Release date: 4 August 2023
Promoter – Financial Intermediary
STANBIC BANK ZIMBABWE LTDLocation
Description
The facility provides funding to Stanbic Zimbabwe to finance limited scale projects undertaken by private sector entities, notably small and medium sized enterprises (SMEs).
Objectives
The aim is to enhance access to finance for SMEs, in particular those carrying out projects impacting positively on gender equality and women's economic empowerment, in line with the 2X Challenge Criteria
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 20 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 - 20/06/2024
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).