BOP BCB (IFC-48486)

  • Africa
Geographic location where the impacts of the investment may be experienced.
  • Burundi
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 12, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Banque de Credit de Bujumbura
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
  • Construction
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 30, 2023

Disclosed by Bank Oct 24, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the IFC, the proposed Project consists of a USD senior loan of up US$2­0 million comprising of an IFC A loan of up to US$10 million and up to US$10 million in mobilized funding to Banque de Credit de Bujumbura S.M. (BCB). The project will be processed under the Base o­f the Pyramid program and will be supported by IDA Private Sector Window Blended Finance Facility. IFC’s investment will help the Bank scale up lending to micro, small and medium enterprises in Burundi, in the context of FX scarcity in the country. The proposed investment will be accompanied by a US$5 million trade finance facility under IFC’s Global Trade Finance Program to support international trade financing for local exporters/importers.

 BCB is headquartered in Bujumbura, Burundi. The Project will support the Bank’s lending operations throughout Burundi.                                                                                              

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The IFC categorized the project as FI-2.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, Banque de Credit de Bujumbura S.M. is the third largest bank in Burundi and has a strong footprint in the country, with total assets of US$333 million as of June 30, 2023, and 25 branches. BCB was established in 1964 and emanates from the “Banque du Congo” which had set up its subsidiary in Bujumbura in 1922. BCB has been a member of the BOA network since 2008. BCB's capital is 45% held by local holdings and 55% by international partners. The shareholders of BCB as of June 30, 2023, were Bank of Africa (24.2%), BIO - Belgian Investment Company for Developing Countries (20.7%), FAJAC (10%), SOCABU - Société d'Assurance du Burundi (21.7%), Republic of Burundi (11.9%), OTB- Burundi Tea Office (9.1%), and general public (2.3%).

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Financial Intermediary - Banque de Credit de Bujumbura:

Aline Hategekimana - Corporate Relationship Manager
Phone: +257 22 20 10 24
Address: 5, Boulevard Patrice E. Lumumba, B.P: 300, Bujumbura - Burundi


You can submit a request for information disclosure at:

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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