Release date: 19 October 2006
Promoter – Financial Intermediary
- Banque Rwandaise De Développement (Contact person : Mr. Théogène Turatsinze ; Fax No : 250 - 573569)
- Banque Commerciale du Rwanda ( Contact Person : Mr. David Kuwana ; Fax No : 250 - 593395)
Location
Description
Line of Credit for on-lending in the form of medium and long-term financing in Euros and local currency.
Objectives
Financing of Rwandan companies, particularly Small and Medium sized, and micro enterprises.
Comments
Sectors eligible under the Cotonou Agreement, including, agribusiness, manufacturing, transport, construction, energy, health and education, and services amongst others.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 10 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Investors in Rwanda are required to respect the national legislation on the matter. The selected banks do recognise that environmental risks have to be part of the standard risk assessment procedures.
Procurement
The financial intermediaries will ensure that equipment, works and services to be financed will be procured at the most advantageous prices, having regard to quality and efficiency, and that an open international bidding procedure will be followed where appropriate.
Status
Signed - 21/12/2006
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).