PROJECT

Projects

Summary of Investment Information

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 - Limited

Status

Pending Disbursement

Last Updated Date

Feb 13, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation