PROJECT

Projects

Summary of Investment Information

Project Number

44461

Company Name

EAST AFRICA BANK SA

Date SPI Disclosed

May 9, 2021

Country

Djibouti

Region

Africa

Projected Board Date

Apr 26, 2021

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Jun 15, 2020

Sector

Commercial Banking - Trade

Project Description

 The proposed project includes an investment of up to US$5 million in East Africa Bank (“EAB” or the “Bank”) in the form of a trade finance guarantee facility for transactions with tenor up to six months. 

Associated Advisory Engagement

 The project will be supported by an advisory engagement which aims to assist EAB in enhancing its existing global risk management, credit management and trade operations capacities and skills. This will be conducted through a series of workshops and training sessions aiming to build internal capacities.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation