|Approval Date||12 Dec 2012|
|Signature Date||26 Mar 2015|
|Sovereign / Non-Sovereign||Non Sovereign|
|DAC Sector Code||24030|
The project aims to provide a medium-term, multi-currency line of credit of up to the equivalent of USD 300 million to FirstRand Bank Limited, which is a wholly-owned subsidiary of the South Africa based FirstRand 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||05 Oct 2022|