devinitorg/iati-policy-markers huggingface dataset:
KQ Airways Project Kenya Airways Ltd. (Kenya Airways, KQ or the Company), an IFC client and a leading African airline, is seeking financing from IFC to support the implementation of its  strategic fleet and network expansion plan focused on growing its passenger network and diversifying its fleet to match the network needs as well as launching a dedicated freighter division (the Project).    Having reached a critical mass and achieved a solid financial position, KQ finds itself well positioned to capitalize on the growth prospects and opportunities that the African region and the international market presents. KQs strategic intent is to establish its brand and its presence in the most important intra African markets as well as become a significant player in long haul origin-destination city pairs that are expected to grow over the next few years.   To implement the Project, the Company has already placed firm orders to aircraft manufacturers in connection with the acquisition of nine Boeing 787 Dreamliner aircraft and ten Embraer 190 aircraft. KQ will also incur additional capital expenditures such as spare engines and hangar construction related to its fleet expansion. IFC''s support of Kenya Airways expansion plan will have significant development impact.  From a social and labor point of view, the Company estimates that the number of employees will nearly double after five years (currently 4,400 employees) most of which are of a technical/qualified labor nature.  At the regional level of Sub Saharan Africa ("SSA"), the launch of the freighter division coupled with the opening of new intra-Africa destinations will contribute to markets integration and will reduce the transactional costs of trade, an aspect that is extremely important to promote the economic development of the SSA economies. Finally, KQ''s entry into new international markets will promote competition as well as provide a key transportation link between growing economies in the Middle East and Northern Africa ("MENA") region and Asia promoting international trade, South South Investments and tourism to and from Africa.
DCM KMRC Project Kenya Mortgage Refinance Company ('KMRC') is a greenfield entity established in April 2018 with the purpose of providing long-term funding to Primary Mortgage Lenders ('PMLs') to develop the affordable housing segment in Kenya and increase access to affordable housing finance. KMRC received its operating license in September 2020.  IFC will serve as an anchor investor in KMRC's first Medium-Term Note ('MTN') bond program of up to KES 10.5bn (~US$93mn) by purchasing up to 40% of the bonds. The bond proceeds will be used to increase the availability of affordable housing finance in Kenya.   The project is expected to be supported by the IDA19 IFC-MIGA Private Sector Window Local Currency Facility ('IDA-PSW LCF') as described in the Blended Finance Section. (i) Increased access to housing finance: KMRC, through its role as a mortgage liquidity and refinance facility, is expected to expand access to longer-term funding for housing finance, giving commercial mortgage lenders the ability to on-lend for longer tenors at a fixed rate. 
(ii) Increased affordability of housing finance: Longer loan tenors at which Primary Mortgage Lenders can extend to borrowing customers will lower monthly mortgage payments, thus lowering the income required to buy a house.
(iii) Financial integration: The Project is expected to contribute substantially to financially integrating housing finance with Kenya's debt capital markets, allowing more effective intermediation of longer-term capital from savers (local institutional investors) to corporate borrowers in the housing sector.
KCB Senior Loan The proposed project consists of a US$ 150 million senior unsecured loan to KCB Bank Kenya Limited (KCBK or the Bank). The proceeds will support the growth of the Banks climate finance portfolio. The most significant expected project-level outcome is improved accessibility of climate finance. Beyond these outcomes, IFC anticipates that its concerted investment and advisory services approach with the leading bank in Kenya will send a positive market signal on the commercial viability of further market expansion of green assets, including green buildings; thus, contributing towards increased sustainability through the demonstration, replication, and capacity building channels.
Coopbank Tier II The proposed Project consists of a 7-year (with 5-year grace) subordinated loan of up to US$75 million to the Co-operative Bank of Kenya Limited (Co-op or the Bank). IFCs loan will enhance the Banks regulatory capital and support its lending program to expand access to finance for MSMEs in Kenya, which are expected to be highly affected by the COVIC-19 pandemic (the Project). Project Outcomes:
i) Stakeholder effects - Increase in accessibility of finance for MSMEs

Contribution to Market Creation:
i) Resilience: The project is part of a broader IFC FIG's initiative to strengthen the capital base of leading and regionally important banks in Kenya, which is expected to result in systemic improvements in institutions that will contribute to financial market stability and help the market withstand shocks by boosting capital adequacy.
ii) Integration: The Project is expected to contribute to an increase in financial integration in the SME finance market through the promotion of replicable instruments such as Basel II Tier II capital to raise funds for SME banking.
WCS COVID GTBK The proposed project consists of an up to US$15 million Working Capital Solution (WCS) line under the COVID-19 Crisis Response Facility to Guaranty Trust Bank (Kenya) Ltd (GTBK). This project will avail working capital and trade-related loans to borrowers, predominantly SMEs, stabilizing supply chains and re-enforcing resilience in critical sectors such as Trade, FMCGs, Pharmaceuticals and Manufacturing, that have been impacted by the pandemic. IFC anticipates that the Project will help best position the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning
opportunities. By sustaining the Bank's ability to provide working capital and trade finance, IFC's facility is intended to promote the resilience of trade finance markets, as well as broader stability that comes about by providing for the going concern of market participants in Kenya.
KMRC Equity The Project consists of an equity investment of up to US$2 million equivalent in the Kenya Mortgage Refinance Company (KMRC or the Company), of which up to US$1 million equivalent may potentially be supported by an IDA PSW Blended Finance Facility investment. KMRC is a private mortgage refinancing company that will provide long-term funding and liquidity to financial institutions to foster the development of the housing sector and improve affordability. With IDA PSW support, IFC become a shareholder and drive the impact by addressing the primary market failure of lack of access to viable financing, including in the underdeveloped counties of Garissa, Isiolo, Lamu, Mandera, Marsabit, Samburu, Tana River, Turkana, Wajir, West Pokot. Accessibility and affordability of housing finance: the proposed Project will allow KMRC to offer longer tenor funding to primary mortgage lenders in Kenya which in turn will enable primary mortgage lenders to offer longer-term mortgage loans to borrowers, ultimately increasing access and affordability of mortgages. 

Job creation: through the proposed Project, IFC will promote creation of indirect jobs through the construction of residential houses in Kenya
Credit Finance and Commerce Bank Limited Summary Of Project Information (SPI)       Project Name    Kenya - CFC Bank Limited      RegionSub-Saharan Africa   Sector   Project No007876   Projected Board DateDecember 20, 1996   Company NameCFC Bank Limited   Technical Partner and/or Major Shareholders    	CFC Bank Limited is primarily owned by private Kenyan investors.    Project Cost Including proposed IFC investment    	IFC will extend a loan option facility of up to $10 million.    Location of project and Description of site    	Nairobi, Kenya    Description of Company and Purpose of Project    	CFC was established in 1955 as a non-bank financial institution specializing in asset finance, primarily hire purchase transactions and corporate loans.  It obtained a listing on the Nairobi Stock Exchange in 1970.  In 1995, it converted into a commercial bank and is now one of the 10 largest banks in Kenya, with a net worth and total assets of US$18 million and US$114 million equivalent respectively.  The proposed Loan Option Facility (LOF), which would give CFC Bank Limited (CFC) the right, but not the obligation, to draw down amounts from IFC as its circumstances dictate, is intended to enable CFC to make medium-term foreign currency loans using short-term foreign currency funding raised in the domestic market, without the liquidity risks that would normally be involved in such term transformation.  The tenor of any IFC funding would be as required by CFC; it could range from short to medium-term.     Environmental Category and Issues    	This is an environmental review category C project.       Date SPI sent to PIC     November 18, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
AEF K-Rep Bank Limited SUMMARY OF PROJECT INFORMATION (SPI)      Project Name			Kenya-K-Rep Bank (KRB) (AEF Project)    Region				Sub-Saharan Africa    Sector				Finance    Project No			007017    Projected Board Date	November 15, 1995    Company Name			K-Rep Bank     Technical Partner and/or Major Shareholders    		Kenya Rural Enterprise Program:	50%   		IFC:							12.5%   		Other foreign investors:			25%   		Local investors				12.5%    Project Cost including proposed IFC investment    	Up to US$6 million   	Proposed IFC investment:  Up to US$1 million    Location of project and Description of site    	Headquartered in Nairobi with branches throughout Kenya    Description of Company and Purpose of Project    	The project is intended to transform a successful micro-enterprise credit program in Kenya, presently managed by Kenya Rural Enterprise Program (K-Rep) into a private commercial bank - K-Rep Bank.  KRB will provide banking and financial services to micro-enterprises which would otherwise be excluded from borrowing from formal financial institutions due to lack of collateral and high transaction costs.  The transformation is necessary because K-Rep''s micro-credit program in existence, since 1984, has long since surpassed its ability to fund continued growth via non-market, concessional sources.  As a bank, KRB will be able to fund itself directly through deposit taking and public stock offerings.  KRB will be the first private bank in Kenya, and just one of the two banks in Africa, that is fully targeted to serving micro-enterprises.  KRB is expected to have a major impact on income and employment creation among low-income groups as has been demonstrated by K-Rep and similar institutions worldwide.  In addition to its very real benefits vis-a-vis income and employment, the KRB project represents an extension of the Kenyan financial system: a broadening of the range of financial services offered and the percentage of the population with access to these services; and an opening and democratization of capital markets.    Environmental Categories and Issues    	The project is a Category "C" project according to IFC Environmental Review Procedures and therefore no environmental review is required.    Date SPI sent to PIC		September 7, 1995    For additional information contact:  Corporate Relations Unit:   telephone: (202) 473-7711   facsimile: (202) 676-0365
Project Autumn The proposed project is an equity investment in Equity Group Holdings Plc (EGH, Equity Group or the Group), a leading banking group in Eastern and Central Africa. The investment includes mobilization from the IFC Financial Institutions Growth Fund, managed by IFCs Asset Management Company. The Project is expected to have a high development impact. It is expected to promote greater financial sector resilience and provide further support to EGH in its country of operations.
KTDA ICD Project The proposed investment is an A Loan of up to US$10 million to Kenya Tea Development Agency Holdings Ltd (KTDA). The A Loan will support the expansion strategy of KTDA in logistics business and finances a US$17.7 million greenfield inland container depot (ICD) project that comprises of 6.7 acres of container stacking yard, 0.9 acres of covered warehouses, and auxiliary facilities in Nairobi (the Project). The Project develops cargo freight logistics infrastructure in the city of Nairobi, which improves capacity and affordability of services. At the market level, the Project contributes to improving integration of the logistics networks centered around the Port of Mombasa and the new standard gauge railway (SGR) line linking Mombasa to Nairobi, by improving the Port's hinterland footprint and connectivity.
Goodlife Pharma Goodlife Pharmacy Limited is a company established by Africa Chemist & Beauty Care Inc. (ACBC) to be the leading branded pharmacy chain in East Africa. It presently consists of 5 recently acquired pharmacy stores operating under the brand name Mimosa in multiple locations in Kenya. Over the next 5 years Goodlife aims to rebrand these stores and acquire and establish new stores to create the leading branded pharmacy chain in East Africa (the Project). The Project is expected to, among others; (i) increase availability of quality healthcare products to more than 2 million Kenyans per annum after the expansion is completed; (ii) create over 200 new direct employment for local communities during operations; (iii) provide professional development in customer service and business administration to Pharmacist and Pharmtechs employed by Goodlife via the Company''s in-house training programs; (iv) act as a demonstration of the viability of pharmacy chains which will potentially result in consolidation in a presently fragmented pharmacy market. This in turn will result in lower costs and better quality for the consumers.
Africa Oil Project IFC is invited to invest in Africa Oil Corp. to fund the Companys oil and gas exploration and appraisal activities and general working capital requirements, primarily aimed at advancing the appraisal of the South Lokichar Basin in Blocks 10BB and 13T near South Lokichar in Kenya. Africa Oil is an East Africa-focused oil and gas exploration and development company and is publicly listed on the Toronto and Nasdaq Stockholm Stock Exchanges. Including the proposed IFC equity placement of $50 million, the Company will have raised $275 million of equity during 2015 to fund its ongoing activities. Impacts of the development of the South Lokichar discoveries include: (i) significant output of hydrocarbons which could support downstream developments in the future; (ii) newly generated fiscal revenues which will partly offset the energy import bill, diversify the government''s revenue base and help finance other key infrastructure investments in Kenya; (iii) employment creation and transfer of expertise; (iv) furthering regional integration in East Africa through other infrastructure investments including the regional export pipeline and the promotion of the hydrocarbon sector in East Africa.
AEF Lesiolo Grain Handlers Limited Lesiolo Grain Handlers Ltd (LGHL) was recently incorporated for the purposes of establishing an independent grain handling and storage plant. The facility will provide cleaning, drying, and storage services for maize, wheat, and barley producers within Kenya. The installed storage capacity will be 12,500 tonnes of wheat and maize, and 16,000 tonnes for barley.There is also demand for handling and storage services for grain imported into the country by local grain millers, and for grain in transit to Uganda and other neighbouring countries. LGHL will be the first independent provider of grain handling facilities in Kenya and will fill a much needed gap in the market for this kind of facility.    IFC will provide a foreign currency loan, which is not readily available in Kenya. IFC will also play an important role of ensuring the company complies with the World Bank environmental protection guidelines through regular supervision.     The project creates employmnet for 25 workers. It wilI also introduce high grain handling standards in the country, which will ensure high quality products and reduction in grain losses. This should eventually translate to higher earnings for the farmers.
Panafrican Paper Mills Ltd. SUMMARY OF PROJECT INFORMATION (SPI)     Country/Project Name		Kenya-Panafrican Paper Mills (EA) Limited.    Region				Sub-Saharan Africa    Sector				Pulp and Paper    Project No				007206    Projected Approval Date:	January 15, 1996    Company Name:			Panafrican Paper Mills (EA) Limited    Technical Partner and/or Major Shareholders:  Orient Paper and Industries Ltd, India (a member of the Birla Group) is the technical partner and has a 29.4% shareholding;  Government of Kenya (33.9%) and IFC (24.9%) are other principal shareholders.     Project Cost including proposed IFC investment:      		Project Cost:					US$ 36 million    		IFC Investment (Loan):			US$ 15 million    Location of project and Description of site:  Modernization of existing Pulp and Paper mill located on the Bank of the Nzoia River at Webuye, in Western Province of Kenya.    Description of Company and Purpose of Project:  PPM commenced operations in 1974, and is the only integrated pulp and paper mill in Kenya, supplying 80% of the domestic paper consumption. This project  is the first phase of a rehabilitation and modernization program to achieve regional competitiveness.  It includes the replacement of the bleach plant with a more environmentally friendly unit; debottlenecking the plant and reducing chemical and power costs.     Environmental Categories and Issues:  This is a category B project according to IFCs environmental review procedure.  The sponsor has made commitment to fully comply with World Bank policies and guidelines, and governmental requirements and have submitted and environmental plan addressing the issues such as: Liquid effluents, air emissions, wood supply, and handling of hazardous and toxic chemicals.      The ERS will be sent to the PIC on January 2, 1995.    Date SPI sent to PIC:	December 7, 1995    For additional Information contact:  Corporate Relations Unit - telephone (202) 473-7711 - facsimile: (202) 676-0365.      L:\CAFD1\PPM\PPMSPI.DOC   December 7, 1995 5:30 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).
