devinitorg/iati-policy-markers huggingface dataset:
Pan-African Investment Partners II Limited Pan-African Investment Partners II Limited (PAIP II or the Fund) is a private equity fund seeking to raise up to $500 million for investments in high growth companies throughout Sub-Saharan Africa as well as North Africa. The Fund, managed by Kingdom Zephyr Africa Management Company ("KZAM" or "Kingdom Zephyr or the Manager) is a follow-on fund of Pan-African Investment Partners Limited (PAIP I or Fund I), a $122 million fund created in 2003, in which IFC invested $30.5 million as cornerstone/lead investor. The Fund will make 12-15 privately-negotiated equity and equity-related investments in fast- growing companies in sectors such as financial services; telecommunication, media & technology (TMT); manufacturing; construction services, and consumer products & retail. The Fund is expected to deliver strong development impact by:    - Encouraging economic development in general, and private sector development in particular, by investing in high-growth companies which is expected to lead to above-average rates of job creation; - Providing much needed growth and expansion capital and value-enhancing advice to companies located in IDA/frontier-countries throughout Africa; - Improving companies sustainable development by helping to implement best practice corporate governance and environmental and social standards; and - Facilitating regional integration by helping companies to expand their operations in neighboring countries and brokering partnerships and mergers & acquisitions among private sector players in the region.
Capital Alliance Private Equity II, L.P. Capital Alliance Private Equity II, Limited (CAPE II) is a 10-year closed-end regional private equity fund formed by African Capital Alliance, Ltd.  The Fund will make privately negotiated equity and equity-linked investments in businesses located in West Africa, principally in Nigeria.  The Fund aims to take advantage of trends in the local market by partnering with strong management teams or international investors.

The Fund is targeting total capital commitments of $100 million.
Olam-Africa Olam International Limited (Olam or the company) is an international integrated supplier of both raw and processed agricultural commodities headquartered in Singapore with over 2,300 employees worldwide.  Olam operates in 35 countries (primarily in sub-Saharan Africa and Asia) and in nine major agricultural products: cocoa, rice, cashew, cotton, coffee, timber, sugar, sesame and shea nut.  The company is involved in varying degrees across the total product supply chain, which can include procurement as close to farmgate as possible, primary processing, inland transport, warehousing, marine transport, and distribution -- using a network of local buying agents, primary processing facilities and logistics. The proposed IFC investment will help strengthen Olams balance sheet and support its operations.  IFC''s financing is therefore expected to help enhance and expand Olam''s activities in frontier countries including Ghana, Cameroon, Gabon, Nigeria, Indonesia, Vietnam and Uzbekistan.
Medlog Project The Project will provide financing to Medlog S.A. (Medlog or the Company) to expand its logistics operations globally by (i) investing in hard assets (e.g. land, warehouses, trucks, etc.) and (ii) developing additional services (e.g. customs clearance, digitization, blockchain technology, etc.) as needed for its markets which are eligible under IFCs financing (the Project). Medlog is part of the cargo division of MSC Mediterranean Shipping Company Holding S.A. (MSC or the Group), the worlds second largest container shipping line.
Safal Investments (Mauritius) Ltd Safal Investments Mauritius Limited (Safal) is a holding company that owns downstream steel coating facilities and roll-forming units in several countries, all in Eastern and Southern Africa (Safal Group).  Safal does not produce steel but sources steel, mainly hot rolled coil, in the competitive world steel market and processes it further to make cold rolled and coated steel and various applications of these products.  Safal has developed a competence in the niche market segment of thin gauge coated steel, which is an effective roofing product for low/middle income housing in Africa.   The proposed investment will expand the existing manufacturing operations in Kenya and Tanzania and establish a greenfield operation in South Africa. The project will serve growing demand for roofing materials across Eastern and Southern Africa. The project will increase the availability of high quality competitively priced roofing products for the low/middle income households across Eastern and Southern Africa.  The project will benefit from the management expertise of a strong sponsor, who has significant technological know-how both in investment and production.  It will also create direct job opportunities, for about 500 employees, who will benefit from Safals well developed training scheme.   Safal has been active in providing services to the community. As part of the project and based on its successful experience in Kenya and Uganda, Safal is looking to establish a third clinic at its Tanzanian manufacturing site as well as expand the curriculum at the technical school as a component of the proposed project.
AfricInvest II The project team proposes to make an investment of the lesser of 20 million (about $28.8 million) or 20% of the total committed capital in AfricInvest II Fund (AfricInvest II or the Fund), a 120 million (about $170 million) fund that will target investments in small and mid-size companies, primarily in West and Central Africa.  The Fund will seek controlling or significant minority positions in a portfolio of commercial and industrial companies with annual turnover of up to $50 million (40 million) in sectors such us micro finance, education, agribusiness, pharmaceuticals, leasing, insurance, IT, telecom, mining, consumer finance and commercial banking.  Based on the existing pipeline, 60% of AfricInvest II target companies fall within the Word Bank Group Small and Medium Enterprise (SME) definition i.e., annual revenue and total assets up to $15 million and less than 300 employees.  The investment strategy of AfricInvest II involves substantial value-add from the Fund Manager to the operations of the companies, direct support to management, financial restructuring and close monitoring. - The Fund anticipates contributing to the private sector of several sub-Saharan countries by strengthening and improving the sustainability of at least 15 to 20 companies.  Based on the existing pipeline, 60% of the target companies are SMEs that need substantial hand-holding and financial resources to become competitive businesses. - The Fund is also expected to invest in high-growth mid-size companies leading to increased employment rates at a rate higher than the local average. - The Fund will also contribute to improve corporate governance and transparency in its portfolio companies helping them to become listed companies in the local stock exchange.  - The Fund has adopted the IFC environmental performance standards and is expected to help improve the environmental management of its portfolio companies.
Africa MSME Finance Program IFC will be seeking its Board approval of $13.0 million allocation from the Funding Mechanism for Technical Assitance and Advisory Services (FMTAAS) to finance the Africa Micro, Small and Medium Enterprise (MSME) Finance Program. The Program is to support MSME finance know-how transfer through 2 years of on-site institution building work in IFC client financial institutions, to be conducted by a select group of advisory firms. The Program will initially be launched for about 15 banks in at least five countries in sub-Saharan Africa. If the initial roll-out proves successful, then the Program will be scaled up to as many as 15 more banks The ultimate objective of the Program is to deepen and broaden the African financial sector and to raise the standard of financial services provided to MSMEs.
Celtel Africa Celtel International B.V. (Celtel or the company) is a holding company that focuses on pan-African cellular operations.  Celtel is a long-standing IFC client and was awarded the first IFC Client Leadership Award in 2004 for its commitment to best practice in corporate governance, environmental and social sustainability.  The company has over 16 million subscribers covering fourteen countries in Sub-Saharan Africa (Burkina Faso, Chad, Congo Brazzaville, Congo DR, Gabon, Kenya, Madagascar, Malawi, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia).  The project consists primarily of expanding and upgrading well established and fast growing mobile networks in five of Celtel operating subsidiaries. The subsidiaries are located in the Democratic Republic of Congo (DRC), Madagascar, Malawi, Sierra Leone and Uganda. These are post-conflict and frontier countries with low tele-penetration and where there is significant unmet demand and potential growth. The project is also structured to refinance some existing Celtel shareholder loans, the proceed of which will be used to fund capital expenditures in its other subsidiaries in Sub-Saharan Africa, and for acquisitions purposes. The telecommunications markets in DRC, Madagascar, Malawi, Sierra Leone and Uganda are defined by low penetration rates, obsolete and inadequate fixed-line networks, lack of standard regulations, underdevelopment, high tariffs and low digitization.  The Project would help to improve and expand the telecommunications networks in these countries.  It would help modernize telecommunications technology in some regions, while in other regions it would help promote competition by making cellular communications more affordable and available to larger segments of the population.  Greater availability of services and improvement of telecom service quality would greatly increase the overall business efficiency in these countries, thereby encouraging investment in other sectors, promoting economic growth, and providing a greater array and quality of information sources to emerging commercial and social activities.
CITICC Project IFC is considering an investment in partnership with CITIC Construction Co., Limited (CITICC) to establish a greenfield holding company (the Platform) to facilitate the development of affordable housing projects in Sub-Saharan Africa (the Project). The Project will have the following development impacts: (i) Increase affordable housing supply thereby contributing to the alleviation of the current housing deficit in Sub-Saharan Africa; (ii) Create thousands of both direct and indirect jobs during construction and the operating phase of the housing communities; (iii) Transform the affordable housing sector by demonstrating the viability and affordability of this sector whilst maintaining IFC''s environmental and social standards; (iv) Enhance local supply linkages through sourcing from local suppliers and creating critical mass of market demand to justify local manufacturing capacity build-up; and  (v) Contribute to more sustainable urbanization through providing much needed urban infrastructure in good quality and at fair cost.
AKFED Aviation The Aga Khan Fund for Economic Development (AKFED), through its Aviation Services division (the Division), is currently expanding its activities in both East and West Africa.  The aim of the Division is to assist in maintaining the critical aviation infrastructure in support of economic development and to provide much needed regional airline services in Africa.  The Project would consist of a corporate loan of up to $25 million to AKFED for on-lending to its three airlines: Air Burkina, Air Mali and Air Uganda, to allow AKFED to consolidate all of the Divisions airline and aviation activities and optimize routing, synergies and overall effectiveness across the groups airline operations. Africa suffers from significant investments deficits in infrastructure (transport, power, and utility) that are hampering the regions ability to grow, compete, and reduce poverty. These infrastructure needs are expected to become even more significant in the context of further regional economic growth. Private sector involvement is required in order to address the infrastructure challenge and to assist in maintaining critical aviation infrastructure.   Safe, efficient, good quality and affordable airline service is vital to Africa, given the substantial distances between urban centers, and inadequate rail and road infrastructure. Once fully operational, the Divisions aviation activities will be an important part of Africas aviation infrastructure, providing essential, safe, reliable commercially scheduled air transport services in the region. Moreover, the Divisions wide network and coverage of cities throughout East and West Africa will further enhance access to remote areas, thereby aiding in their economic development.    The proposed Project is expected to promote inter-regional and international trade in the region. Additionally, the Project is also expected to provide a boost to tourism.  Continued trade and economic growth in Africa is contingent on further investments and improvements in regional transport infrastructure and services. The Divisions operation will fill the service gap that exists today and will result in increased frequencies for existing destinations as well as the addition of new destinations, better passenger service and improved efficiency and safety. Such improvements will increase the connectivity, competitiveness and attractiveness of these countries economies. Moreover, the proposed Project will support regional integration by assisting the development and expansion of a group of regional airlines.
Africa Infrastructure Fund (Mgmt Co Project 9721) Summary Of Project Information (SPI)       Project Name:    Sub-Saharan Africa: Africa Infrastructure Fund      Region:Sub-Saharan Africa   Sector:   Project No:009194   Projected Board Date:April 15, 1999   Company Name:Africa Infrastructure Fund   Technical Partner and/or Major Shareholders    	American International Group (AIG)    	Emerging Markets Partnsherhip (EMP) as the Fund Advisor    Project Cost Including proposed IFC investment    	US$500 million equivalent. IFC proposes to invest US$100 million, of which (i) US$75 million, representing approximately 15% of the targeted Fund and (ii)US$25 million in investment authority to exercise co-investment rights alongside AIF.     Location of project and Description of site    	Fund to be domiciled in Mauritius.    	The Fund will invest in selected countries in Africa.    Description of Company and Purpose of Project    	The project consists of the formation of a closed-end private equity fund which will be established as a limited partnership in Mauritius.  The objective of the African Infrastructure Fund (AIF, or the Fund) is to invest for long-term capital appreciation through equity, quasi-equity and convertible debt instruments in infrastructure projects and infrastructure-related industries in Africa.  The target size of the Fund is US$500 million, and the target rate of return is 20-25 percent per annum.  The Fund will therefore be the leader in the rapidly developing field of private investment in infrastructure services in Africa.This project is designed to achieve several developmental impacts: to provide a significant funding source for infrastructure investment in Africa, to stimulate foreign investment in Africa, to lead to institutional development in the infrastructure sector in Africa, and to promote capital markets development in African countries. IFCs presence as an initial investor, and its shareholding in the Management Company, are expected to increase the credibility and marketability of the Fund and thus assist the sponsors in mobilizing funds from strategic and institutional investors from around the globe.    Environmental Category and Issues    	This is an environmental review category FI project. The Manager will be required to undertake an environmental review of eligible investee companies environmental performance and each investee companys compliance with World Bank policies and guidelines.  In addition, IFC will assess the Managers capability to carry out environmental reviews on each investee company.     The  is  from the InfoShop.       Date SPI sent to InfoShop:    March 15, 1999      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
