Release date: 23 December 2019
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),EASTERN AND SOUTHERN AFRICAN TRADE AND DEVELOPMENT BANKLocation
Description
The project concerns a loan up to USD 120m for part-financing eligible projects, including at least 25% climate action projects. Projects need to be undertaken by private sector entities or commercially run public enterprises across the Member States of the African Trade and Development Bank (TDB), a regional African Development Finance Institution. These eligible investments would be financed directly by TDB or, in the case of loans to small small and medium-sized enterprises (SMEs), through financial institutions with which the EIB does not maintain a relationships.
Objectives
The project will help the financing of projects mainly carried out by SMEs, as well as renewable energy and energy efficiency projects. This operation contributes to climate action and economic growth and development by supporting entrepreneurs and job creation.
Sector(s)
- Credit lines - Credit lines
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
USD 120 million (EUR 109 million)
Total cost (Approximate amount)
not applicable
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
Signed - 6/12/2019
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).