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    Reference: 20120317
    Release date: 9 November 2012

    Promoter – Financial Intermediary

    A number of financial intermediaries, including National Microfinance Bank Plc, Tanzania and Family Bank, Kenya.

    Location

    Description

    The East & Central Africa Private Enterprise Finance Facility (ECA PEFF) will be made available to eligible financial intermediaries engaged in financing small and medium-sized enterprises in Kenya, Tanzania, Uganda, Rwanda, Burundi, Democratic Republic of Congo and Djibouti. Eligible businesses would be private enterprises involved in agribusiness, fishing, food processing, manufacturing, construction industry, transport, tourism, private education and healthcare and services related to these sectors.

    Objectives

    Improve access and terms of financing to facilitate private sector investment (small and medium sized enterprises) in projects that stimulate economic growth.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 160 million

    Total cost (Approximate amount)

    EUR 320 million

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 27/06/2013

    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).

    Related tags

    Regional - East Africa Credit lines