Source: European Investment Bank (EIB) |

European Investment Bank confirms new EUR 24 million backing for private sector investment in Rwanda

A total of EUR 87 million has been provided for the financing of small, medium and micro-enterprises across the country

New investment and job creation by companies across Rwanda will benefit from EUR 24 million of new financing provided by the European Investment Bank in cooperation with local banks. Details of the two new financing programmes, a EUR 14 million credit line with the Development Bank of Rwanda and a…

Source: European Investment Bank (EIB) |

European Investment Bank backs Rwanda’s first public sewerage network

The 25-year European Investment Bank loan will finance the EUR 96 million sewage and wastewater project alongside the Government of Rwanda and African Development Bank

Thousands of people living in the Rwandan capital Kigali will benefit from the country’s first wastewater treatment plant and public sewerage network supported by the largest ever European Investment Bank loan in the country. At a ceremony at the Ministry of Finance in Kigali today (February 20, 2018) the long-term…

Source: European Investment Bank (EIB) |

European Investment Bank to announce EUR 45 million for Rwanda's first wastewater treatment plant and public sewerage network

The 25-year European Investment Bank loan will finance the EUR 45 million sewage and wastewater project alongside the Government of Rwanda and African Development Bank

Thousands of people living in the Rwandan capital Kigali will benefit from the country’s first wastewater treatment plant and public sewerage network supported by the largest ever European Investment Bank loan in the country. At a ceremony at the Ministry of Finance in Kigali on Tuesday 20th the long-term lending…

Source: European Investment Bank (EIB) |

European Investment Bank to announce EUR 69 million new investment in Rwanda

New credit lines to support investment by entrepreneurs and small business across the country will also be unveiled

During a high-level visit to Kigali later this week the European Investment Bank is expected to confirm EUR 69 million of new infrastructure and private sector investment in Rwanda. This will include announcement of the EIB’s first public sector investment in the country to support construction of the first public…

Source: European Investment Bank (EIB) |

Kenya: The European Investment Bank (EIB) extends a USD 40 Million financing facility to I&M Bank Ltd

Under this credit line, I&M Bank Ltd will advance loans in US Dollars to eligible borrowers up to a maximum of 50% (fifty per cent) of the total cost of each of the projects

The European Investment Bank (EIB) today agreed a new US $ 40 million financing facility with I&M Bank Ltd that will support investment by businesses across Kenya. Backed by the new EIB facility I&M Bank’s SME, Corporate, and Institutional customers around the country will benefit from cheaper loans. The new…

Source: European Investment Bank (EIB) |

The European Investment Bank and Banque Misr provide EUR 250 million to finance small and medium-sized enterprises in Egypt

The finance, which will improve SMEs’ access to finance, is in line with the priorities of the Egyptian Government and the EU’s cooperation with Egypt

The European Investment Bank (EIB) signed a financing agreement of EUR 250 million with Banque Misr to finance investments by small and medium-sized enterprises (SMEs) and midcaps in the manufacturing and services sectors to improve their competitiveness in Egypt. The financing agreement is expected to sustain thousands of jobs in Egyptian…

Source: European Investment Bank (EIB) |

European Union Bank grants its first loan to African Export Import Bank of EUR 100m to support trade, ahead of AU-EU Summit in Abidjan

The seven-year loan will finance trade-related investments and projects in Sub-Saharan Africa

Today (November 29, 2017), in the Côte d’Ivoire capital, ahead of the African Union-European Union Summit, the European Investment bank (EIB) signed its first, landmark agreement with the African Export Import Bank (Afreximbank). The agreement involves a finance facility for EUR 100m from the EIB. The seven-year loan will finance…

Source: European Investment Bank (EIB) |

EIB broadens support for water infrastructure in Zambia

The European Investment Bank (EIB) has signed a EUR 102.5 million (ZMK 11,5 billion) concessional loan with the Zambian Ministry of Finance and the Lusaka Water & Sewerage Company (LWSC) in support of local sanitation infrastructure in the Zambian capital

The Lusaka Sanitation Programme is part of the urgently needed reinforcement and expansion of the wastewater infrastructure in Zambia's fast growing capital Lusaka. While water supply has improved significantly in recent years, a lot remains to be done in terms of sanitation. The project is one of the few internationally…

Source: European Investment Bank (EIB) |

Ethiopian companies to benefit from European Investment Bank backing for USD 100m private equity

The expected first ever support for private equity investment in Ethiopia was announced in June this year during a visit to Addis by Pim van Ballekom, EIB Vice President responsible for operations in East Africa

The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund. The EIB’s USD 10 million participation represents the first backing for an Ethiopia focused fund and one of the first engagements with a single country private equity…

Source: European Investment Bank (EIB) |

EIB conference in Egypt calls for private sector to lead new push for investments in the Mediterranean region

The EU bank provided finance of EUR 1070.6 million in 2016 to support private sector development in the southern Mediterranean region

The drive for jobs and growth in the Mediterranean region should be led by the private sector. This was the call today, as the European Investment Bank (EIB) held an international conference in Cairo dedicated to “Boosting investments in the Mediterranean region”, in partnership with the Ministry of International Cooperation…