devinitorg/iati-policy-markers huggingface dataset:
Panari Center Panari Centre Limited (Panari or the company) is a Kenyan SPV incorporated in 2002 to build and operate a $17.8 million greenfield multipurpose complex (the Panari Complex) including a 137 room sponsor-managed hotel, a shopping center, a conference center, an ice-skating rink, two movie theatres and additional facilities. The company successfully started-up operations in 2005 reaching sustainable hotel average room rates as well as hotel and shopping center occupancies.    The proposed $8.0 million project entails:     -  the up to $7.5 million refinancing of existing debt; and    -  the $0.5 million investment to upgrade certain technical installations of the Panari Complex in accordance with IFCs environmental guidelines. By refinancing Panaris debt, the proposed project will help ensure that sufficient cash flow is available to meet the companys ongoing operational and investment needs will result in a better match between the tenor of the financing and the long-term nature of the assets.  As a result, the project would help to sustain the revenue flows, taxes and employment.  The employees will receive continuous training, competitive wages and significant non-wage benefits; in addition, they will be supported with an AIDS/HIV prevention and care program. Adherence to IFC environmental guidelines will enhance the existing infrastructure, potentially increasing hotel demand by improved hotel marketability in key international segments and setting a good example for other developments to follow. Finally, the sustainability of Panari may attract other developments to the area, creating a demonstration effect and contributing to the overall community development  .
Equity Bank II The proposed engagement with Equity Bank Kenya Limited (EBKL or the Bank) is aligned to IFCs strategy for the African financial sector. The Project consists of a US$100 million senior loan to EBKL, to help the Bank grow its lending to Small and Medium Enterprises (SME), women entrepreneurs and to support continued diversification of funding sources especially with regard to lengthening the maturity profile of funding. EBKL is a commercial bank providing inclusive financial services with a specific focus on the underserved populations in Kenya. Equity Group also serves Uganda, South Sudan, Rwanda, Tanzania, and the DRC, with a total customer base of 10.3 million majority of them small savers and an asset base of over US$ 4 billion as of March 31, 2016. In addition to traditional outlets the bank has rolled out multiple delivery channels including digital and mobile banking services, ATMs, agency banking, cash back services and POS to increase access to financial services. The ongoing digitization of banking services which has reduced foot traffic in the branches and allowed branch managers to focus on SME business growth. 1. Increased Access to Finance: By providing financing for on-lending to SMEs in Kenya, the project will increase their competitiveness and foster economic development resulting in job creation. 2. Enhancing Competition and Service: The Project will support a local systemic bank with vast presence in the country hence enhancing capacity to drive competition in the banking sector. 3. Institutional Development: The Project will be accompanied by Advisory Services that will sharpen the value proposition and product offering to SMEs and therefore increasing the Bank''s capacity to serve this segment better and sustainably.
Housing Finance Co. of Kenya - Green Financing The proposed project is a senior loan of up to $16 million for IFCs own account and a senior loan of up to $4 million by IFC in its capacity as the implementing entity of the Canada Climate Change Program (CCCP) to Housing Finance Company of Kenya Limited (HFCK or the Company) to support the Companys funding base and help it grow its mortgage and property development finance business, with an added incentive to develop a green housing portfolio (the Project). The Project is expected to generate a range of social and economic benefits related to mortgage lending. With CCCP funds complimenting IFC''s own funds, it is expected that the Project will also generate environmental benefits through the development of energy efficient green housing projects. The Project may also have a strong demonstration effect in Kenya and beyond - to financial institutions seeking to build their green housing business and to property developers seeking to green their portfolio.   Specifically, the Project will: (i) increase access to affordable housing in Kenya through growth in mortgage lending; (ii) help to grow housing supply in Kenya through on-lending to property developers; (iii) facilitate energy efficient housing developments and therefore introduce and promote a new sustainable housing product into the Kenyan market; (iv) enhance environmental and social (E&S) management capacity of HFCK and therefore help the Company to improve E&S and sustainability standards for property developers; and (v) help abate green house gas emissions as a result of construction of green buildings.
MAGADI SODA COMPANY LTD. SUMMARY OF PROJECT INFORMATION (SPI)     Project Name			KENYA-Magadi Soda Company Limited    Region				Sub-Saharan Africa    Sector				Industry    Project No.			004853    Projected Board Date	June 15, 1995    Company Name			The Magadi Soda Company Limited (Magadi)    Location of project and Description of site    	Lake Magadi, Kenya, southwest of Nairobi near Tanzanian border.    Description of Company and Purpose of Project    	Magadi has been producing soda ash from the alkaline deposits of Lake Magadi since the early part of this century.  It is an important, well established exporter of natural soda.  Magadi also provides and supports essential infrastructure and social services, such as education and health facilities, to its local community.  The project will debottleneck and refurbish Magadi''s operations to increase production capacity by some 50,000 mtpy of soda ash.  In addition to investing in key plant and equipment, the project will support Magadi in taking over responsibility for upgrading, maintaining and running its key railway link to the coast, which in the past has been a key constraint on its operations, as well as providing funding for investment in environmental management.    Shareholders    	Magadi''s shareholder is Brunner Mond Holdings Limited, which took over ICI''s (Magadi''s previous owner) UK and Kenyan interests in the soda ash industry, through a buy-out in 1991.    Project Cost including proposed IFC investment    	The project is due to be completed in 1996 at a cost currently estimated at US$23 million.    Environmental Categories and Issues    	This is a category B project according to IFC''s environmental review procedure.  Environmental issues involve air emissions, liquid effluent, solid waste disposal, general housekeeping, rail operation and safety, and general health and safety.  An independent consultant has, on behalf of Magadi''s new owners, prepared an environmental audit of Magadi''s facilities, and recommends actions on technical and housekeeping issues to be taken for bringing the operations into compliance with local regulations and World bank environmental policies and guidelines.  A corrective action plan covering these recommendations will be implemented as part of the project.     Date SPI sent to PIC			May 15, 1995    For additional information contact:  Corporate Relations Unit   tel:  (202) 473-7711   fax:  (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).
KE Student Loans The proposed project is a risk-sharing student fee financing facility in Kenya.  Under the project, loans will be made by a local bank called Commercial Bank of Africa (CBA) to eligible students and parents/guardians of students studying at Strathmore University to enable them to meet the cost of tertiary education.  The loans will be of 12 month maturity and the students, their parents/guardians/sponsors will take out a loan amount to cover the annual tuition costs and will be required to repay the loan over the year in equal monthly installments.  CBA will administer and collect the loans in cooperation with Strathmore University.  To ensure minimal defaults on the loans, the University and CBA will need to communicate effectively.  Once the facility is established, further developments are to offer long term loans to needy students with excellent secondary examination results whose families do not have the means to service loans. This project is expected to have a strong developmental impact by expanding access and boosting demand for tertiary education for low-income students.  The loans will result in a manageable payment schedule of tuition fees for the student and their families.  In addition, the project will assist with the development of consumer lending and demonstrate to other banks that student loans are viable.  As CBA and other banks become comfortable with the product and obtain data on loan performance, student loan products with longer maturities may be offered.  This will enable more students with limited means to attend university, thus increasing access to higher education.
Braeburn Project Expansion of Braeburn Schools, a for-profit provider of day and boarding K-12 educational services in Kenya and Tanzania.  The expansion comprises (i) the construction of a Sixth Form College at Braeburn Gitanga Rd, Nairobi; (ii) the construction of a Sixth Form College and facility improvements at Braeside Nairobi (iii) facility improvements and the construction of boarding facilities at Braeburn Arusha; and (iv) the establishment of Braeburn Mombasa or a similar K-12 school in Kenya or Tanzania (the Project). The Project will increase availability of high quality education in Kenya and Tanzania.  Through the introduction of Braeside Sixth Form College, it will make a contribution to broadening the course availability of technical and vocational training, which is limited in Kenya.  The Company's continued emphasis placed on teacher training and professional staff development, including the partnership with Kenyatta University on specially designed B.Phil.Ed and M.Phil.Ed courses, will help to increase the availability of high qualified teaching staff in Kenya and Tanzania.  The project will create both direct and indirect job opportunities, particularly as management expects to use local staff and local materials in Braeburn's in-house workshops in fitting out new schools.  Finally, as Braeburn continues to improve quality standards and works to obtain international accreditation, it can serve as an example to other private education institutions in East Africa.
Grit REIG Project The proposed investment is a US$25.0 million A Loan (the IFC Loan) to a Kenyan subsidiary of Grit Real Estate Income Group Limited (the Group, the Guarantor, GREIG), a Mauritius-based listed (London Stock Exchange (LSE), Premium Segment, and Stock Exchange of Mauritius (SEM)) real estate investment company with REIT type characteristics building a diversified portfolio of income generating properties across Africa. GREIG will use the IFC Loan to finance a sale-lease back transaction, which comprises:   i) the acquisition of an industrial facility (the Existing Facility) with vacant land in Nairobi, Kenya from its current owner with the immediate lease back of the existing premises to Orbit Products Africa Limited (OPAL); and ii) the refurbishment of the Existing Facility as well as construction of new premises on the vacant land (the Additional Facility), which will be similarly occupied by OPAL on a long term lease upon successful completion (the Project). OPAL is an established regional manufacturer of popular personal care and home care products for multi-national clients in East Africa. The most significant expected project-level outcomes are i) environmental effects, through reduction in energy and water uses; and ii) economywide effects through value addition and job creation. 
Beyond the Project, IFC anticipates that the investment will facilitate the integration of the Kenyan real-estate market into regional and global financial markets through demonstration effects for REIT and REIT-type vehicles.
Coop Bank II Co-operative Bank of Kenya Ltd (Co-op Bank or the Bank) was established in 1965 as a co-operative society by agricultural marketing co-operative societies to provide access to affordable finance for players in the agricultural sector. Over the years, the Bank has transformed to a leading universal bank in Kenya serving all market segments including co-operatives, corporates, Small and Medium Enterprises (SMEs) and micro-enterprises. In 2008, the Bank became a public company and was listed on the Nairobi Securities Exchange (NSE). Today, Co-op Bank is the 2nd largest bank in Kenya by total assets and has network of 143 branches, over 8,700 agency banking sites and 567 ATMs. The Bank has four subsidiaries, including a banking subsidiary in South Sudan, and one associate company.   IFC will offer Co-op Bank a senior loan of up to US$105 million the purpose of which will be to provide the Bank with long-term funding to (i) support increased lending to SMEs and co-operatives, including Women-owned Enterprises (WOEs), and (ii) to promote affordable housing through expansion of mortgage and construction finance. The project will be supported by IFCs Global SME Facility (SME Facility) and the Women Entrepreneurs Opportunity Facility (WEOF). The financing is expected to have the development impact outlined below:  1. Increased access to finance for SMEs and WOEs: the project will enhance access to finance to SMEs and WOEs in Kenya thereby increasing their growth and competitiveness and foster economic development in the country.  2. Leverage on the scope and reach of Co-op Bank''s business into underserved markets: Co-op Bank is a well diversified universal bank with a wide reach and a strong heritage in the co-operative movement which is active in the key sectors that drive economic growth and job creation such as agribusiness, transport and housing.  3. Demosntration effect: mobilization of funding for the project through the MCCP will encourage other financial institutions and companies to raise capital through syndication thereby deepening access to growth capital.  4. Affordable housing: the project will enable the Bank provide mortgages hence reducing the housing deficit in Kenya by increasing affordable housing.
AMSME Bank of Africa - Kenya The proposed project comprises of a 7 year subordinated tier II qualifying loan of up to US$8 million, with a 5 year grace period for principal (the Loan) and a 1 year trade finance facility of up to US$5 million under the IFC Global Trade Finance Program (the Trade Facility, and together with the Loan, the IFC Investment) to Bank of Africa Kenya Limited (BOA Kenya or the Bank). The IFC Investment will be combined with an advisory services program to the Bank under the Africa Micro Small Medium Enterprise Finance Program (AMSME Finance Program or the Program). The IFC Investment will support the Banks efforts to expand its lending activities in the Kenyan SME sector, and help build its capacity to serve the sector profitably. SME Lending Expansion: The project is expected to enhance BOA Kenyas focus on SME lending and strengthen its capacity to adequately serve this segment of the banking market. The project will also enable the Bank to offer wider financing options to Kenyan SMEs, and hence encourage expansion of SME lending to this underserved yet key segment of the Kenyan economy. Such financing will be crucial for the sustainable development of the private sector across the country that results in improved economic development and poverty reduction.

Demonstration Effect: The project will have a demonstration effect for other banks to diversify into the SME segment. In addition, BOA Kenya will have to comply with IFCs environmental and social management standards. Compliance with these standards will improve the Banks environmental and social profile and create a demonstration effect for other banks.
Project Hippo <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:12.95pt">  The Project involves the
establishment of a special purpose vehicle, Hospital Holding Investments B.V
(HHI or the Company), a company set up by an IFC investee fund, Investment
Fund for Health in Africa II (IFHA-II or the Sponsor), to finance the
acquisition and integration of targeted healthcare services businesses in East
and Southern Africa. - Access to quality healthcare: The Project is expected to increase access to affordable, quality healthcare and specialist services in East and Southern Africa, where there is an undersupply and increasing demand across all income groups.
- Build critical healthcare infrastructure: Through the construction and set up of new clinics and hospitals, this Project will go a long way in increasing and improving the much-needed healthcare infrastructure in East and Southern Africa. The Company is expected to create an additional 300 to 400 new beds.
- Employment: The Project is expected to create direct and indirect skilled employment at each of the businesses.
AEF AAR Health Services Limited, kenya SUMMARY OF  PROJECT INFORMATION (SPI)    Project name:		:	Kenya-AAR Health Services    Region			:	Sub-Saharan Africa   Sector			:	Health   Project No:			:	008632   Projected Board Date	:	March 31, 1998   Company Name		:	AAR Health Services Limited   Technical Partners and/or Major Shareholders:	Mr. Bengt Beckmann, the founder and Jonas Jochnick, a Swedish businessman are the major shareholders. Mr. Beckmann with the assistance of a professional management team runs the Company.   Project Cost including proposed IFC Investment:   	Project cost	:	US$ 1 million   	IFC Investment	:	US$ 0.5 million   Location of Project and Description of Site:  The project is to provide working capital and equip medical clinics in suburbs of Nairobi, Kenya.    Description of company and purpose of Project:   AAR is a managed health care organization providing in-patient hospital cover and out-patient health services at five AAR owned medical clinics in Kenya and Uganda.      IFC Role is to provide equity financing and play   a catalytic role  .   IFC is one of the very few sources of institutional equity financing in Kenya.  IFCs participation will broaden the shareholding and provide the Company with credibility and enhance  AARs ability to enter the larger East African market. IFCs participation will help attract other institutional investors. The project has strong development impact as it: supports the expansion of health services throughout East Africa; introduces more competition thereby leading to better quality and more affordable health services; serves to uplift the quality of life of many people who for the first time will have medical coverage; creates operational jobs  with the attendant training, improvement in environmental, health and safety standards; and reduces the burden on the already over stretched public health services sector.    Environmental Categories and Issues: This is a category B project.  Key environmental mitigation measures include incineration of all pathogenic, infectious and hazardous waste, no usage of cytotoxic or genotoxic drugs, all unused and expired drugs are returned to suppliers, adequate fire safety protection measures in the medical clinics and medical checks and sanitation training for all clinic employees. Detailed information is available in the ERS, to be at the PIC before December 31, 1997.   Date SPI sent to PIC:		November 26, 1997   This Summary of Project Information (SPI) 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).
Maris: ALP Project Africa Logistics Properties Holding (ALP) is an investment vehicle which has been setup to develop and manage Grade A warehousing space in sub-Saharan Africa (SSA). ALP aims to design international standard solutions that meet the demand from multinational and local operators alike, which will help contribute to the efficiency of the overall logistics industry in the region. For the first phase of this project, ALP is raising US$65-70mm to develop three key strategic sites around Nairobi. All three sites will be new developments. The creation of ALP will encourage capital inflows from institutional investors into the Kenyan warehouse sector. Through using this capital to develop new warehouses, as well as to acquire and improve existing properties, in Kenya, ALP will contribute to the development of the quality of warehouse infrastructure in the country. The limited availability of high-quality business infrastructure, including warehouses, has been identified as a constraint to private sector and economic development throughout SSA and in Kenya in particular. It is expected that the modern efficient warehouse infrastructure developed with ALP''s support in Kenya will result in improved business efficiencies, as well as in lower operational costs and waste in the supply chain, and cultivate linkages with a broad range of local businesses.
EBK Sub Loan II The proposed investment consists of a 7-year Tier 2, Basel II-compliant subordinated loan of up to US$165 million to Equity Bank Kenya Limited (EBK or the Bank). The investment will enhance the Banks regulatory capital and support its lending operations to climate smart projects and small and medium enterprises (SMEs) in Kenya. The most significant expected project-level outcome is improved accessibility of SME and climate finance. Beyond the Project, IFC anticipates that - as part of IFC's broader systemic approach to strengthen the capital base of leading and regionally important banks in Kenya - it has the potential to promote greater banking sector resilience that will contribute to regional financial market stability and help the market withstand shocks by boosting capital adequacy.
Bidco Bev. & Det Bidco Oil Refineries Limited (BORL, Bidco or the Company) is one of East Africas leading fast moving consumer goods (FMCG) company which generates revenues from the sale of edible oils, cooking fats, soaps, detergents, animal feeds and baking powder.  Bidco is constructing new facilities to expand its production capacity in FMCG products. 1)	Farmers Reached: The Project will reach over 20,000 smallholder farmers supplying into Bidco''s supply chain.    2)	Support of basic hygiene needs: The Project will increase the supply of affordable quality detergent, which is a basic hygiene need and helps prevent diseases.    3)	Private sector development: through support of local suppliers of inputs and general suppliers. 4)	Serving the BOP: Bidco has a rich history of providing benefits to the lower income, Bottom of the Pyramid ("BOP") segment of the East African market by delivering quality products at affordable prices.