|Approval Date||12 Dec 2012|
|Signature Date||01 Oct 2015|
|Sovereign / Non-Sovereign||Non Sovereign|
|DAC Sector Code||24030|
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.
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.
The direct beneficiary of the project is FirstRand Bank.
African Development Bank
|Last Update||14 Jun 2021|
|Country||Tanzania, United Republic of|