Zambia - Development Bank of Zambia

Project Summary

Approval Date 21 Sep 2016
Signature Date 19 May 2017
Planned Completion Date 18 Sep 2024
Last Disbursement Planned Date 20 May 2018
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 30,159,356.19
Status Cancelled

Project General Description

The present project consists of a government-guaranteed line of credit (LOC) of the equivalent of USD 50 million with a maturity of 10 years (including a 3-year grace period) provide to the Development Bank of Zambia. The LOC will be disbursed in USD and Zambian kwacha (ZMW) in shares to be determined. The disbursement will occur in two tranches. The LOC will be used to finance DBZ’s multi-sector pipeline and is expected to be fully on-lent to Zambian small and medium-sized enterprises (SMEs). The main development outcomes are expected to arise from (i) private sector development through alleviation of financing constraints for SMEs and financial sector development, (ii) household benefits and job creation and (iii) gender and social effects through support to the underserved communities. The project’s contribution to inclusive growth is assessed to be high given the SME focus of the LOC.

Project Objectives

The overarching objective of this project is to stimulate economic growth in Zambia by facilitating access to credit to SMEs in order to enable them to grow and enhance their productive capacity. To achieve this objective, it is proposed to extend a line of credit to the DBZ, a development finance institution with strong links to the Government of Zambia’s strategic plans.


The beneficiaries of the proposed financing will be SMEs operating across key segments of the economy including transport, agriculture, agro-processing, construction, manufacturing, tourism and hospitality. In turn, this is expected to stimulate job creation and boost government revenues.

Participating Organization

Development Bank of Zambia Development House
African Development Bank


IATI identifier 46002-P-ZM-HAA-001
Last Update 22 Mar 2023


Contact Details

Name Jonathan Richard Kamkosi BANDA

Geographic Location

Country Zambia
Coordinates Location Name
-14.33333 28.5 Zambia