Release date: 27 February 2006
Promoter – Financial Intermediary
East African Development BankLocation
Description
Line of credit for financing small and medium sized investment projects by way of term loans and leasing in EUR or USD.
Objectives
To increase the availability to enterprises in East Africa of term finance, including fixed rate lending, through provision of long-term resources to a specialised intermediary operating at regional level. The final beneficiaries are private enterprises in various productive sectors of the economy, and private, or commercially run State owned operators of public infrastructure.
Comments
Agro-industry, fishing, mining, manufacturing, tourism or services related to these sectors; public infrastructure of vital importance to the private economy.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 25 million
Total cost (Approximate amount)
Not Applicable.
Environmental aspects
Environmental risks and mitigating measures are assessed by EADB as part of its regular project appraisal, involving external expertise where necessary, in compliance with national regulation supervised by the competent environmental authorities (NEMA) and relevant World Bank standards.
Procurement
Assets to be financed will be procured on a competitive basis taking into account relevant market practice as well as the nature and size of the goods considered.
Status
Signed - 17/11/2006
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).