Release date: 7 November 2016
Promoter – Financial Intermediary
I&M BANK (RWANDA) LTD,I&M BANK LTDLocation
Description
A regional facility to four banks across eastern Africa within the I&M banking group to part-finance investments in Kenya, Rwanda, Tanzania and Mauritius by private sector enterprises and public sector entities
Objectives
The implementation of a range of financially, economically and environmentally sound projects being carried out in four countries across eastern Africa by private sector enterprises (including small and medium-sized enterprises (SMEs) and mid-cap organisations) and commercially operated public sector entities in eligible sectors, including manufacturing, (renewable) energy and wholesale and retail commerce for the sustainable economic and social development of these countries
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
USD 30 million (EUR 28 million)
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with the applicable national social and environmental legislation, EIB guidelines and EU standards.
Procurement
Final beneficiaries will be requested to comply with applicable national procurement legislation, EIB guidelines and EU standards.
Status
Signed - 13/12/2017
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).