Democratic Republic of the Congo - Rawbank

Project Summary

Approval Date 07 Mar 2018
Signature Date 14 Dec 2018
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 21,683,925.86
Status Implementation

Project General Description

The project concerns a line of credit (LOC) of USD 15 million for a 7-year period (including a 2-year grace period) to Rawbank to finance businesses and small- and medium-sized enterprises (SMEs) operating in sectors in line with the Bank’s strategic directions such as infrastructure, transport, hotels, services, distribution and commerce. Rawbank is a banking establishment created in 2002 and owned by the Rawji family (established in Congo since 1922) through RawHolding, the group’s holding based on Mauritius Island. This project will be implemented in partnership with BADEA which, for its part, will extend an LOC with the same characteristics as the one offered by AfDB. It will be negotiated with Rawbank that a minimum percentage of 30% of the LOC be allocated to SME financing (this minimum amount of USD 4.5 million will be under the Africa SME Programme). The project should provide Rawbank with an opportunity to benefit from a technical assistance grant (in the amount of 200 000 to 300 000 USD) to provide support to local SMEs (out of which 50% women) through training, information and coaching. This programme is a continuation of the different Rawbank initiatives such as the Business Edge modules and the SME Tool Kit portal intended for SME training as well as the “Lady’s First” programme exclusively dedicated to women entrepreneurs, which provided to about 3000 women with financial services and trained 600 of them.

Project Objectives

The LOC resources will be allocated as a priority to Rawbank to help it address its steadily rising medium- and long-term resource requirements. Through this LOC, Rawbank aims to improve its long-term liquidity, diversify its funding base, consolidate its balance sheet and support the growth of its activity portfolio.


The financing will provide Rawbank with the necessary resources to support the expansion of businesses, especially SMEs (which will receive at least 30% of the Bank’s proposed financing) operating in key sectors such as iii infrastructure, industry, hotels, services, distribution and commerce, thereby creating wealth and jobs for the DRC economy. The transaction should create at least 870 jobs.

Participating Organization

African Development Bank


IATI identifier 46002-P-CD-HAB-005
Last Update 24 Sep 2022


Contact Details


Geographic Location

Country Congo, the Democratic Republic of the
Coordinates Location Name
-4.375 15.97 Kinshasa City