Release date: 9 August 2011
Promoter – Financial Intermediary
A number of commercial banks operating in Kenya
Location
Description
A line of credit providing long-term funds in KES, EUR and USD to selected intermediary banks in Kenya for the financing of investment projects undertaken by small and medium sized enterprises.
Objectives
Improve access and terms of financing to facilitate private sector investment in projects that stimulate economic growth.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 20 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Financial intermediaries will ensure that environmental impacts of projects to be financed by PEFF II Kenya will be identified and mitigated by the promoters in accordance with international and/or local standards, as applicable.
Procurement
Intermediaries will ensure goods and works financed will be procured on a competitive basis, taking into account the nature and size of projects concerned.
Status
Signed - 16/12/2011
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).