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Summary sheet

Release date
4 December 2025
Status
Reference
Under appraisal | 24/10/2025
20250440
Project name
Promoter - financial intermediary
SSA-BASED MANUFACTURING OF BEDNETS (HDX)
PROTEQ HEALTH SARL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 40 million
Location
Sector(s)
Description
Objectives

The project entails local manufacturing of Insecticide-Treated Nets (ITNs) in Nigeria. It will leverage a novel proprietary automation technology for manufacturing of ITNs being developed in Europe and a strategic partnership with a leading European chemical manufacturing company to reduce costs, enabling cost-competitive Africa-based production and ITNs affordability, accessibility and supply security for effective malaria control in Africa.

The aim is to support local ITN manufacturing in Africa using a novel and proprietary European manufacturing automation technology. This technology reduces labour-intensive portions of the ITN production process, reducing costs and improving affordability and accessibility of ITNs for malaria control in Africa.

Environmental aspects
Procurement

The EIB will require that the Project is in line with the relevant environmental legislation and that the project will be implemented in accordance with the EIB's Environmental and Social principles and standards. The Project is expected to require an Environmental and Social Impact Assessment, which will be further assessed during appraisal.

The promoter shall ensure that implementation of the Project will be done in accordance with the EIB's Guide to Procurement. Information on awarded main suppliers/contractors for the implementation of the envisaged operation is not available.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Milestone
Under appraisal
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).

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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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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