Regional Infrastructure Finance Facility (RIFF) Project

Abstract*

The objective of the Eastern and Southern African Trade and Development Bank, and Common Market - Regional Infrastructure Finance Facility Project for Eastern and Southern Africa is to expand long-term finance to private firms in selected infrastructure sectors in Eastern and Southern Africa. The Project has three components. 1. Project and Infrastructure Finance Facility component will provide long-term finance to project finance and infrastructure... Show More

Development Objective

The Project Development Objective is to expand long-term finance to private firms in selected infrastructure sectors in Eastern and Southern Africa

Key Details

Project Details

Project ID
P171967
Status
Active
Team Leader
Marlon Rawlins , Ahmed Rostom, Patrick Balla
Borrower 2
Eastern and Southern African Trade and Development Bank (TDB),Common Market for Eastern and Southern Africa (COMESA)

Country
Eastern and Southern Africa
Disclosure Date
December 8, 2019
Approval Date
(as of board presentation)
June 30, 2020
Effective Date
October 5, 2020

Total Project Cost 1
US$ 425.00 million
Implementing Agency
Trade and Development Fund,Common Market for Eastern and Southern Africa (COMESA) Secretariat,Eastern and Southern African Trade and Development Bank (TDB)
Region
Eastern and Southern Africa
Fiscal Year 3
2020

Commitment Amount
US$ 425.00 million
Environmental Category
N/A
Environmental and Social Risk
High
Closing Date
September 26, 2026

Consultant Services required
No
Last Stage Reached
BANK APPROVED
Last Update Date
April 2, 2024

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change54%
- FY17 - Mitigation54%
FY17 - Energy100%
- FY17 - Access to Energy100%

FY17 - Finance

FY17 - Finance for Development82%
- FY17 - Infrastructure Finance82%
FY17 - Financial Infrastructure and Access100%
- FY17 - MSME Finance100%

FY17 - Human Development and Gender

FY17 - Disease Control18%
- FY17 - Pandemic Response18%
FY17 - Gender82%

FY17 - Private Sector Development

FY17 - Business Enabling Environment24%
- FY17 - Investment and Business Climate24%
FY17 - Jobs100%
- FY17 - Job Creation100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Grant	10.00
IDA Credit	415.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	425.00
IBRD + IDA Commitment	425.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	425.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jan 15, 2022	IDA-67120	Int Charges	156,768.00
Apr 6, 2023	IDA-67120	Loan Disb	50,000,000.00
Jan 15, 2023	IDA-67120	Int Charges	471,897.00
Jan 15, 2023	IDA-67120	Int Charges	536,930.40
Jul 15, 2023	IDA-67120	Int Charges	429,956.40
Jul 15, 2023	IDA-67120	Int Charges	1,652,525.10
Jul 15, 2021	IDA-67120	Int Charges	482,804.94
Jul 15, 2021	IDA-67120	Int Charges	60,684.00
Mar 29, 2021	IDA-67120	Loan Disb	15,560,000.00
Nov 24, 2020	IDA-67120	Fee Charges	1,000,000.00
Jan 15, 2021	IDA-67120	Int Charges	284,257.80
Jun 22, 2021	IDA-67120	Loan Disb	10,000,000.00
Jun 30, 2020	IDA-67110	Loan Commitment	15,000,000.00
Jun 30, 2020	IDA-67120	Loan Commitment	400,000,000.00
Jun 30, 2020	IDA-D6780	Loan Commitment	10,000,000.00
Feb 12, 2021	IDA-D6780	Loan Disb	635,490.00
Jul 15, 2021	IDA-67110	Int Charges	1,362.95
Jul 15, 2021	IDA-67110	Int Charges	10,666.50
Jul 15, 2021	IDA-67110	Int Charges	10,666.50
Jul 15, 2021	IDA-67110	Int Charges	1,362.95
Dec 22, 2020	IDA-67110	Loan Disb	1,641,000.00
Jul 20, 2022	IDA-67110	Int Charges	10,666.50
Jul 20, 2022	IDA-67110	Int Charges	10,666.50
Jan 15, 2022	IDA-67110	Int Charges	10,666.50
Jan 15, 2022	IDA-67110	Int Charges	10,666.50
Jan 15, 2023	IDA-67110	Int Charges	10,665.50
Jan 15, 2023	IDA-67110	Int Charges	10,665.50
Jun 20, 2023	IDA-67110	Loan Disb	3,624,846.00
Jul 15, 2023	IDA-67110	Int Charges	1.00
Jul 15, 2023	IDA-67110	Int Charges	1.00
Jul 15, 2023	IDA-67110	Int Charges	10,666.50
Jul 15, 2023	IDA-67110	Int Charges	10,666.50
Jan 15, 2024	IDA-67110	Int Charges	3,272.43
Jan 15, 2024	IDA-67110	Int Charges	3,272.43
Jan 15, 2024	IDA-67110	Int Charges	34,228.02
Jan 15, 2024	IDA-67110	Int Charges	34,228.02
Jul 15, 2024	IDA-67110	Int Charges	34,228.02
Jul 15, 2024	IDA-67110	Int Charges	34,228.02
Mar 1, 2022	IDA-D6780	Loan Disb	919,681.10
Oct 13, 2022	IDA-D6780	Loan Disb	1,506,765.90
Sep 28, 2023	IDA-D6780	Loan Disb	643,790.00
Mar 7, 2024	IDA-D6780	Loan Disb	1,891,120.40
Jul 15, 2024	IDA-67120	Int Charges	403,333.88
Jul 15, 2024	IDA-67120	Int Charges	2,607,597.80
Jan 15, 2024	IDA-67120	Int Charges	408,798.28
Jan 15, 2024	IDA-67120	Int Charges	2,628,661.50
Jul 15, 2024	IDA-67120	Int Charges	16,173.66
Jul 20, 2022	IDA-67120	Int Charges	464,203.03
Jul 20, 2022	IDA-67120	Int Charges	186,339.50
Jan 15, 2022	IDA-67120	Int Charges	1,575.34
Jan 15, 2022	IDA-67120	Int Charges	6,730.22
Jan 15, 2022	IDA-67120	Int Charges	471,897.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Unsatisfactory	2025-03-21
Procurement	Satisfactory	2025-03-21
Project Management	Satisfactory	2025-03-21
Financial Management	Satisfactory	2025-03-21
Overall Implementation Progress (IP)	Moderately Satisfactory	2025-03-21
Monitoring and Evaluation	Satisfactory	2025-03-21

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Private finance mobilized Value 0.00 178734007.00 975000000.00
Date January 17, 2020 September 29, 2023 September 30, 2025
Comment
Number of private firms financed across Eastern and Southern Africa Value 0.00 4.00 30.00
Date January 17, 2020 November 30, 2023 September 30, 2025
Comment
SMEs across Eastern and Southern Africa countries Value 0.00 4.00 20.00
Date January 17, 2020 November 30, 2023 September 30, 2025
Comment
Average maturity of TDB's Project and Infrastructure Finance Portfolio Value 7.00 8.00 11.00
Date January 17, 2020 May 31, 2023 September 30, 2025
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Jobs created and preserved Value 0.00 5921.00 20000.00
Date January 17, 2020 November 30, 2023 September 30, 2025
Comment
Number of staff trained in COMESA Secretariat, member countries and market participants on off-grid, PPP and E&S Value 0.00 280.00 500.00
Date January 17, 2020 November 30, 2023 September 30, 2025
Comment
Generation capacity of energy constructed or rehabilitated Value 0.00 0.00 200.00
Date January 17, 2020 November 30, 2023 September 30, 2025
Comment
Number of COMESA policies and guidelines including guidance on the off-grid energy sector Value 0.00 2.00 5.00
Date April 21, 2020 November 30, 2023 September 30, 2025
Comment
People provided with new or improved electricity service Value 0.00 593207.00 1500000.00
Date March 26, 2020 November 30, 2023 June 26, 2025
Comment
Citizens reached through the consumer education and citizen engagement program satisfied with the program Value 0.00 0.00 75.00
Date April 15, 2021 November 30, 2023 September 30, 2025
Comment
of which women Value 0.00 296603.00 750000.00
Date April 21, 2020 November 30, 2023 June 26, 2025
Comment
Number of banks providing local currency facilities to support capital investments in RIFF sub-projects Value 0.00 8.00 5.00
Date March 20, 2020 November 30, 2023 September 30, 2025
Comment
Common duties and tariffs for off-grid solar products in place Value No No Yes
Date April 21, 2020 November 30, 2023 September 30, 2025
Comment
Households provided with access to electricity through off-grid energy solutions Value 0.00 118582.00 375000.00
Date April 21, 2020 November 30, 2023 June 26, 2025
Comment
Regional Quality Assurance Standards for off-grid energy products Value 0.00 0.00 5.00
Date April 30, 2020 November 30, 2023 September 25, 2025
Comment
of which female-headed Value 0.00 0.00 75000.00
Date April 21, 2020 November 30, 2023 June 26, 2025
Comment
Commercial financial institutions engaged in financing of off-grid energy companies Value 0.00 10.00 10.00
Date April 21, 2020 November 30, 2023 September 30, 2025
Comment

Private finance mobilized	Value	0.00	178734007.00	975000000.00
	Date	January 17, 2020	September 29, 2023	September 30, 2025
	Comment

Average maturity of TDB's Project and Infrastructure Finance Portfolio	Value	7.00	8.00	11.00
	Date	January 17, 2020	May 31, 2023	September 30, 2025
	Comment

Jobs created and preserved	Value	0.00	5921.00	20000.00
	Date	January 17, 2020	November 30, 2023	September 30, 2025
	Comment

of which women	Value	0.00	296603.00	750000.00
	Date	April 21, 2020	November 30, 2023	June 26, 2025
	Comment

of which female-headed	Value	0.00	0.00	75000.00
	Date	April 21, 2020	November 30, 2023	June 26, 2025
	Comment

Regional Infrastructure Finance Facility (RIFF) Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS