devinitorg/iati-policy-markers huggingface dataset:
MTN Nigeria MTN Nigeria is a relatively new company, created for the purpose of constructing, owning, maintaining and operating a GSM cellular telecommunications network in Nigeria.  In January/February 2001, MTN Nigeria won 1 of 3 new 15-year licenses awarded through an open auction process as part of an ongoing liberalization of the telecommunications sector assisted by the World Bank.  MTN Nigeria began operations in August 2001.  As of February 28, 2002, the company had approximately 250,000 subscribers, and is currently adding on average about 2,000 subscribers per day.  The project will expand the coverage and capacity of MTN Nigeria''s network, and by February 2006, the company expects to have over 1,500,000 subscribers in accordance with its license requirements.    As is the case in many other emerging markets, cellular telecommunications in Nigeria is quickly becoming the primary means of communications in the country.  While there are only approximately 400,000 wireline telephones in service in a country of over 125 million people, in just over 6 months of operations, the cellular operators have built a total base of over 500,000 subscribers.  This trend is expected to continue, and as cellular services expand nation-wide, the improved telecommunications infrastructure is expected to benefit all segments of Nigeria''s economy, as businesses become more efficient and productive simply because they can communicate and conduct basic business transactions more easily.    IFC''s role in this project is two-fold:  (i) to foster competition in the Nigerian telecommunications market in general, and the cellular market in particular, which is expected to lower tariffs and make cellular telecommunications services more affordable to a larger segment of the Nigerian population, and improve the quality of telecommunications services and customer responsiveness; and (ii) to support the liberalization and private sector development of the telecommunications market in Nigeria, started with the World Bank''s assistance of the government in this area, and continued by MIGA''s recent guarantee facility to Econet Nigeria, MTN Nigeria''s primary competitor.
UPDC Company UACN Property Development Company PLC (UPDC or the Company) is a leading Nigerian property development and management company listed on the Lagos stock exchange.  As UPDC continues to grow, IFC will assist in financing its overall capital expenditure and working capital program for 2007 through 2009.  The three-year capital expenditure program includes construction of the Victoria Mall & Plaza consisting of a complex of 36 high-end luxury apartments, a 15-storey office tower, a multi-storey car park with 450 spaces, a shopping center and a 160-room 4-star hotel.  IFCs financing will be used mainly for the Victoria Island Mall Plaza project. The project will have a significant impact on an estimated 1,000 future retailers in the Victoria Island Mall Plaza and 150 office renters who want to rent space in improved or newly available facilities.  It is anticipated that the project will create approximately 200 new jobs with the expansion of UPDCs tenants operations and through the Victoria Island Hotel. The project will also provide small retailers and businesses with a common and improved standard of commercial facilities that will draw more demand for their services.  Nigerias main cities are already seeing improved commercial and residential services thanks to recent construction and renovation.  UPDC will contribute to this trend, complementing new growth with facilities that cater to a cross section of middle to upper end users who look for both value and convenience.
AEF The Moorhouse  Company Limited (TMC) SUMMARY OF PROJECT INFORMATION (SPI)    Project Name:			Nigeria - The Moorhouse Company Limited    Sector:				Hotel and Tourism    Project No.:			007883    Projected Board Date:		June 20, 1997    Company Name:		The Moorhouse Company Limited (TMC)    Description of Company and Purpose of Project:	TMC is a Nigerian incorporated company to own (leasehold), implement and operate the project.  TMC have acquired a 35-year lease from UNDP to refurbish and convert UNDPs guest house, located at Ikoyi, into a 42-room luxury hotel.  The hotel will be ideal for diplomatic missions, other business and tourist travelers, and visiting UNDP staff.  The hotel will provide five-star quality accommodation close to the center of commercial activity in Lagos.     Technical Partner and/or Major Shareholders:  TMC is owned by Messrs. Koye Edu and Gbolly Balogun.  Mr. Edu is a partner in a legal firm, and Mr. Balogun manages Logomat which manufactures doormats with logos and messages inscribed.  Devimco (ACCOR Group) have signed a management contract with TMC to manage and operate the hotel.    Project Cost Including Proposed IFC Investment:  Total project cost is estimated at N400 million (US$5.0 million equivalent).  IFC has been asked to provide a loan of US$1.0 million and equity investment of US$0.3 million.    Location of Project and Description of Site:  Situated at Ikoyi, the hotel will take advantage of its proximity to first-class restaurants, a prestigious golf course, a health club, and other facilities in Ikoyi.    Environmental Category and Issues:  This is an environmental review category B project.  Environmental and safety issues include sewage treatment/disposal, liquid and solid waste disposal, CFCs, fire safety measures, and employee training and general safety.  The sponsor has presented relevant information which address all these issues, mainly for the fire prevention and life safety.  IFC will ensure ongoing compliance with World Bank environmental, health and safety policies and guidelines during the life of the project by evaluating monitoring reports submitted annually to IFC by the Moorhouse and by conducting periodic supervisions.    The Environmental Review Summary has been available at the Public Information Center since May 8, 1997     Date SPI sent to PIC:			May 15, 1997    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).
GTB VI Project Guaranty Trust Bank Plc (GTBank or the Bank) was incorporated and licensed to operate a commercial bank in 1990. In 1996, the Bank became a public company and was listed on the Nigerian Stock Exchange (NSE). In 2001, GTBank was issued a universal banking license from the CBN, allowing it to offer a broad array of financial services, including insurance, asset management, company registration, and mortgage activities.  The Bank issued a Global Depositary Receipt (GDR) and was listed on the London Stock Exchange (LSE) in 2007. In 2011, the Bank divested from its insurance, asset management, and company registrar subsidiaries in line with Central Bank of Nigeria directives mandating banks to divest its holding of non-banking subsidiaries. In 2012, GTBank completed the divestment process of its non-banking subsidiaries by exiting from GT Homes, a primary mortgage institution. Today, GT Bank is a leading full service commercial bank in Nigeria with a network of 227 branches, 49 e-branches, and 1,097 ATMs across Nigeria and offering a wide range of banking and financial services. The Bank has 9 overseas subsidiaries and a presence in 8 African countries.  IFC will offer GTBank a senior loan of up to US$250 million whose purpose will be to support the Banks medium to long term funding requirements. The financing is expected to have the development impact outlined below:  1) Confidence in the Nigerian Banking Sector: GTBank has a strong brand and is widely associated with transparency and disclosure, and financial stability and strength. An investment of this magnitude will send positive signals and improve market confidence in the Nigerian financial sector, including with international investors;   2) Leverage on scope and reach of GTBank''s business into underserved market segments: GTBank  is a well diversified financial institution with a complementary focus in sectors that drive economic growth and job creation such as infrastructure, manufacturing, hospitality, agribusiness and SMEs.  3) Demosntration effect: mobilization of funding for the project will encourage other financial institutions and companies to raise capital through syndication thereby deepening access to growth capital
WCS Crisis Response First City Monument Bank The proposed investment consists of a one-year, renewable unsecured senior loan of up to US$50 million to First City Monument Bank Limited (FCMB or Bank) under the FIG COVID-19 Emergency Response Working Capital Solutions Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. The WCS facility will support the Bank in increasing its lending to FMCG companies importing raw materials, petroleum products, goods and commodities traders, corporates and Small and Medium Enterprises. All projects under the COVID-19 Facility share the same development thesis that, by supporting its clients' capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities.
GTFP Corona. MB The project consists of an investment of up to US$ 40 million in Coronation Merchant Bank (CMB or the Bank) in the form of a trade finance guarantee facility for transactions with tenor up to one year. The project builds on GTFP's global platform, increasing access to trade finance to emerging markets.  The Project will provide increased access to trade finance to the Issuing Bank's customers, including both corporates and SMEs.  On the market side, the project will further connect the Issuing Bank's cross border connections, increasing the country's integration through both financial and real sector channels.  It will help to link more traders to other countries and connect the country's financial markets more deeply.
AEF Courdeau Catering Nigeria, Limited Summary Of Project Information (SPI)       Project Name    Nigeria- Courdeau Catering Nigeria Limited            Region    Sub-Saharan Africa        Sector       Project No007267   Projected Board DateMarch 29, 1996   Company NameCourdeau Catering Nigeria Limited   Technical Partner and/or Major Shareholders    	The project is sponsored by Courdeau Nigeria Ltd., under the C&C Group of Companies.  The MD of Courdeau is Mr. R.R. Chagoury, a highly reputed Nigerian industrialist.     Project Cost Including proposed IFC investment    	Total project cost is estimated at N140.2 million (US$1.65 million equivalent).  IFC has been asked to provide a loan of US$660,000.     Location of project and Description of site.    	The project is located at Trans Amadi, the industrial zone of Port Harcourt, Rivers State.     Description of Company and Purpose of Project    	Courdeau Catering is a new company formed to serve as a preparatory and supply base to existing group catering business; and handle all catering contracts awarded to Courdeau.  It will operate as a unit under Courdeau (Nig.) Ltd.  Courdeau (Nig.) Ltd. is well established in the Nigerian industrial catering industry.  Courdeau (Nig.) Ltd. presently provides large contract services to some of the major oil companies operating in Nigeria.                                                                                                       The project will increase value added by processing food more efficiently through centralization.  The project also provides new opportunities for employment.  By participating in this project, IFC will strengthen the central kitchen concept, which is new in the Nigerian catering industry.    Environmental Category and Issues    	This is a category B project.  Environmental health and safety issues associated with this project include liquid and solid waste disposal, CFCs, housekeeping and hygiene, employee safety and training, and fire protection.  The sponsors are preparing a management plan detailing how the key environmental issues will be addressed; and are  committed to complying with applicable World Bank and local requirements.    The Environmental Review Summary is expected to be available from the Public Information Center in or around March 15, 1996.       Date SPI sent to PIC     February 22, 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).
