devinitorg/iati-policy-markers huggingface dataset:
AEF Agflora Private Limited, Zimbabwe SUMMARY OF PROJECT INFORMATION     Country/Project Name:   	ZIMBABWE - AGFLORA (Pvt) LIMITED     Sector:   				Floriculture     Project No:   			7831     Projected Board Date:	   January 5, 1997     Company Name:   			Agflora (Pvt) Limited     Technical Partner and/or Major Shareholders:     The shareholders of Agflora are Mr. Charles Gurupira and his wife Agnes. The Gurupiras are Zimbabwean citizens and they jointly own the company. Their son Tendai, a business student at UZ, is also involved in the project.   					    Project Cost Including Proposed IFC Investment:     The project is estimated to cost US$383,000 and IFC has been requested to provide a loan of US$170,000.     Location of Project and Description of Site:     The project is located at two sites: (i) 0.6 hectare of roses located in Borrowdale; (ii) one hectare of roses in Saffron Walden; and (iii) two hectares of summer field flowers also in Saffron Walden. Borrowdale is in the suburbs of Harare, and Saffron Walden is about 25 Km from Harare.     Description of Company and Purpose of Project:     Agflora was formed in 1993 in Zimbabwe. The sponsors plan to grow roses and summer field flowers for export to Europe.     Expected Developmental Impact:    The project will provide employment of up to thirty people when it is fully operational. The project will also generate foreign exchange revenue for the country and assist indigenous entrepreneurs to establish themselves in a competitive business.     Environmental Category and Issues:    This is a category B project according to IFC''s environmental review procedure. Environmental, health and safety issues associated with this project include pesticides handling and application, integrated pest management, water supply, CFC-free cold storage, provision of personal protective equipment and safety training, and disposal/destruction of used pesticides containers. The sponsors are preparing an environmental, health and safety management plan to address these issues. An ERS is available.     Date SPI sent to PIC: 	November 14, 1996    	For additional information contact:  Corporate Relations Unit -   	telephone:  (202) 473-7711 - facsimile:  (202) 676-0365.  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).
UDC Limited Summary Of Project Information (SPI)       Project Name    Zimbabwe-udc Holdings Limited            Region    Sub-Saharan Africa        Sector       Project No007763   Projected Board DateFebruary 1, 1997   Company NameZimbabwe: udc Holdings Limited   Technical Partner and/or Major Shareholders    	udcs largest shareholder is Edesa of Switzerland (30% of the capital). udcs shares are listed on the Harare Stock Exchange.    Project Cost Including proposed IFC investment    	The total project cost for the project is up to approximately US$12 million. IFC total financing is between US$8-10 million as detailed below.       Location of project and Description of site    	Harare, Zimbabwe    Description of Company and Purpose of Project    	The project consists of the extension of (i) an up to US$8 million line of credit to udc Holdings Limited, (ii) an up to US$4 million equivalent local currency guarantee facility and (iii) an up to US$0.2 million loan-equivalent US$/ECU currency swap. The proposed financing package will help udc fund its growing leasing business with local private sector companies. The swap will enable the Company to offer its client exporters US$-denominated loans using an ECU funding.    Environmental Category and Issues    	This is a category FI according to IFCs environmental review procedure.  Thus, udc will be required to do an environmental review of the lessees proposed operations funded with the proposed IFC loan.  In addition, IFC will assess udcs capabilities of carrying out an environmental review of each lessee.         Date SPI sent to PIC     December 18, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
AEF Shagelok Chemicals (Pvt) Limited SUMMARY OF PROJECT INFORMATION       Project Name   				Zimbabwe-Shagelok Chemicals (Pvt.) Limited     Region	   				Sub-Saharan Africa     Sector	   				Sodium Silicate Production     Project No   				007129     Projected Approval Date	   	January 22, 1995     Company Name	   			Shagelok Chemicals (Pvt.) Ltd.     Technical Partner and/or Major Shareholders:     	The project sponsors include: three Zimbabwean businessmen, Messrs. Mhlanga, Sibanda, and Masola, who would contribute 28% of the projects equity, Foksor SA Ltd., a major phosphate manufacturer who would provide 18% of the equity, and VCCZ and ZDB, institutional investors who would provide a combined 37% of the projects equity requirements.  Messrs. Mhlanga, Sibanda, and Masola would assume top management positions in the company.     Project Cost Including proposed IFC Investment   :    			Project Cost:	US$2.271 million equivalent    			IFC Investment:	US$0.845 million (US$0.680 loan and 								US$0.165 equity)     Location of Project and Description of Site:   	The project will be located in the Mambo Industrial area on the outskirts of Gweru. Gweru is located in the Midlands province of Zimbabwe, 276km from Harare.      Description of Company and Purpose of Project:   	The project entails the purchase of equipment for the manufacture of sodium silicate for use in the production of textile, detergent, oil, steel and chemical, paper and adhesive products, making Shagelok the second and largest sodium silicate plant in Zimbabwe. The intended production of 40 tons a day will also make Shagelok the second largest sodium silicate producer in Southern Africa, second only to the SCI plant in Durban, South Africa. Shagelok is being set up to produce raw sodium silicate and will not make any liquid silicates. The company''s product is targeted at the Zimbabwean and Southern African markets.     KTG Systems Inc. USA (KTG) will design the furnace equipment, supply, install and commission the plant. KTG has agreed to provide capacity and raw material utilization guarantees.     .     Environmental Category and Issues:   	This is an environmental review category ''B'' project.  Environmental and occupational health and safety issues include furnace emissions, dust emissions, employee protection against dust and noise and general plant safety issues. The sponsors have agreed to comply with all applicable World Bank and Government of Zimbabwe requirements. In order to address the issues listed above, the key features of the companys mitigation plan entail installation of the following; electrostatic precipitators, covered conveyors, silos enclosed with de-dusters and provision of personal protection equipment.     The ERS is expected to be available on or about January 9, 1996.      Date SPI sent to PIC:    	December 8, 1995    For additional information contact: Corporate Relations Unit - Telephone (202) 473-7711 Facsimile: (202) 676-0365.     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).
AEF Hy-veld Holdings (Pvt) Ltd.  and Extraction Incorporated SUMMARY OF PROJECT INFORMATION (SPI)    Project Name	Zimbabwe-Hy-Veld Holdings (Pvt.)Limited   	Zimbabwe    Region	Sub-Saharan Africa    Sector 	Agri-business    Project No	009290    Projected Board	December 3, 1998   Date    Company Name	Hy-Veld Holdings (Pvt.)Limited    Technical Partner and/or Major Shareholders    	Hy-Veld Holdings (Pvt.)Limited is a Zimbabwean registered company. The shareholders are David Gollach (50%) and Robin Hamlyn (50%).    Project Cost Including proposed IFC investment    	The project is estimated to cost US$3.435 million and IFC has been requested to provide a loan of US$1,300,000.    Location of project and Description of site    	The project is located in Ruwa, 30 km from Harare, on three adjacent plots of land.     Description of Company and Purpose of Project    	The Company has two wholly owned subsidiaries, Hy-Veld Seed Company (Pvt.) Limited and Extracts Incorporated (Pvt) Limited whose main business is production and sale of paprika pulp. Hy-Veld is the third largest producer of paprika pulp in the world and accounts for 11% of total world supply. The Company has recently began production and sale of marigolds to the natural colourant industry. The project will expand the productive capacity of the Company and consists of; installation of additional paprika deseeding and baling lines, installation of a marigold dryer and pelletiser and construction of a solvent extraction plant to produce oleresin paprika.     	IFCs finance will complete the financing plan. IFC will also play an important role in helping the sponsors meet acceptable environmental standards.     Environmental Category and Issues    	This is a category B project according to IFCs environmental review procedure. Environmental, health and safety issues associated with this project include agricultural extension services and training, including handling, storage and application of agrochemicals and employee health and safety; source of power and water including fuel storage if applicable; disposal of solid and liquid wastes including sewage; transportation, handling and storage of hazardous materials; employee exposure to dust, heat and noise in the processing plant; provision of personal protective equipment and employee training; quality control of product; fire protection and response; and plant hygiene and general housekeeping.    The Environmental Review Summary is at the Public Information Center.    Date SPI sent to PIC:		November 4, 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  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).
FIRST MERCHANT BANK OF ZIMBABWE-LOAN Summary Of Project Information (SPI)       Project Name    Zimbabwe-First Merchant Bank of Zimbabwe            Region    Sub-Saharan Africa        Sector       Project No008637   Projected Board DateDecember 12, 1997   Company NameFirst Merchant Bank Zimbabwe Limited   Technical Partner and/or Major Shareholders    	FMB is a listed bank.  The other major shareholders are Anglo-American Co.(28%), Heritage Investment Bank 22%, Old Mutual Investment Corporation (16%) and IFC (9%).    	    Project Cost Including proposed IFC investment    	US$15 million    Location of project and Description of site    	Zimbabwe    Description of Company and Purpose of Project    	The project involves an IFC term-loan of up-to US$15 million to be used for trade and project finance by export-oriented small and medium-size enterprises in the productive sector of the Zimbabwean Economy.   IFCs loan would serve to channel much-needed foreign exchange term-finance resources to fund the operations and expansion needs of private Zimbabwean enterprises.    Environmental Category and Issues    	This is a Category FI project according to IFCs environmental Review Procedures.  For relevant project finance operations, FMB will be required to do an environmental review of eligible investee operations.  As this is IFCs first loan (since the introduction of Environmental Guidelines) to FMB, IFC will assess FMBs capacity to conduct environmental review.       Date SPI sent to PIC     October 22, 1997      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
Commercial Bank of Zimbabwe Summary Of Project Information (SPI)       Project Name    Zimbabwe-Commercial Bank of Zimbabwe            Region    Sub-Saharan Africa        Sector       Project No008907   Projected Board DateJune 30, 1998   Company NameCommercial Bank of Zimbabwe Limited   Technical Partner and/or Major Shareholders    	Local institutional investors and shareholders	    Project Cost Including Proposed IFC Investment    	US$22.5 million including a US$7.5 million IFC equity investment and US$15 million IFC A Loan.    Location of Project and Description of Site    	throughout Zimbabwe     Description of Company and Purpose of Project    	 The project is intended to support the privatization of CBZ, the largest GoZ owned bank and the third largest financial institution in Zimbabwe, through the participation of IFC and a reputed technical partner as well as the provision by IFC of forex term-finance resources. IFC will play a very important catalytic role in this project as its participation is critical for completing the privatization of CBZ.  Similarly, the project  has a number of developmental benefits.  First, the partial divestment of IFCs shareholding to CBZs staff will empower local Zimbabweans. Second, the proposed IFC loan would channel much needed foreign exchange term-finance to private sector Zimbabwean enterprises.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFC''s environmental review procedure.  CBZ will be required to undertake an environmental review of eligible borrower''s environmental performance and each sub-project''s compliance with the Government of (country) environmental, health and safety laws, regulations and standards as well as applicable World Bank policies and guidelines.  In addition, IFC will assess CBZ''s capability to carry out environmental reviews.     	     Date SPI sent to InfoShop     February 20, 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
AEF Isfar Private Limited SUMMARY OF PROJECT INFORMATION     Project Name			ZIMBABWE-Isfar (Pvt.) Ltd    Region				Sub-Saharan Africa    Sector				Textiles/Soft Furnishings    Project No				008051    Projected Board Date		April 25, 1997    Technical Partner and/or Major Shareholders:       Mrs. Abigail Magwenzi (80%) and Mr. Israel Magwenzi (20%).  Mrs. Magwenzi, the lead sponsor, has a Masters in Business Administration degree.   She is a dynamic entrepreneur who was awarded the Zimbabwe National Chamber of Commerce (ZNCC) "Businesswoman of the Year"  in 1995.  Mr. Magwenzi is also a successful businessman running his own construction company.   				   Project Cost Including Proposed IFC Investment:  Project cost is estimated at US$427,000       and IFC is being asked to provide a loan of US$100,000.    Location of Project and Description of Site:       The project is located in the city centre in Harare in an area predominantly occupied by construction material merchants and manufacturers of small products (pens, books, and clothing). The production facilities will be located on the first floor of a two storey building which, on the ground floor, will also house the Companys show room and offices.    Description of Company and Purpose of Project: Isfar (Pvt.) Limited was formed in 1990 to manufacture a variety of soft furnishings like curtains, pillow cases, cushion covers, bolsters, plain bedspreads and accessories.  The company now wants to expand by (a) acquiring faster automated production machines (b) rationalising its product range and (c) increasing production for the regional export market. It wants to enter the export market with a narrow range of products.    Environmental Category and Issues: This is a category B project according to IFC''s environmental review procedures. Environmental and occupational health and safety issues associated with this project include liquid and solid waste disposal, employee training and safety, fire safety and response, and plant hygiene and good housekeeping procedures. It is anticipated that the sponsor will employ methods to ensure proper handling of chemicals and to ensure proper disposal of liquid and solid waste.  The ERS is expected to be submitted to the PIC by March 25, 1997.    Date SPI sent to PIC: 	March 3, 1997    For additional information contact:  Corporate Relations Unit - telephone:  (202) 473-7711 - facsimile:  (202) 676-0365.         L:\CAF\AEF\ZIM\ISFARSPI.DOC   March 3, 1997 5:00 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).
AEF Solid Insurance Company (Private) Limited SUMMARY OF PROJECT INFORMATION    Project Name   	   		Zimbabwe-Solid Insurance (PVT)Ltd.    Sector				Financial Services    Project No				007423    Projected Board Date    	   March 29, 1996    Company Name			Solid Insurance (PVT.) Ltd.    Technical Partner and/or Major Shareholders:        The main sponsor and Chief Executive of SIC is Mr. Solomon Nyakudya, 36, formerly Director of Marketing and Underwriting at Zimnat Insurance Company.  Zimnat is the biggest short term insurance underwriter in Zimbabwe.  It has a market share of about 20%. Mr. Nyakudya is a graduate of the Chartered Insurance Institute and is also a Chartered Secretary.  Another key sponsor is Mr. Barry McCurdy (61), who has just retired from his position as General Manager of the life assurance division of Zimnat (Zimlife).  He is the Finance and Administration Director.   					    Project Cost Including Proposed IFC Investment:     Project cost is estimated at US$1,112,000.  IFC is being asked to make an equity investment of US$200,000.     Location of Project and Description of Site:       The Companys headquarters are on the 3rd Floor of Morgan House (total 7 floors) in Harare.  The Company also has a branch office in Bulawayo and there are plans to establish another in Mutare so as to be able to provide countrywide services.     Description of Company and Purpose of Project:    Solid Insurance Company (Pvt.) Ltd. (SIC) is a new Company that seeks to underwrite short term (non-life) insurance risks in Zimbabwe.  It is the second out of fourteen insurance companies to be owned by black Zimbabweans.  The Company commenced business on November 1, 1995.    Apart from the traditional markets, the Company will also target the emerging and small business segments of the insurance industry.  The latter segments are largely uninsured because the standard insurance products on the market do not cater for their needs.  SIC will concentrate on designing and introducing insurance products that will help it capture a potentially very significant market. To ensure a successful entry, the Company is seeking to establish technical support arrangements with a number of foreign insurance organisations specialising in small risk insurance.  Rasini Vigano Ltd. of Italy, a Lloyds Associate and portfolio investor in Third World insurance companies, has agreed to consider an investment in SIC along with IFC.      Environmental Category and Issues:     This is an environmental review category C project.  No further environmental review is required.     Date SPI sent to PIC: 		March 14, 1996     	For additional information contact:  Corporate Relations Unit - telephone:  (202) 473-7711 - facsimile:  (202) 676-0365.
AEF-Stone Holdings Limitted, Zimbabwe SUMMARY OF PROJECT INFORMATION       Project Name   				Zimbabwe-Itachi Plastics (Pvt) Ltd.     Region   					Sub-Saharan Africa     Sector   					Plastics     Project No   					004999     Company Name   				Itachi Plastics (Pvt) Ltd.     Location or Project and       Description of Site   			Harare, Zimbabwe     Projected Board Date	   		June 15, 1995     Description of Company and Purpose of Project:   	The project entails the purchase of equipment for use in the manufacture of plastic bottles and other packaging material for beauty, health care and processed food products.  Itachi Plastics is being set up to produce for the small bottle segment of the market (400ml and below).  Itachi intends to use the injection blow manufacturing technique instead of the more commonly used extrusion blow moulding.  The latter is suitable only for open ended containers, not bottles.  The selected process will reduce the production costs which have tended to dissuade manufacturers from small bottle containers. The equipment will be imported from Dick Lyons Company Ltd of Taiwan(DLCL) which will provide initial training, spares and back up maintenance through its  South African subsidiary.  Some complementary equipment will be sourced locally. Raw materials for the production of plastic are all imported with very little (5%) available locally.  Most of the raw material is from South Africa (SASOL) although some is from as far as Europe and USA.     Technical Partner and/or Major Shareholders:     Mr. Godfrey Kaitano one of the two sponsors will be the managing director.  Mr Kaitano has over 10 years experience in plastic packaging manufacturing.  The other sponsor is Dr Obert Mhere, a Harare based medical practitioner.  He will not be involved in the running of the Company.    DLCL will have a small shareholding (8%) in the company.  They intend to sell this shareholding to the two sponsors once the company is fully operational.     Environmental Category and Issues:   	This is an environmental review category ''B'' project.  Environmental and occupational health and safety issues include air emissions, solid and liquid waste management scrap recycling, welding fume control, employee safety and fire protection.  The sponsors have committed to complying with all applicable World Bank and Government of Zimbabwe requirements, to submit to IFC an environmental management plan addressing the issues listed above.  They are currently preparing a plan for dealing with environmental matters and this will be submitted for clearance by IFC before approval of the proposed IFC investment is granted.    Date SPI sent to PIC		6/13/95    For additional Information contact:	Corporate Relations Unit   Telephone:	(202) 473-7711   Facsimile:	(202) 676-0365  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).