Overview

China Construction Bank participates in $200 million syndicated commodity and working capital loan to Mohammed Enterprises Tanzania Limited (MeTL Group)

Commitments (Constant USD, 2023)$41,022,127

Commitment Year•2014Country of Activity•TanzaniaDirect Recipient Country of Incorporation•TanzaniaSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 1, 2014

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

China Construction Bank Corporation (CCB)

Cofinancing agencies

Private Sector

Citibank, N.A.
Coöperatieve Rabobank U.A. (Rabobank)
Nedbank Ltd
Rand Merchant Bank (RMB)

Receiving agencies

Private Sector

Mohammed Enterprises Tanzania Limited

Implementing agencies

Private Sector

Mohammed Enterprises Tanzania Limited

Loan description

China Construction Bank contributes to USD 200 million syndicated commodity and working capital loan to Mohammed Enterprises Tanzania Limited (MeTL Group)

Interest type•Unknown

Narrative

Full Description

Project narrative

In August 2014, Mohammed Enterprises Tanzania Limited (MeTL Group) -- one of Tanzania’s largest diversified conglomerates -- signed a $200 million syndicated commodity and working capital loan agreement with a group of lenders. Members of the syndicate included Rand Merchant Bank (RMB), Citi Bank, Rabo Bank and Nedbank. The borrowing terms of the loan are unknown.

Staff comments

1. The precise financial contribution of China Construction Bank is unknown. For the time being, AidData assumes equal contributions ($40 million) across the five known members of the syndicate. This issue warrants further investigation.