TIDE Africa II IFC is considering an equity investment of up to US$10 million in TIDE Africa II Limited Partnership (TIDE II). TIDE II is an Africa-focused venture capital fund investing in Seed to Series A tech and tech-enabled companies mainly in East and West Africa. The Funds sectoral focus will mainly be in the fintech, e-logistics, e-supply chain and healthtech space.   This will be the second fund that IFC will be investing in after its US$5 million commitment into TIDE Africa Fund I Limited Partnership (TIDE I) that has so far made investments into 11 tech startups in Kenya, Nigeria and South Africa. IFC expects the project to deliver successful project outcomes, by providing an increase in access to capital for early stage technology companies in capital constrained economies that have the potential to disrupt traditional industries, along with investee growth, which will be supported by TIDE II's value creation strategies. The Project has received an AIMM rating of 76 (Excellent) on account of Very Strong Project Outcomes as a result of the increased access to both equity and operational support for startups mainly in Kenya and Nigeria which serve as critical regional hubs incubating startups than can then scale to serve the broader African markets, especially East and/or West Africa. 

TIDE II is also expected to result in Very Strong Market Outcomes anchored by enhanced integration driven by increased competitiveness of key markets through the support of market-disrupting digital business models. In addition, TIDE II is expected to increase the competitiveness of Sub-Saharan Africa's venture capital market.
DCM Access Bank Total Return Swap The proposed project consists of a senior secured US$-denominated financing of up to US$150 million to Access Bank Plc (the Bank), the largest commercial bank in Nigeria by total assets. The project will enable the Bank to provide working capital and trade finance facilities to enterprises in Nigeria, including Small and Medium Enterprises (SMEs). The project is expected to support the Bank's trade finance business and its capacity to sustain its customers' operations by improving access to stable US$ liquidity / working capital, and thus to benefit the value chains of exporters and other domestic players.
Eagle Eye Echo-Scan Echo-Scan Services Limited (Echo-Scan) is a provider of medical diagnostic services in Nigeria. It currently operates a network of 7 medical diagnostic centres (DC) offering both radiology and pathology services to an average of 250,000 patients per annum of which women and expectant mothers make up  60% and 33% respectively. Key services include Ultrasound, X-ray, CT Scan, Mammogram, EEG, Endoscopy and Cath Lab.  The proposed project is an investment into a new Special Purpose Vehicle (Eagle Eye Echo-Scan) which will acquire Echo-Scan and expand the network across Nigeria. The proposed project will be implemented in phases commencing with the acquisition of Echo-Scan, upgrade/expansion of capacity of the existing DC and expansion of the network to 9 DC during 2014 (the Project). The Project is expected to have a strong development impact for a broad range of stakeholders   (i) Increased availability of quality health diagnosis services   (ii) Improved provision of healthcare in Nigeria - good diagnosis is key to quality healthcare   (iii) Creation of direct and indirect employment for local communities during construction and operation   (iv) Skill transfer in diagnosis center management for the benefit of the local workforce   (v) South - south investment (from India to Nigeria)   (vi) Positive impact on Nigeria''s current account, via foreign exchange saving.
AMSME EBN Project This project comprises a senior loan of up to $25 million or equivalent in Nigerian Naira to Ecobank Nigerial Plc (EBN) under the African Micro Small and Medium Enterprises Program.  EBN was established in Lagos, Nigeria in 1986 as a public limited liability company and was granted banking license in April 1989.   It is a subsidiary of Ecobank Transnational Incorporated (ETI or the Group).    This project is a child project of    ETI Facility (#26109)   , an SPI of which was first published on November 6, 2007 and revised on January 29, 2008. The project is expected to have several key development impacts:   - strengthening the banking sector in Nigeria; - increasing credit access to micro, small and medium enterprises (MSME) and housing sub-sectors; and  - ultimately creating employment opportunities for more people in the Sub-Saharan region.
