Press secretariat

The European Investment Bank’s international partnerships and development arm, EIB Global, and Zambia Industrial Commercial Bank Ltd (ZICB) have today signed an agreement to mobilise a combined €30 million (ZMW 767 million) to support private sector development in the country’s agricultural sector. The announcement was made during the ongoing EU-Zambia Lobito Corridor Business Forum in the presence of Zambian President, Hakainde Hichilema and EU Commissioner for International Partnerships, Josef Síkela.

During his visit to North Macedonia, EIB Vice-President Robert de Groot met with Prime Minister Hristijan Mickoski and signed a Host Country Agreement with Minister of Foreign Affairs and Foreign Trade Timčo Mucunski, marking an important milestone in strengthening support for the country’s economic growth and EU integration.

The European Investment Bank Group’s development arm, EIB Global, is committing €50 million to a reforestation fund run by Ardian, a world-leading private investment firm. The EIB Global pledge takes the form of an equity investment in Ardian’s Nature-Based Solutions fund, which supports reforestation, afforestation and the restoration of wetlands and mangroves worldwide.