Release date: 14 September 2022
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The envelope aims to provide financing to a still-to-be-defined number of financial institutions across countries in Africa, Caribbean and Pacific (ACP) regions, for the implementation of their IT developments. It will finance IT related projects which could notably include the Research, Development and Innovation and implementation of IT systems in the field of mobile services, digitalisation, process optimisation, business model evolution, regulatory requirements and cyber-security protection.
Objectives
To support the digitalisation financial intermediaries in ACP countries, mostly in in Sub-Saharan Africa.
Sector(s)
- Credit lines - Credit lines
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 200 million
Environmental aspects
If located in Europe, the implementation of banking IT systems would not be covered by the EIA directive 2011/92/EU. In addition, the project activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project.
Procurement
The promoters of the individual projects under the Programme have been assessed by the EIB as being private companies not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to rules on public procurement.
Status
Approved - 20/10/2022
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).