Release date: 4 August 2010
Promoter – Financial Intermediary
Bank of Africa
Centenary Rural Development Bank Ltd
Crane Bank Limited
DFCU BANK
Housing Finance
Location
Description
Private Enterprise Finance Facility II - a line of credit to provide long-term funds in EUR, USD and Ugandan Shillings to selected intermediary banks in Uganda for financing investment projects aimed at developing private enterprises.
Objectives
Improve access and terms of financing to facilitate private sector investment in projects that stimulate economic growth.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 80 million
Environmental aspects
Intermediaries will ensure that environmental impacts of projects to be financed by PEFF II will be identified and mitigated by the promoters in accordance with international and/or local standards, as applicable.
Procurement
Intermediaries will ensure goods and works financed will be procured on a competitive basis, taking into account the nature and size of projects concerned.
Status
Signed - 20/12/2010
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).