EBK Green Project The project consists of an up to US$100 million subordinated loan to Equity Bank (Kenya) Limited (EBK or the Bank) to strengthen the Banks regulatory capital and support its lending program to the underserved micro, small and medium enterprises (MSMEs) segment in Kenya. The project also aims at supporting the Banks growing sustainable energy finance operations. 1) Project Impact Assessment:
i)	Stakeholder effect - Change in accessibility of finance for SMEs. The proposed project is expected to increase access to finance for SMEs in Kenya through both IFC's investment and advisory services to the Bank on SME lending.
ii)	Stakeholder effect - Change in accessibility, affordability and quality of climate finance. Part of IFC's investment will be deployed to support EBK's growing sustainable energy finance operations in Kenya. IFC's advisory services providing targeted support to EBK on green finance will help the Bank build a strong green business strategy and develop capacity to offer green financing solutions targeting the Bank's core clients in Kenya.


2) Market Impact Assessment:
i)	Sustainability - The proposed project is expected to promote greater sustainability by demonstrating the commercial viability of sustainable energy finance in Kenya. Capacity building through IFC advisory will bring international expertise to the market and help identify climate-smart investment opportunities and quantify the GHG avoidance.
ii)	Competitiveness - The project is expected to have a catalytic effect on SME finance and sustainable energy finance in Kenya and attract more banks into these segments.
IHS Kenya Project The proposed IFC investment is an equity co-investment package by IFC of up to 19.3 million (~ US$ 20.9 million) to invest along with IHS Kenya Green Housing Partnership LLP and IHS Kenya Green Housing SCSp (the Fund) in the development and acquisition of approximately 5,000 newly developed, resource efficient, green affordable housing properties in Kenya (the Project). The proposed IFC investment will consist of up to 10 million (~ US$ 10.9 million) from IFCs own account and up to US$10 million equivalent in  (~9.3 million) from IFC acting as the implementing entity of the UK-IFC Market Accelerator for Green Construction Program (MAGC). IFC will provide equity for the development of affordable housing projects with an initial focus on the Nairobi Metropolitan Area and selectively in other Kenyan Counties. The Fund will be managed by IHS Kenya Green Housing Fund GP Limited (GP), through its main investment management team based in Nairobi. IFC will utilize a sidecar investment structure by using a newly created special purpose vehicle that will have IFC as its only limited partner co-investing alongside with the Fund in selected investments. The most significant expected project-level outcomes are (i) stakeholder effects on customers through increased access to affordable housing, as well as potential effects on suppliers through increased business opportunities and on local communities that will benefit from the accompanied urban infrastructure development, and (ii) environmental effects, through reduction in GHG emissions via improved resource efficiency. Beyond the Project, IFC anticipates the investment will promote competitiveness of the residential property market in Kenya through the demonstration and replication effects for affordable green housing
I&M Bank Kenya -Tier II Sub-Loan The Project consists of a Tier 2-qualifying subordinated loan of US$ 50 million to I&M Bank Limited, Kenya (I&MK or the Bank), the largest subsidiary of  I&M Holdings Plc (I&MH or the Group). The facility will have a maturity of up to 7 years, with a 5-year grace period to conform to the Central Bank of Kenyas Tier 2 capital requirements. The proposed investment will provide I&MK with a subordinated loan which will qualify as tier 2 capital under the laws and regulations of Kenya, enhancing the Banks capitalization and to be used for financing its lending operations in respect of small and medium enterprises (SMEs). The most significant expected project-level outcome is improved accessibility to SME finance in Kenya. Beyond the Project, IFC anticipates that it has the potential to promote greater banking sector resilience by boosting capital adequacy of I&M Bank Ltd, Kenya. This will help the market withstand shocks, contributing to financial market stability.