EADB Receives EUR25 Million for SME Financing

Regional Development Finance Institution, East African Development Bank (EADB),has landed a EUR 25 million line of credit deal with the European Investment Bank (EIB).

Granted under the Cotonou Investment Facility Resources Protocol, the line of credit will be used to part-finance projects implemented by private sector enterprises, and/or commercially run public-owned entities in the sectors of agriculture, agro-processing, fishing, manufacturing, construction, tourism and transport sectors, or education and healthcare services located in Kenya, Uganda, Tanzania and Rwanda.

Photo:EADB Director General, Ms. Vivienne Yeda (left) and EIB Vice President, Mr. Pim van Ballekom, sign an agreement for a EUR 25 million line of credit.

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