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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).

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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.
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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.

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 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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