Emerging Markets Communications, Inc. Emerging Markets Communications (EMC or the Company) provides mission-critical, end-to-end communications solutions to governments, non-governmental organizations (NGOs) and multinational corporations operating in remote regions of the globe. Specifically, the Companys services include voice, data, email, video and broadband internet access and applications.  The project consists of (i) the scaling up and expansion, and (ii) the balance sheet strengthening, of EMCs VSAT telecoms network serving isolated areas of emerging markets.  EMC provides global satellite communication using a high quality, fully managed network.  The Company began its activities in 2002. Improve productivity through connectivity:  The impact of increased and affordable access to communications and data services is widely acknowledged, with far reaching benefits in terms of private and public sector productivity, including market information, education, tele-medicine and extending financial services to the frontier.      Increased coverage: EMC has the capacity to deliver fully managed, end-to-end solutions in difficult countries and regions where satellite technology is the best or only alternative.     Broader range of services:  Further to basic data and voice, EMC can support more sophisticated applications, processes and corporate software solutions such as SAP and Oracle.    Enhance competition:  Often, EMC is the only viable alternative to the incumbent telecomsoperator.  Supporting EMC helps increase competition and provides comfort to many f its customers that sensitive communications will be handled with privacy.     Reduction in travel/carbon footprint:   EMCs Video-on-Demand solution to be deployed in 2011 will allow customers to collaborate with their colleagues, clients and suppliers without the need to physically travel in and out of remote locations.    Vulnerable ultimate beneficiaries:  Clients in main vertical (development agencies / NGOs, accounting for 54% of revenues), directly target the base of pyramid, especially in Africa.  These institutions reach would be limited without the services of specialized niche providers such as EMC.     Quick deployments:  EMC has a custom-designed solution allowing fast, tactical implementation of communications links following natural catastrophes (i.e., most recently in the Haiti and Chile earthquakes). EMC''s personnel, a team of highly trained and experienced professionals, is available and ready to deploy and implement satellite services within 48 hours thanks to a stock of pre-staged equipment at regional offices across all continents.     Business continuity:  Strategically located infrastructure ensures business continuity / disaster recovery through redundant links and ample data center capacity. Remaining operational during a disaster makes the difference between financial sustainability and extensive losses for any public or private corporation.
Investec Africa Private Equity Fund 2 The proposed investment involves an equity investment by IFC of up to US$30 million in the Investec Africa Private Equity Fund 2 (Investec II or the Fund), a 10 year closed-end mid-cap growth fund seeking to raise up to $350 million in third party commitments. Investec II is a generalist fund that aims to make equity and equity-related investments in African companies. It is a successor fund to the Investec Africa Frontier Private Equity Fund (Fund I), a 2008 vintage fund with total commitments of US$155 million that is largely committed and with a performing portfolio.  The Funds investment strategy is mid-market targeting deal sizes of US$15-40 million, with investment in a single portfolio company capped at 20%. The Fund is Pan-African, with a strategy that focuses on investing in established businesses where the Fund can invest new capital to help them expand regionally through organic or inorganic means. This is the same strategy that the Manager has successfully used in the Fund I. The Fund will achieve development impact on its investees by: 1) Encouraging economic and financial sector development in viable sectors and companies; 2) Supporting a Pan-African emerging fund manager; 3) Supporting regional integration through value-building and business models that are scalable regionally and across Africa; 4) Ensuring appropriate governance structures are in place and providing hands-on monitoring and guidance to the management of investee companies.
Wave Debt Project The Project consists in a financing package of up to EUR130 million to Wave Mobile Money S.A. (Senegal entity) and Wave Côte dIvoire S.A. (the Co-Borrowers), mobile money companies offering cash deposit, withdrawal, money transfer, merchant and bill payments. The Co-Borrowers will use the proceeds of the financing to fund their working capital needs, including the pre-financing of agents and bill payments. By supporting Wave Mobile Money SA (Senegal) and Wave Côte d'Ivoire SA, IFC anticipates that the Project will contribute to a larger financial inclusion in countries which record some of the lowest account penetrations globally, by giving customers access to affordable accounts and payment services and allowing them to transact more often due to a simple fee structure and lower transaction costs. Beyond the Project, IFC expects that the investment will contribute to promoting systemic changes in the mobile money markets in Sub-Saharan Africa by allowing Wave Mobile Money group to continue rapidly scaling up its services, which, in turn, will demonstrate to incumbents the viability of a transparent and cheaper pricing structure, pushing them to lower transaction costs and simplify their fee structure.