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).