PROJECT

Projects

Summary of Investment Information

Project Number

49211

Company Name

First Capital Bank Mozambique

Date SPI Disclosed

May 15, 2024

Country

Mozambique

Region

Africa

Projected Board Date

May 3, 2024

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 : Nov 1, 2023

Sector

Commercial Banking - Trade

Project Description

The proposed project is an up to US$10 million trade finance guarantee facility to First Capital Bank Mozambique (FCBM, or the Bank) to support the growth of its international trade business (the Project).

The Project is processed under IFC’s Global Trade Finance Program (GTFP) with the support of the Africa Trade Recovery Initiative (ATRI). GTFP offers confirming banks partial or full guarantees covering payment risk on banks in emerging markets for trade related transaction.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation