devinitorg/iati-policy-markers huggingface dataset:
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         IFC is considering to provide an A Loan of up to EUR10 million to part-finance the investment plan of Subati Group (Subati or the Company) aimed at expanding and diversifying its high quality rose exports. Subati is undertaking a three-year Project (2016-2018) of US$19.5 million in Kenya comprised of (i) upgrade of existing 80ha rose farms; (ii) development of 15ha new rose farm; and (iii) scale up of fresh herb farm to 40ha with a cold storage facility, water treatment plant, and solar panels. Project Impacts

- Stakeholder Impact: In order to support the employees and their communities, which predominantly rely on subsistence agriculture, Subati provides housing and access roads to link its workers to the farms and cold storage facilities.

- Direct employment: Greenhouse production and subsequent preparation of flowers for export are very labor intensive operations, requiring 2,000 employees currently and increasing by about 700 as a result of the project.

- Value added, and return to the economy: Better operational efficiencies, climate smart solutions and expansion of both rose and herb farms will help the company to diversify into different crops and enhance the company's competitiveness. The expansion of sustainable flower production and the development of the new export-oriented herb sector will contribute to broader private sector competitiveness in Kenya, help to diversify the economy, and generate valuable foreign currency revenues. 

- Environmental & social impact: Given the environmental and social sensitivities related to flower production in Kenya, especially in the area of Lake Naivasha, the bar for the sustainability of any new investments is very high. IFC anticipates the project will be developed in line with best international practices, especially with regard to water management to maximize resource use efficiency. A new water treatment plant will be financed by the project at the herb farm. The project will contribute to the climate change agenda by financing solar panels and a cold storage facility for herbs, reducing GHG emissions and crop losses.

Market Impact
- The project has the potential to enable the development of herb markets in Kenya by further confirming the country's competitiveness in this space and the natural complementarities with the flower production.
DTBK Tier II The total project cost and proposed IFC investment is $50 million. IFC will provide a financial package consisting of:   - A Subordinated loan of $40 million that qualifies for Tier II capital and to be made available in two tranches; and   - A Risk Sharing Facility of US$ 10 million equivalent.( Project ID 33488).  The above facilities will be utilized to: (i) strengthen Diamond Trust Bank Kenya Limiteds (DTBK) capital base; (ii) help DTBK to expand its lending activities to the SMEs; and (ii) assist DTBK with funding to on lend to the lower end of the SME segment, thereby promoting financial inclusion to the Very Small Enterprises (VSEs), including but not limited to VSEs owned by women entrepreneurs (Project).  These two lower-ends of the SME segment are currently underserved in terms of access to finance. The Project is expected to have a high development impact in the following measurable areas: 1-Increasing credit availability to the SMEs and Very Small Enterprises (VSEs);  2-Supporting job creation through the financing SME and VSEs. The VSEs are a high impact sector, which has low access to finance. Financing this sub-segment helps create opportunities to achieving more balanced growth; 3-Increase access to finance to VSEs, including women businesses, which are currently critically underserved in terms of access to finance; 4. Capacity building to help the bank to service VSEs on a sustainable basis; and   6. Demonstration effect/market transformation through DTBK''s continued lending to the target segment beyond the life of the Project.
National Cement Company Ltd The project involves first the expansion of the Athi River grinding plant of National Cement Company Limited (NCCL), in order to have an installed nominal cement grinding capacity of 1.7 million tons per annum (Mtpa) of Portland cement. It is located at Athi River, c.40 km south of Nairobi, Kenyas capital.   Secondly, a new clinker production line will be built at Merueshi, c.160 km south of Nairobi, near the Nairobi-Mombasa highway. The nominal capacity of the kiln is expected to be 3,300 tons per day (tpd) or 1.1Mtpa, assuming a maximum 330 days of annual operation. Employment generation:  - the project will create direct and indirect employment; - the project will provide skilled and unskilled jobs during the construction phase; - the project will create temporary jobs during construction; - the project is expected to add permanent jobs at the NCCL facilities; and - the project will create a large number of indirect jobs in the transportation and delivery sectors.  Increased local supply chain and consumption of local goods and services: - the project will create new business opportunities in the local economy due to increased demand for the supply of raw materials and delivery services. In particular, it will benefit those small and medium enterprises engaged in transporting the company''s raw materials and products in their own trucks and providing maintenance and general services to the company; and - the communities close to the plant will benefit as they will provide local services and supplies to the plant and its employees.  Other benefits to local communities: - the local communities will benefit from the company''s corporate social responsibility initiatives including the development of community infrastructure and the establishment of a scholarship fund.  Environmental and social performance:  - by complying with IFC''s performance standards and the World Bank Group''s environmental, health and safety (EHS) standards, the company will achieve higher environmental and social standards, which should increase its reputation, reduce the risk of adverse impacts on local communities, and increase the credibility of the private sector with respect to corporate social responsibility.  Private sector development: - the success of the project will send a positive signal to other investors considering investments in Kenya; and - the project is expected to set environmental and social standards that can be replicated by other cement producers.
GEF PVMTI KCB - SACCO Loans The company plans to offer loans to SACCOs, which will use the funds to offer "solar loans" to their members.  The project aims to enhance significantly the rate of consumer adoption of high quality solar home systems sold with consumer finance and after sales service.     This is a project financed by the IFC/GEF Photovoltaic Market Transformation Initiative (PVMTI).  The Global Environment Facility (GEF) has provided $30 million in concessional funds to IFC to support investments in private sector projects to encourage market development for photovoltaics.  PVMTI aims to address market barriers by making available appropriate financing and stimulating business activity, accelerating PV penetration to achieve reductions in greenhouse gases. By harnessing the innovation and discipline of the private sector in designing and implementing PV projects, IFC is helping to shift the design and financing of PV market activity to a more sustainable and replicable private sector context.                                                                                    By investing PVMTI funds in the project, IFC intends to support the demonstration of a successful and replicable business model for the Kenyan PV market.
GTBK Senior Loan Guaranty Trust Bank (Kenya) Limited (GTBank Kenya or the Bank) was formed in December 2013 following the acquisition of Fina Bank Limited (Fina Bank) and its subsidiaries in Uganda and Rwanda by Guaranty Trust Bank Plc (GTBank Plc). Fina bank started its operations in Kenya in 1995, Rwanda in 2005 through acquisition of Banque Continental Africaine du Rwanda and founded Fina Bank (Uganda) Limited in 2008. The Bank positioned itself as the preferred bank for entrepreneurs of Small and Medium Enterprises (SMEs) and is presently offering banking services through a network of 14 branches across Kenya. GTBank Kenya owns 100% of Guaranty Trust Bank (Uganda) Limited and 94.36% of Guaranty Trust Bank (Rwanda) Limited.   IFC will offer GTBank Kenya a senior loan of up to US$35 million whose purpose will be to support the Banks lending program to Small and Medium Size Enterprises (SMEs), middle market companies and corporates. 1.	Increased access to finance for SMEs: by providing financing for on-lending to SMEs and medium sized corporates in the region, the project will increase their competitiveness and foster economic development.  2.	The project will enable the Bank to diversify its asset base and build a solid full service commercial bank that has sound risk management and corporate governance practices. 3. The project will allow the bank to support agribusiness, manufacturing and information, communication and technology sectors, all critical in job creation and economic development.
Bridge International Academies IFC is looking to invest $10 million in NewGlobe Schools, Inc. (NGS) which owns Bridge International Academies  (Bridge or the Company) . Bridge is Africas largest chain of low-cost schools currently operating 211 schools serving 57,000 students in Kenya. The Company aims to provide quality education to children from families earning less the $2 per person per day. The investment will be used to increase the number of schools in Kenya and expand to 3 new countries.   Update : IFC has exited its investment in NewGlobe Schools, Inc. (the parent company of Bridge International Academies), effective March 3, 2022.  Over the period of IFCs investment, the company scaled up significantly and currently reaches approximately 750,000 students through primarily its technology licensing contracts with government partnership schools, supporting innovation in the primary education sector. With IFCs assistance, Bridge has made significant improvements in environmental, social, and governance management. 1. Access to basic education: Bridge aims to provide access to education for 3.5 million students from low-income backgrounds by 2020. 2. Promoting affordability: Bridge provides quality education for a significantly lower cost than alternative low cost private schools and government schools. 3. Improving quality and accountability: Bridge has a team of specialized content developers that develop high quality content based on the national curriculum. Independent studies on the quality of Bridge education show between 25% to 205% improvement in Bridge students' literacy and numeracy over their peers in government schools and other low cost schools . The use of technology and automation has allowed Bridge to enforce accountability at all level of the organization, particularly ensuring teacher attendance which is a large problem in the Company's target markets.  4. Job creation: The Company aims to create 57,000 teaching jobs by 2020. A majority of these jobs will be filled by youth in the 24-35 year age group recruited and trained as teachers. Additionally the Company will hire individuals for the ancilliary services it intends to provide such as lunch catering services. 5. Demonstration effect: The education sector for the low income market is fragmented which results in inconsistent quality and higher costs. The Company will act as a consolidator in the sector and if successful will attract other companies to employ similar strategies, thereby improving quality and reducing costs of primary education in emerging markets. 6. Improved nutrition for students: The Company aims to introduce lunch meals at school and will provide students with affordable, nutritious meals.
Eni Biofuel KEN As part of the corporate zero net emissions strategy launched in 2020, Eni S.p.A. (Eni) is targeting net zero carbon emissions by 2050. This target will be achieved through a variety of fully decarbonized products, combining environmental and financial sustainability with a strong focus on technological leadership built on years of research and innovation.  As part of this strategy, through its affiliate Eni Kenya B.V. (the Company), Eni has initiated a biofuel project in Kenya. The Project involves contractual engagement of third-party farmers and aggregators to supply oil seeds (feedstock) into Eni-owned agri-processing plants, where these seeds will be processed to produce vegetable oils for export to Eni bio-refineries in Italy and further refined into different bio-energy products (biofuels). Eni will develop and oversee supply chains for the agri-hubs, including ~200,000 ha of oilseeds production, and reaching over 200,000 smallholder farmers through contracted aggregators.   The biofuels will be International Sustainability and Carbon Certification (ISCC) certified as advanced biofuels, being produced from low indirect land-use change (Low ILUC) feedstocks that do not compete with food production because these non-edible oilseeds, like castor and croton, are grown on degraded lands not suitable for food production and/or are grown in rotation/inter-cropping with food crops. Project Outcomes:
Stakeholders: Farmers - IFC expects the Project to improve livelihoods for up to 200,000 smallholder farmers by providing inputs, mechanization, logistics, certification, training, etc., and access to markets to farmers by off-taking up to 600,000 Mt oilseeds p.a.
Economy-Wide Effects: IFC expects the Project to strengthen linkages with farmers and improve employment and domestic value addition through economywide linkages.
Market Creation: 
Sustainability: Biofuels are among the available options to decarbonize transport in the short to medium term, especially for aviation, marine, and heavy-duty vehicles. The Project will contribute to the biofuel value chain development in Kenya, promoting the production of biofuel from oilseeds without competing with food production and increasing market uptake.
Chase Bank BoW Chase Bank (Kenya) Limited (Chase, or the Bank) is a Tier II bank in Kenya with primary operations in banking.  The Bank has two wholly owned subsidiaries: Rafiki Microfinance Bank Limited, a deposit taking microfinance institution established in 2011; and Chase Insurance Agencies Limited, an insurance broker established in 2010.  The Bank commenced operations in 1996 and has since undergone a transformation to become a leading second tier bank with 34 branches, a strong niche in the SME segment and a noticeable market share of 2.8% by total assets and  2.7% by total deposits as of YE2013 in a very competitive market. The Bank also offers a range of Islamic Banking services through Chase Iman. In addition, Chase has an associate company in the stock brokerage business known as Genghis Capital.  The proposed project consists of a US$25 million senior loan to Chase to provide financing to women-owned small and medium enterprises (WSMEs) and SMEs. The financing package will be complemented with Advisory Services targeted at improving the Banks internal SME banking capacity and in particular its women markets franchise. 1) Financial Inclusion: The proposed project will increase access to finance to underserved segments by on-lending to SMEs, women-owned businesses and Islamic population in Kenya. 2) Job Creation: Create more jobs and reduce poverty by providing financing to Kenyan SMEs and women businesses that are key drivers to private sector development.  3) Competition: Foster competitive environment in the Kenyan banking sector by supporting an indigenous Tier II SME bank.
Kingdom Kenya BV The project consists of the acquisition and refurbishment of five hotels and lodges in Kenya that previously comprised Lonrho Hotels Kenya B.V. These are the following:

-  Norfolk Hotel, Nairobi (167 rooms)
-  Mount Kenya Safari Club (114 rooms)
-  Mara Safari Club (50 room tents)
-  Ark Safari Lodge, Aberdare (60 rooms)
-  Aberdare Country Club (48 rooms)

Acquisition has been recently finalized for $33.4 million and refurbishment cost is estimated at $29.6 million, for a total project cost of $63.0 million.

Kenya is rich in tourism assets and after suffering in the last few years mainly due to security concerns, signs of recovery are apparent.  In addition to capitalizing on the upswing in demand in Kenya, the sponsors believe the project will create significant value by:

-  enhancing performance through stronger management; 
-  positioning the hotels to effectively compete at the top end of the market; 
-  leveraging off KHI and Fairmonts international exposure; and 
-  benefiting from KHIs economies of scale in the Africa region.
STANLIB Fahari I-REIT IFC investment of up to US$15 million-equivalent in STANLIB Fahari Property Income Fund Income Real Estate Investment Trust (STANLIB Fahari I-REIT), a US$125 million-equivalent I-REIT in Kenya which will be listed on the Nairobi Securities Exchange.  The I-REIT will own and manage existing, income-generating real estate properties. STANLIB Fahari I-REIT will be the first I-REIT to list in Kenya following enactment of The Capital Markets (Real Estate Investment Trusts) (Collective Investments Schemes) Regulations, 2013. The listing of the I-REIT is subject to Kenyan regulatory approval.  Successful establishment of Real Estate Investment Trusts as a liquid financial instrument used to gain exposure to Kenyan real estate help unlock significant capital resources to fund Kenyas real estate gaps. This project plays an essential role in market development by enabling local, long maturity, institutional investors to take positions in long maturity income producing real estate. This appropriately extends the tenor of domestic pension fund assets, and frees up developers'' capital so that they may focus on new development opportunities.  -Establishment of REITs as a credible financial instrument in Kenya will help reduce, entry barriers and risks otherwise associated with real estate investment by financial investors. This will be beneficial from a portfolio diversification standpoint for asset managers (including pension funds and insurance companies), and therefore enable all stakeholders of such firms (persons with pensions and/or ones obtaining various forms of risk mitigation) to benefit from further development of Kenya''s property markets  -Successful establishment of REITS in Kenya will provide new impetus to real estate building activity and this has significant employment generation as well as urban infrastructure development impact
Diamond Trust Bank Group The total project cost and proposed IFC investment is $45 million, IFC will provide the following: 

- A Subordinated loan of $15 million; and 

- Senior Loans to DTBK of an aggregate amount of up to $30 million or its equivalent in other currencies for housing finance, on lending to SMEs, consumer financing, education/student loans, health-care, and agribusiness financing. 

Some of the senior loans to be made under the project are proposed to be supported by the Africa Micro Small and Medium Enterprises (AMSME) Finance program. The project is expected to have a high development impact in the following measurable areas: 

- increasing credit availability to MSMEs; 
- enhancing competition in the banking sector in Kenya; and 
- expanding credit availability across all segments of the market. 

Another benefit of the project will be the enhancement of the capabilities of the Bank to lend to MSMEs, through the presence of an on-site advisor who will transfer MSME-banking knowledge to the Banks staff, and develop its institutional capacity in this field.
AEF Locland Limited Summary Of Project Information (SPI)      Project Name    Kenya: Locland Limited              Region    Sub-Saharan Africa        Sector       Project No009056   Projected Board DateJune 30, 1998   Company NameLocland Limited   Technical Partner and/or Major Shareholders    	The Company is owned by Mrs. Sonal A. Patel 50% and her husband Mr. Ajit B. Patel (50%).  Proposed technical partners are Messrs Nature Flora and H. Hamer. Sunripe Ltd will be the marketing agents.    Project Cost Including proposed IFC investment    	Project Cost        : US$ 1.5 million         IFC loan Investment : US$ 600,000                  Location of project and Description of site    	The project is located at Kitengela, 32 km from Nairobi, off the Nairobi-Arusha highway.  The farm has a gentle scope and covers an area of 30 Ha.    Description of Company and Purpose of Project    	The company is involved in horticultural production.  It started its operations late in 1996.  Since then, it has expanded production and about 15 Ha of the farm is under production of various vegetables for export.  The purpose of the project is to expand its product range by setting up 3 Ha of sweet peppers and 3 Ha of eustoma flowers under greenhouse conditions over a 2 year development period.    IFC Role :  IFC is to provide a long term foreign currency financing and technical assistance in project preparation.    Development Impact:  a) the project will create an additional employment of 110 workers; b) earn about US$ 900,000 per annum of foreign exchange for the country; and c) provide a demonstrative effect on growing of other varieties of horticultural products.    Environmental Category and Issues   This is an environmental review category B project.  Environmental and occupational health and safety issues include pesticides handling and application, integrated pest management, water supply, waste disposal, protective equipment and training, pesticide container disposal, and CFCs.  Locland has implemented Integrated Pest Management measures and closely monitor pest levels.  Water drawn from boreholes will not impact other users, and water will be provided free to local herders.  Training and safety equipment will be provided to all employees.  Only permissible chemicals will be used   	   The  is  May 15, 1998 from the Public Information Center.       Date SPI sent to PIC     May 1, 1998      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384     L:\CAF\AEF\KEN\loclandspi.DOC   April 30, 1998 12:07 PM  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).