Date de publication: 16 mai 2022
Promoteur – Intermédiaire Financier
FIRST CAPITAL BANK ZAMBIA LTDLieu
Description
Risk-sharing facility supported by a grant from the European Commission to provide guarantees to First Capital Bank Zambia financing agri-food value chain investments in Zambia.
Additionality and Impact
The risk-sharing facility (RSF) complementing the loan facility offered to the financial intermediary First Capital Bank Limited Zambia (FCB) is intended to benefit private sector entities operating in the agri-food sector in Zambia. This RSF will increase FCB's ability to extend financing offering to more risky or smaller entities. Thereby, this facility will strengthen its outreach to agri-food enterprises and support integration of smallholder farmers into commercial value chains. It will enable FCB in providing loans with more attractive conditions. The RSF will incentivize FCB to increase the access to finance and crowd in other investors. The technical assistance available will contribute to capacity building in areas like environmental and social standards. The proposed investment is aligned with one of the main priorities set under the EU Agenda for change (the basis for EU's development policy), namely inclusive and sustainable growth for human development. Fostering private sector development, including SMEs, is specifically mentioned as an enabler. Zambia is considered a country with a significant gap in sustainable development necessary to improve employment outcomes and overall economic growth. The proposed investment is expected to contribute toward a number of Sustainable Development Goals (SDGs), most notably SDG8 "Decent work and economic growth".
Objectifs
This project will increase financing of agriculture value chain projects carried out by private sector enterprises through providing a risk-sharing facility to First Capital Bank Ltd.
Secteur(s)
- Lignes de crédit - Lignes de crédit
Montant BEI envisagé (montant approximatif)
EUR 3 million
Coût total (montant approximatif)
EUR 20 million
Aspects environnementaux
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Passation des marchés
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Statut
Signé - 9/06/2023
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).