Active Mixed AidData Chinese Aid

China Development Bank provides $100 million loan to United Bank of Africa for on-lending to small and medium enterprises in 19 African countries

$100M USD

Funder	China Development Bank (CDB)
Recipient Organization	United Bank for Africa Plc (UBA)
Country	Africa, regional
Start Date	Feb 27, 2018
End Date	Mar 04, 2026
Duration	2,927 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60928`

Grant Description

China Development Bank provides $100 million loan to United Bank of Africa for on-lending to small and medium enterprises in 19 African countries On February 27, 2018, the China Development Bank signed a seven-year, $100 million loan agreement with United Bank for Africa (UBA) for on-lending purposes to finance the development of small and medium enterprises (SMEs) across the 20 African countries where UBA currently operates.

UBA has a large footprint across the globe operating in 20 African countries: Republique du Benin, Burkina Faso, Cameroun, Congo Brazzaville, Congo DRC, Cote d'lvoire, Gabon, Ghana, Guinea, Kenya, Liberia, Mali, Mozambique, Nigeria, Senegal, Sierra Leone, Tanzania, Tchad, Uganda and Zambia.

📋 Staff Comments

1. United Bank for Africa Plc (UBA) is a Nigerian pan-African financial services group.

📚 Sources & References

China Development Bank
UBA strike $100m loan deal to lift SMEs in Africa
UBA
Chinese bank seal $100m deal to boost African SMEs Read more at: https://www.vanguardngr.com/2018/03/uba-chinese-bank-seal-100m-deal-boost-african-smes/
UBA seals $100m loan deal with China Development Bank
UBA
China Development Bank, sign $100 million deal to support African SMEs
Why UBA Sealed 7 Year $100m Financing Deal With China Development Bank Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.