Release date: 14 July 2023
Promoter – Financial Intermediary
ZAMBIA INDUSTRIAL COMMERCIAL BANK LTDLocation
Description
The project consists in a credit line with Zambia Industrial Commercial Bank (ZICB) to provide loans for eligible small and medium-sized enterprises (SMEs) and mid-caps active in the agriculture value chains.
Objectives
The aim is to enhance access to finance for the eligible target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 15 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
Approved - 17/01/2024
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).