

Milestone
Approved
8 January 2024
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

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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.
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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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