Tanzania - Shilling line of credit to FirstRand Bank subsidiary, First National Bank of Tanzania Limited


Project Summary

Approval Date 12 Dec 2012
Signature Date 01 Oct 2015
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 14,117,912.81
Status Implementation

Project General Description

The present intervention concerns the Shilling line of credit to FirstRand Bank subsidiary, First National Bank of Tanzania Limited. It aims to provide a medium-term, multi-currency line of credit of up to the equivalent of USD 300 million to FirstRand Bank Limited. The proceeds of the Facility will be used for funding projects in a number of sectors and across a number of African countries.

Project Objectives

The project objective is to provide a medium-term, multi-currency line of credit of up to the equivalent of USD 300 million to FirstRand Bank Limited.

Beneficiaries

The direct beneficiary of the project is FirstRand Bank.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-TZ-HAB-004
Last Update 20 Oct 2020

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Tanzania, United Republic of