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    Signature(s)

    Amount
    € 175,000,000
    Sector(s)
    Credit lines : € 175,000,000
    Signature date(s)
    23/11/2021 : € 15,000,000
    22/10/2021 : € 15,000,000
    17/11/2021 : € 15,000,000
    24/11/2021 : € 40,000,000
    22/10/2021 : € 40,000,000
    17/11/2021 : € 50,000,000

    Summary sheet

    Release date
    11 June 2020
    Status
    Reference
    Signed | 22/10/2021
    20200519
    Project name
    Promoter - financial intermediary
    EAST AFRICA COVID-19 RAPID RESPONSE FACILITY
    ACCEPTABLE BANK(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 175 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The East Africa COVID-19 Rapid Response Facility (RRF) is a credit facility dedicated to address the adverse consequences of the COVID-19 pandemic on the private sector, in particular SMEs. The main objective is to support on-lending by financial intermediaries to private sector projects in the East Africa region.

    Financing projects carried out by private sector companies, in particular SMEs.

    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.

    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).

    News & Stories

    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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    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.

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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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