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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Regional - East Africa Credit lines