Interswitch The Project consists of an investment of up to $20 million in InterSwitch Limited (the Company or Interswitch).    Interswitch was formed in 2001 by Techinvest Limited, Accenture and a consortium of seven Nigerian banks to address the need for a nationwide electronic funds transfer, transaction processing and switching entity in the country.  The Company has become the leading switching entity with about the majority of Nigerias e-payment transactions routed through its payments switching infrastructure.  

Interswitch is currently pursuing a strategic redirection and capital expenditure program to take advantage of growth opportunities in the sector and the region.  The program would consist of (i) Phase 1: selling a significant stake of the Company to strategic equity partners/investors; and, Phase 2:  subsequent funding for their 2-3 year capital expenditure program to support expansion in Nigeria and the sub-region.  With this investment, Interswitch will be able to expand beyond the boundaries of its current switching business in Nigeria, and (i) penetrate the unbanked population; (ii) expand regionally; (iii) provide services to a larger addressable market in the region; (iv) penetrate further towards the base of the pyramid, building on its current debit card program and its network of POS devices; and, (v) develop more value added services for the electronic payment segment. Providing a low-cost channel for the poor and people living in rural areas to participate more actively in the economy by providing access to the country's financial infrastructure has been shown to have a positive economic impact for both those populations and the country's economy overall.  Through the Project, Interswitch will enable the Nigerian population, especially the unbanked, (i) have access to easier forms of electronic payments that will reduce cash in circulation, which has been a source of crime, fraud and corruption; and (ii) make themselves eligible for more sophisticated financial services and products.
Kobo360 Project 0  0  0  0  0  0  0  0  0.0000       IFC is considering an equity investment of upto US$ 3 million in Kobo360 Inc (Kobo    ).     Kobo is a long-haul e-logistics B2B platform utilizing an Uber for trucks model to develop a marketplace matching cargo owners with long-haul freight needs and truck owners   who are   able to service them.      Through its internally-developed digital platform, Kobo is disrupting the transportation and logistics market in Nigeria offering a strong value proposition to key stakeholders in the sector including cargo owners, transporters (and drivers) and cargo recipients.      Kobo   optimally matches demand and supply of trucks, providing predictability, reliability, price transparency, and increased utilization of otherwise idle assets in the highly fragmented trucking market in Nigeria.                            Given the strong population growth   expected (Nigeria will be   the third   largest country in the world by 2050), logistics will become even more important to support booming sectors such as manufacturing, a  griculture, commodities, fast moving consumer goods (FMCG),   etc. This Project will result in positive outcomes for the relevant parties in the logistics sector in Nigeria (cargo owners and truck owners/drivers) and the market at large. 

For cargo owners, Kobo's platform offers greater access to logistics services through an aggregated platform thereby addressing capacity challenges in fulfilling market demand. By leveraging technology and eliminating middle-men/brokers, Kobo is able to offer lower prices to cargo owners in a market where logistics costs are 1.4-2.8x higher than in the US. In addition, Kobo offers reliability of delivery to cargo owners through real-time tracking of trucks and goods in transit insurance hence ensuring full traceability of goods. 

For truck owners and drivers, Kobo offers increased capacity utilization through route optimization and return logistics hence higher incomes for drivers as well as faster payment cycles.

As the company scales and aggregates more drivers and cargo owners onto the platform, Kobo will bring more price transparency and efficiency to the broader sector.
Access Tier II The project consists of an investment of up to US$87.5 million in Access Bank PLC (Access Bank or the Bank) in the form of a subordinated loan with a maturity of 10-years, callable after 5 years and with a 5-year grace period. The investment will enhance the Banks regulatory capital and enable to bank to scale up its lending program to micro, small and medium enterprises (MSMEs), including lending operations to women-owned MSMEs and climate smart projects. 1. Combined with Access Bank's merger with Diamond Bank PLC (the largest retail/SME bank in Nigeria), the funding under the proposed project is expected to enable the Bank to leverage its new distribution channels to reach a wider group of MSMEs and women-owned MSMEs by improving accessibility to finance. 2. IFC anticipates that the Project will increase financial access for climate smart investments by providing long-term financing to Access Bank enhance the Bank's capital base thereby enabling it to scale up its lending to corporates with climate-smart activities, as this is in scarce supply in Nigeria. 3. In terms of environmental and social effects, this project will support Nigeria's climate agenda by reducing greenhouse gas emissions. 

Contribution to Market Creation: 1. Inclusiveness: The Project will contribute to a more inclusive MSME finance market by supporting the Bank's capital base to promote market-wide adoption of products across the Bank's network. 2. Sustainability: IFC's engagement with Access Bank will help build capacity in the Nigerian banking system to scale up green financing with the introduction of tools to identity, appraise and report on green assets, as well as green certification standards.