Release date: 14 June 2005
Promoter – Financial Intermediary
- SONIBANK,
- Banque Internationale pour l'Afrique au Niger (BIA Niger),
- Bank of Africa Niger (BOA)
Location
Description
A credit line in favour of SONIBANK, BIA Niger and BOA Niger for the granting of finance to small and medium-sized enterprises.
Objectives
To increase intermediaries’ access to medium and long-term resources in order to promote the financing – in the form of loans – of capital projects undertaken by small and medium-sized enterprises and thus help to improve the competitiveness and growth of the private sector in Niger.
Comments
Global loans. Sectors eligible under the Cotonou Agreement.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 8 million in favour of three banks.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The environmental impact of each of the capital projects supported via the global loans will be assessed by the intermediaries on the basis of instructions issued by the Bank, which will check that the projects comply with the environmental standards normally applied by it.
Procurement
The equipment, services and works under the supported projects will be selected in accordance with appropriate procedures - international or national invitations to tender or consultations – in the light of the characteristics of the projects.
Status
Signed - 3/10/2005