devinitorg/iati-policy-markers huggingface dataset:
First Rand Banking Summary Of Project Information (SPI)       Project Name:    Republic of South Africa-FRB and/or RMBID      Region:Sub-Saharan Africa   Sector:   Project No:007347   Projected Board Date:July 8, 1999   Company Name:First Rand Bank Limited and/or RMB International (Dublin) Limited.   Technical Partner and/or Major Shareholders    	FirstRand Bank Limited (FRB) is a wholly owned subsidiary of FirstRand Bank Holdings, which in turn is wholly owned by FirstRand Limited.  FirstRand Limited is a publicly quoted financial services company on the Johannesburg Stock Exchange.  This is a newly established company, arising from the merger of Rand Merchant Bank Holdings and all the financial services companies, including First National Bank Holdings, of Anglo-American Corporation.   Principal shareholders in the FirstRand Group are Anglo-American Corporation of South Africa (23.4%) and Rand Merchant Bank Holdings (25%).  The overall group has total assets of approximately R184.5 billion and a market capitalization of R35 billion.  The banking subsidiary will have a combined book networth of approximately R7 billion and total assets of approximately R122 billion.  Any borrowings by RMBI Limited, an off-shore subsidiary of FirstRand Bank Holdings, will be unconditionally guaranteed by FirstRand Bank, Limited.    Project Cost Including proposed IFC investment    IFC type A loan of US$50 million    Location of project and Description of site    	Johannesburg    Description of Company and Purpose of Project    	FRB is a major commercial/merchant banking group providing medium and long term project finance throughout Africa. IFC will support that activity by providing medium to long term loans to FRB to support its project lending in Africa other than South Africa. Underlying projects are indicated to cover roads, transportation facilities, telecommunications, power generation, mining and hotels.    Environmental Category and Issues    	This is a Financial Intermediary (FI) Type 2 project according to IFCs environmental review procedure. FRB will be required to establish an environmental management system to ensure that projects financed with term lending are consistent with the environmental, health and safety requirements of South Africa and IFCs safeguard policies and Exclusion List.  Category A projects must also comply with World Bank Group environmental, health and safety guidelines and policies, and be cleared by IFCs Environment Division.  In addition, IFC will assess FRBs capability to carry out environmental reviews.     The  is  from the InfoShop.       Date SPI sent to InfoShop:     April 26, 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
Westfalia FIL IFCs proposed investment is up to US$100 million to participate in a broader US$300 million syndicated secured revolving credit facility (the Revolving Credit Facility or RCF)  to Westfalia Fruit International Limited (WFIL or the Company or Westfalia). The Company grows, sources, ripens, packs, processes and markets sustainably grown avocados all year round, and is a leading multinational supplier of fresh subtropical fruits and related processed products to Asia, Europe, the UK and the US.     The proposed investment will support the Companys US$300 million investment program comprising the following components: (i) investments in new facilities and in new markets such as China, India, Italy, Kenya, Spain, Tanzania and the US, with the investments in countries such as Italy, Spain and the US being part of the push-pull strategy to service production in developing countries; (ii) expansion of existing facilities mainly in Europe, South Africa and South America; (iii) expansion and maintenance of orchards and nurseries in key primary production areas (Colombia, India, