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Summary sheet

Release date
28 October 2020
Status
Reference
Approved | 16/12/2020
20200763
Project name
Promoter - financial intermediary
COVID-19 DIGITAL AFRICA LOAN ENVELOPE
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million
EUR 120 million
Location
Sector(s)
Description
Objectives

The envelope aims at accelerating the deployment of digital infrastructure and solutions in sub-Saharan Africa, in particular the ones now being used to build resilience in response to the COVID-19 crisis. The envelope aims at financing operators of telecom infrastructures (international connectivity, backbones, access networks, cores, datacentres and the modernisation of energy supply infrastructure of cellular tower sites). The envelope also aims at financing service companies offering digital solutions, which could notably include the research and development (R&D) and the implementation of IT systems in the field of mobile services, digitalisation, process optimisation, business model evolution, regulatory requirements, risk management and cyber-security protection.

Accelerating the deployment of digital infrastructure and solutions in sub-Saharan Africa, in particular the ones now being used to build resilience in response to the COVID-19 crisis.

Environmental aspects
Procurement

If it were located within the EU, the underlying projects would not require a mandatory environmental impact assessment (EIA), as it does not fall under Annex I or II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. Full environmental and social details will be assessed during appraisal of the underlying projects, with particular focus on infrastructure, which are the project that will require relevant construction works, and environmental and social studies may be required by the Bank.

The Bank will require that the Promoters of the underlying projects ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Related projects
Link to source

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).

Documents

Environmental and Social Data Sheet (ESDS) - COVID-19 DIGITAL AFRICA LOAN ENVELOPE
Publication Date
29 Dec 2020
Document language
Main Topic
Lending
Document Number
133610253
Document Focus
Environmental Information
Project Number
20200763
Sector(s)
Countries
Publicly available
Download now

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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