devinitorg/iati-policy-markers huggingface dataset:
National Cement Company 0  0  0  0  0  0  0  0  0.0000       The Project will increase   National Cement Company Ltd.s (NCCL) clinker nominal capacity from 1.1   m  illion tons per annum (  mtpa  )   to 2.  9     mtpa   and cement   grinding   capacity from 2.1   (  m  tpa  )   to 3.0   mtpa   in Kenya and   will   introduce 0.8   mtpa     new cement   capacity   through its sister company, National Cement Company Uganda Ltd (NCCL Uganda). The Project (i) reduces cement prices to end-customers; (ii) promotes market competitiveness via the introduction of efficient processes; (iii) 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; (iv) significantly increases the domestic business with local suppliers in both countries; (v) supports the domestic value addition to abundantly available natural resources (i.e. pozzolana, limestone and gypsum) in Kenya and Uganda; (vi) creates 496 new direct jobs (323 in Kenya and 173 Uganda), and support an additional 39,000 indirect and induced jobs in Kenya and 29,700 in Uganda through forward linkages; (vii) generates a positive and strong Life-of-Project Economic Return on Invested Capital; and (viii) achieves a positive environmental effect with CO2 emissions per ton of cement produced expected to be 10% lower thanks to the use of more efficient technology.
Kenya Airways Privatized in 1996, Kenya Airways is the national flag carrier of Kenya. With Nairobis Jomo Kenyatta International Airport as its hub, Kenya Airways provides passenger and cargo services linking international and domestic destinations. The company has ordered two B777-200ERs as part of its fleet renewal program that commenced in 1997. 

The purpose of the project is to provide the requisite pre-delivery financing for the new aircrafts. This would allow Kenya Airways to continue its fleet modernization program and realize its goal of becoming an African world-class private carrier. Tourism is a major contributor to Kenyas GDP and is the countrys second largest foreign-exchange generator. The project would provide logistics support for the development of the sector and also positively impact the growth of trade and industry through increased traffic flows and greater accessibility to the country and the region. A strengthened airline industry could also benefit job creation and retention, with travel and tourism employment currently represents almost 8% of the countrys total employment.

With the current difficult global climate for the aviation sector resulting from heightened security concerns, depressed passenger traffic and higher operating costs post September 11, the availability of aviation financing in the region is in shorter supply, and IFCs investment could help bridge such financing gap.
Development Bank of Kenya Summary Of Project Information (SPI)       Project Name    Kenya-Development Bank of Kenya Limited              Region    Sub-Saharan Africa        Sector       Project No008611   Projected Board DateJune 1, 1998   Company NameDevelopment Bank of Kenya Limited   Technical Partner and/or Major Shareholders    	The major shareholders of Development Bank of Kenya are:  ICDC (30.5%), DEG (28.8%), FMO 22.8%, CDC 10.7%% and IFC (7.2%)    Project Cost Including proposed IFC investment    	US$10 million    Location of project and Description of site    	Kenya    Description of Company and Purpose of Project    	The project involves an IFC term-loan of up to US$10 million to Development Bank of Kenya (DBK) to be on-lent to export-oriented enterprises in the productive sectors of the Kenyan economy.  The IFC loan would serve to channel much-needed foreign exchange term-finance resources to fund the expansion needs of private Kenyan enterprises.    Environmental Category and Issues    	This is a Category FI project according to IFCs environmental Review Procedures.  For relevant project finance operations, DBK 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 DBK, IFC will asses DBKs 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    Revised Oct. 27 to reflect accurate country.
Faulu Kenya Limited Faulu Kenya is one of the largest Non Bank Financial Institutions (NBFI) in Kenya. Initially Faulu Kenya focused on micro enterprise lending in Mathare slums of Nairobi.  However, over the last 17 years, as lending methodologies and systems were improved, Faulu Kenya grew to become a company with 31 branches and a presence in most districts of Kenya.

The objective of this project is to support Faulu Kenya as it transforms from a credit only institution to a regulated deposit taking institution.  This transformation is characterized both by the development of a broader product offering as well as by the formalization of the shareholding structure and regulatory framework the institution adheres to.   The addition of liability products will provide secure savings to clients as well as more control over funding and asset liability management for the institution.  The shareholding structure will evolve, as the original NGO founder will be reduced from a majority owner to a minority shareholder, bringing a more commercial ownership and governance structure to match the more formal role Faulu Kenya will play in the financial sector.  

