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Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Zambia : € 20,000,000
Credit lines : € 20,000,000
Signature date(s)
26/11/2008 : € 20,000,000
Link to source

Summary sheet

Release date
15 May 2007
Status
Reference
Signed | 26/11/2008
20040460
Project name
Promoter - financial intermediary
Capital Investment Line III
African Banking Corporation Zambia Limited
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million.
Not applicable.
Location
Sector(s)
Description
Objectives

A credit line to selected commercial banks and leasing companies for medium-term on-lending / leasing to a wide range of small and medium sized enterprises in Zambia.

To promote the private sector in all sectors eligible under the Cotonou Agreement.

Environmental aspects
Procurement

All beneficiaries to satisfy EIB environmental requirements. Environmental summary fiches to be supplied for all allocations.

Standard EIB procurement procedures for credit lines will be applied.

Comments

The private sector, in particular industry; agro-industry; commercial agriculture, tourism, mining, energy, water and sewerage, transport and telecommunications, services linked to these sectors.

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).

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Alternatively, the EIB can be contacted through its external offices.
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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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