📋 Tender Overview
Reference: 20230690
Release date: 25 February 2025
Promoter – Financial Intermediary
ZEMEN BANK SC
Location
Ethiopia
Description
The operation consists in an intermediated loan to Zemen Bank to on-lend to exporting small and medium-sized enterprises (SMEs) and mid-caps in Ethiopia with a particular focus on projects related to agriculture, climate action and environmental sustainability. Additionally, the operation will also support projects promoting gender equality and women economic empowerment in line with the 2X challenge criteria.
Objectives
The aim is to enhance access to finance to the target beneficiaries.
Sector(s)
Credit lines - Credit lines
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
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
Under appraisal