The proposed project consists of local currency debt (up to KSH 450 million, USD6 million equivalent) with warrants (for up to a 19.9% equity stake approximately equivalent to KSH 200 million or USD 2.7 million on a fully diluted basis). This project will have a high development impact considering that microfinance has been shown to play a major positive role in reducing poverty and unemployment in developing countries.  This initiative will provide more options to micro and small entrepreneurs by broadening the selection of regulated microfinance institutions.  With a footprint in every district in Kenya, Faulu Kenya will now be able to provide secure savings to both urban and rural clients and promote competition in the formal market currently dominated by a few large banks.  

Development impact will be measured on the basis of financial and operational performance of the institution and its expanded product offering, adherence to sound corporate and social governance (including environmental compliance), the characteristics of beneficiaries/clients, and the performance of IFCs invested capital.
Kenya Refugee and Host Communities RSF The proposed investment consists of an unfunded Risk Sharing Facility (RSF) to Equity Bank (Kenya) Limited (EBK or the Bank) for a maximum portfolio of up to US$20 million. IFC's maximum exposure will be up to 50% or US$10 million equivalent. The RSF will target individuals and micro, small and medium enterprises (MSMEs) in 14 of the most fragile counties in Kenya. The most significant expected project-level outcome of the initiative is the availability of lending to individuals and MSMEs in 14 underserved counties across Kenya, with a specific focus on refugees, host communities, and women. Beyond the Project, IFC envisions a broader positive market effect, foreseeing the potential to foster greater market inclusiveness through demonstration and replication by showcasing the commercial viability of lending to underserved individuals and MSME segments within refugee and host communities. The Project complements several ongoing World Bank Group ("WBG") efforts to increase private sector activity among refugee and host community regions in Kenya.
Gulf African Bank The proposed investment consists of a US$5million equity investment in Gulf African Bank (GAB or the Bank) one of only two fully fledged Islamic banks in Kenya.  The equity investment by IFC will enhance GABs capital strength and provide additional capacity for growth as the Bank expands its SME and Corporate lending business (the Project). In addition to the equity investment, a further US$3 million trade line will be made available by IFC to the Bank under IFCs Global Trade Finance Program (GTFP). The Project provides an opportunity for IFC to partner with a pioneer financial institution that has embarked on developing a sustainable Islamic banking market in Kenya with medium term plans to expand within East Africa. By supporting the expansion of GAB, IFC will seek to achieve strong development impact as demonstrated by: i) increased access to finance for retail, SME and corporate customers; ii) increased targeting of women entrepreneurs to grow the Bank''s portfolio of loans to women run/owned businesses; and   iii) affordable trade finance products for SMEs.
KENYA COMMERCIAL BANK Summary Of Project Information (SPI)       Project Name    Kenya-Kenya Commercial Bank            Region    Sub-Saharan Africa        Sector       Project No007941   Projected Board DateMay 30, 1998   Company NameKenya Commercial Bank   Technical Partner and/or Major Shareholders    	Kenya Commercial Bank    Project Cost Including proposed IFC investment    	US$20 million term-loan    Location of project and Description of site    	Kenya    Description of Company and Purpose of Project   	     The project involves an IFC term-loan of up to US$20 million to Kenya Commercial Bank (KCB) to be on-lent to export-oriented enterprises in the productive Sectors of the Kenyan Economy.     IFCs loan would serve to channel much-needed foreign exchange term-finance resources to fund the operations and expansion needs of private Kenyan enterprises.  In addition, the project will strengthen KCBs position as a leading project financier to indigenous Kenyan private sector firms.    Environmental Category and Issues    	This is a Category FI project according to IFCs environmental procedures.  For relevant project finance operations, KCB will be required to do an environmental review of eligible investee companies operations.  In addition, IFC will asses KCBs capacity to conduct environmental reviews.       Date SPI sent to PIC     November 7, 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
KCB Kenya B2T2 The project consists of an investment of up to US$150 million in KCB Bank Kenya Limited (KCBK or the Bank). The investment will be in the form of a Basel 2 Tier 2 qualifying subordinated loan to enhance the Banks capital position. The proceeds will support the growth of the Banks sustainable climate finance portfolio and scale-up lending to micro, small and medium enterprises (MSMEs), including women-owned SMEs (WSMEs).
KPLC Project The proposed investment supports the implementation of Kenya Power and Lighting Companys (KPLC or the Company) investment program aimed at the expansion of the electricity distribution network throughout Kenya (the Project).  Over the last few years, KPLC has invested over $200 million annually towards improving the quality of supply, expansion of the network, increase in connections and reducing systemic losses. To sustain and improve the gains achieved so far, the Company anticipates additional capital expenditure of up to $450 million over the next 5 years expected to be funded from internal cash generation as well as external resources, e.g. the World Bank, other multilateral agencies, Government of Kenya (GoK), IFC and commercial banks loans. The IFC loan proceeds are expected to be used primarily for investment in distribution infrastructure. The proposed Project is expected to address some of the key challenges faced by the power sector in Kenya and have the following development impact: (i) increased coverage of electricity in the fast growing peri-urban as well as rural areas; (ii) reduction in commercial and technical losses; and (iii) improved quality of service.    Despite the successful sector reforms, electricity supply remains unreliable and penetration rates low. The World Bank''s Africa Infrastructure Country Diagnostic found that the lack of adequate, reliable electricity supply is Kenya''s largest infrastructure challenge and a key constraint to growth. Unreliable electricity supply in recent years has led to an estimated economic losses of up to 2% of GDP or approximately 7% of the annual revenues of Kenyan firms, higher than that in other countries of similar economic development. Interruptions in electricity supply stem mainly from inadequate generation capacity and weak transmission and distribution networks, particularly in areas of high growth in electricity demand.
AEF Bawan Roses (formerly Island Farm) SUMMARY OF PROJECT INFORMATION       Project Name   				Kenya-Island Farm Limited     Region   					Sub-Saharan Africa     Sector   					Agribusiness     Project No   				005142     Company Name   				Island Farm Limited     Location of Project      and Description of Site   		Located on a 170 Ha. coffee estate 50 km north of Nairobi.     Projected Board Date   		July 1, 1995     Description of Company and Purpose of Project       A new company formed specifically to develop the cutflower project.  The project will establish a 3 Ha. roses farm for export of cut flowers to Europe.  It will export up to 5.7 million stems per annum at full production.     Technical Partner and/or Major Shareholders       The project does not have a technical partner.  Its shareholders are:    			Mr. Joseph Wanjui   			Mrs. Wanjui   			Bawan Holdings Ltd. (Family Company)     Project Cost and proposed IFC Investment      			Project Cost:		    US$1.5 million equivalent     			IFC Investment-Loan:    US$500,000     Environmental Categories and Issues       This is an environmental category B project.  Key issues associated with this project include pesticides handling and application, water supply, CFCs, provision of protective equipment and training, and disposal of used pesticides containers.  The sponsors have submitted a management plan addressing the issues listed above and have committed to comply with all applicable World Bank and local guidelines. An ERS, summarising the sponsor''s management plan and key mitigative measures will be released to the PIC on June 7, 1995.     Date SPI sent to PIC   :		June 5, 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).
Equity Bank Ltd The proposed engagement with Equity Bank Limited (EBL or the Bank) is aligned to IFCs strategy for the East African financial sector. The Project consists of a US$100 million senior loan to EBL, to help the Bank grow its lending to Micro, Small and Medium Enterprises (MSME), women entrepreneurs and the agricultural sector, and to support its regional expansion in East Africa. EBL is a commercial bank providing inclusive financial services with a specific focus on the underserved populations in Kenya, Uganda and South Sudan, with a customer base of 6.3 million majority of them small savers and an asset base of close to US$ 2 billion as of June 30, 2011.In addition to traditional brick and mortar outlets the bank has rolled out multiple delivery channels including ATMs, cash back services and POS to increase access to financial services. The bank recently rolled out mobile banking and agency banking which will take banking services to the remote areas and further increase access. The project is expected to:    i) Support Lending and Growth in the East African Market:   Equity Bank has a wide distribution network in East Africa with subsidiaries in Uganda and South Sudan, offering financial services to the large unbanked population. The Project will support the Banks continued growth ultimately contributing to renewed economic activity in East Africa.   (ii) Increased Access to Finance for SMEs:    SME''s are a key growth sector for EBL. IFC will assist with SME development beyond financing to include advisory services for key aspects of its SME operations including lending to the agricultural sector and women entrepreneurs. The expected improvement in access to finance for SMEs will help to generate employment at the grass roots level and further facilitate regional trade which is expected to grow rapidly following the economic integration of the East African Community.    (iii) Support regional Expansion and integration   IFC''s engagement with EBL will its regional expansion strategy and contribute to increased competition and service in the regional banking sector. This will strengthen the regional economy and contribute to the success of the newly created economic community.   (iv) Increased Financial Inclusion at the bottom of the pyramid   Equity Banks has a clear focus and commitment to increasing financial inclusion at the bottom of the pyramid through new and innovative products and services. IFCs investment will support the Banks growth strategy and allow it to reach even more customers at the bottom of the pyramid.
KTDA Project Kenya Tea Development Agency (Holdings) Ltd (KTDA or the Company) is a holding company which generates revenues from its operating subsidiaries which are involved in tea warehousing, tea sales to export and domestic markets, and various services provided to the 65 factories.  KTDA is constructing a new state-of-the-art 200,000 square feet warehouse complex to replace 50% of its current warehousing space which is leased from 3rd parties. 1)	Farmers Reached:  The project will reach tea farmers and further strengthen KTDA which serves as a good model for smallholder supported enterprises. 2)	Support a key export sector which benefits the Kenyan economy.
Ascent Fund II The proposed project is for an equity investment of up to USD$10 million in Ascent Rift Valley Fund II L.P. (the Fund), a 10-year closed-end generalist private equity fund targeting small and medium companies in Ethiopia, Kenya, Uganda, Tanzania and Rwanda. The Fund is seeking to raise USD$120 million of total committed capital
Zhende Kenya Zhende Medical Co. Ltd. (Zhende or the Company) is a leading medical supplies manufacturer in China and has played a crucial role in protecting front-line healthcare workers worldwide during the pandemic by providing critical medical supplies, including personal protective equipment (PPE), surgical gowns and masks.  The Company is planning to construct a medical supply manufacturing plant near Nairobi, Kenya. This facility will primarily produce medical supplies such as gowns, gauze, syringes, and other basic medical consumables for the region. The proposed IFC loan is a A loan of up to US$70 million equivalent. Project level: benefits to consumers from the production of medical consumables; job creation along with skill training opportunities for the local industry in Kenya.
Market level: market resilience via demonstration and replication channels.
AEF Multi Hauliers (EA) Limited SUMMARY OF PROJECT INFORMATION    Project Name			Kenya  Multiple Hauliers (EA) Limited    Region				Sub Saharan Africa    Sector				Infrastructure    Project No				009058    Projected Board Date		June 30, 1998    Company Name			Multiple Hauliers (EA) Limited    Technical Partner and/or Major Shareholders    The shareholders are Mr. Rajinder Singh Baryan, Mr. Amrik Singh Heer,  and Mr. Tarlochan Singh Heer.     Project Cost Including proposed IFC investment    	Project cost	-	US$5 million   	IFC loan		-	US$1 million    Location of project and Description of Site    Nairobis industrial Area. A four acre leased yard with workshop and offices.    Description of Company and Purpose of Project    Operates a fleet of 96 prime movers with tanker or cargo trailers.  The company is expanding its operations, driven by increasing demand for oil products in Uganda and in the landlocked countries of Rwanda, Burundi and Zaire. The company has contracts with major oil companies for transportation of fuel.    Environmental Category and Issues    	This is an environmental review category B project; principal issues involve: vehicle maintenance, cargo screening, workshop waste disposal, fuel storage, general liquid and solid waste disposal, fire safety and emergency response, CFC-free cold storage, and employee training and safety.  The sponsor has presented plans to address these issues and demonstrate that the proposed project will comply with applicable governmental and World Bank requirements.  MHEA will carry the maintenance of the vehicles in accordance to manufacturers recommendations and will be provided on a monthly basis.  The vehicles will be subject to annual Governmental inspections.  Vehicles air emissions will be controlled by regular calibration of all fuel injection systems by Bosch of Germany.  The loading and unloading of material will be under stringent Shell Uganda Limited and Total Uganda limited safety and environmental regulations and standards.  All transported material will be verified by the customs authorities in Mombassa.  All vehicles will be equipped with fire extinguishers and first aid kits.  Fuel storage tanks will have adequate secondary containment, and will be supervised periodically by experts.  Employees will undergo training in defense driving techniques.  The company has an established emergency and preparedness plan.    The Environmental Review Summary is expected to be available from the Public Information center by June 1, 1998.	    Date SPI sent to PIC	May 29, 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).
I&M II Project The proposed project is part of a funding package to I&M Bank Ltd, Kenya (I&M or The Bank). The project is aligned to IFCs financial markets strategy for Kenya and is aimed at supporting I&M in providing long-term financing to SMEs and the agribusiness sector in Kenya. The project will also contribute to expanding banking services outside of the main urban cities in line with the countrys new devolved governance structure.  This will be achieved by leveraging I&Ms strong brand positioning and distribution capacity. i.	Enhance access to finance for SMEs and the agribusiness sector: The Project will allow I&M to grow its SME and agribusiness portfolio and provide these two crucial segments of the economy with access to longer term funding, enabling them to undertake investment projects with more appropriate financing structures. ii.	Generate a demonstration effect: The Project is expected to lead other financial institutions take a more active role in the SME and agribusiness financing arena, thus increasing access to finance for these priority sectors. iii.	Enhancing regional competition and service.  The project will contribute to the success of the East African economic community by supporting a systemic local bank that has a growing regional footprint.