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)
- Credit lines - Credit lines
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
Summary sheet