Release date: 5 October 2017
Promoter – Financial Intermediary
PRIVATE ENTITY(IES), PUBLIC ENTITY(IES)Location
Description
Financing of smaller scale projects carried out by various counterparts, including financial institutions, banks, corporates (including small and medium-sized enterprises), public entities, sovereigns and special purpose vehicles. The operations will be financed either directly or indirectly through debt, guarantees, quasi-equity or equity participations / private equity funds, under the Cotonou Investment Facility resources and own resources.
Objectives
The project will be in accordance with the objectives set out for the Cotonou Agreement, to help reduce poverty in sub-Saharan Africa, the Caribbean and the Pacific and the Overseas Countries and Territories (ACP/OCT), by contributing to sustained economic growth, with a particular focus on the private sector. The project will enable the Bank to support smaller ACP/OCT economies, that normally generate smaller financing opportunities, and to facilitate access to long-term financing across a wide range of sectors.
Sector(s)
- Credit lines - Credit lines
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 145 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 27/02/2018
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).