📋 Tender Overview
Project Number
49229
Company Name
BANK OF AFRICA TANZANIA LTD
Date SPI Disclosed
Feb 12, 2025
Country
Tanzania
Region
Africa
Projected Board Date
Jun 28, 2024
Environmental Category
FI-2
Status
Pending Disbursement
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Financial Institutions
Previous Events
Approved : Jun 28, 2024
Signed: Jun 28, 2024
Sector
Commercial Banking - SME Finance
Project Description
The proposed project comprises of an up to US$10 million USD senior loan to Bank of Africa Tanzania Limited ( BOA Tanzania or the Bank for IFC’s own account. The facility will support the Bank in scaling up its lending to micro, small, and medium enterprises ( MSMEs ) and also improve its balance sheet structure by extending its average borrowing tenor to meet its longer term funding needs.
