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GREEN AFRICAN AGRI VALUE CHAIN - ZEMEN BANK

Summary sheet

Release date
25 February 2025
Status
Reference
Approved | 15/05/2025
20230690
Project name
Promoter - financial intermediary
GREEN AFRICAN AGRI VALUE CHAIN - ZEMEN BANK
ZEMEN BANK SC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
not applicable
Location
Sector(s)
Description
Objectives

The operation consists in an intermediated loan to Zemen Bank to on-lend to exporting small and medium-sized enterprises (SMEs) and mid-caps in Ethiopia with a particular focus on projects related to agriculture, climate action and environmental sustainability. Additionally, the operation will also support projects promoting gender equality and women economic empowerment in line with the 2X challenge criteria.

The aim is to enhance access to finance to the target beneficiaries.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Milestone
Approved
15 May 2025
Related documents
20/05/2025 - Environmental and Social Data Sheet (ESDS) - GREEN AFRICAN AGRI VALUE CHAIN - ZEMEN BANK
Related projects
Parent project
GREEN AFRICAN AGRICULTURE VALUE CHAIN GA
Link to source
Summary sheet
GREEN AFRICAN AGRI VALUE CHAIN - ZEMEN BANK

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) - GREEN AFRICAN AGRI VALUE CHAIN - ZEMEN BANK
Publication Date
20 May 2025
Document language
English
Main Topic
Lending
Document Number
241049309
Document Focus
Environmental Information
Document Type
Environmental and Social Data Sheet (ESDS)
Project Number
20230690
Sector(s)
Credit lines
Regions
Africa, Caribbean, Pacific countries + OCT
Countries
Ethiopia
Publicly available
Download now
or Link to source
Link to source
Related public register
20/05/2025 - Environmental and Social Data Sheet (ESDS) - GREEN AFRICAN AGRI VALUE CHAIN - ZEMEN BANK
Other links
Summary sheet
GREEN AFRICAN AGRI VALUE CHAIN - ZEMEN BANK
Parent project
GREEN AFRICAN AGRICULTURE VALUE CHAIN GA

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.

Media enquiries

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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