Project ID: 31091

China Eximbank provides RMB 308 million loan for Enterprise Messaging and Collaboration System (EMACS) Project

Commitment amount

$ 50884660.93

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Kenya

Sector

Government and civil society (Code: 150)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2011

2013-12-31

Planned completion

Description

In 2011, China Eximbank and the Government of Kenya signed an RMB 308,000,000 loan agreement for the Enterprise Messaging and Collaboration System (EMACS) Project. The loan was provided on the following terms: 2% interest rate, 7 year grace period, 20 year maturity. It was scheduled for semi-annual repayment installments beginning on March 21, 2018, and ending on September 21, 2030. The purpose of this project was to install an Enterprise Messaging and Collaboration System (EMACS). The project entered implementation on October 1, 2011, and it was scheduled for completion on December 31, 2013. ZTE was the contractor. The loan was finalized after Chinese Communist Party official Wan Qishan signed an agreement on March 18, 2011, with a Kenyan government counterpart on an enterprise messaging and collaboration system (EMACS) that would aim to set up an e-government platform -- called the Government Shared Service Application (GSSA) -- to improve inter-office collaboration and thereby reduce government operation costs.

Number of official sources

3

Number of unofficial sources

2

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Kenya [Government Agency]

Implementing agencies [Type]

ZTE Corporation [State-owned Company]

Loan type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

7 years

Grant element

56.00770973%

Gurarantee provided

No

Insurance provided

No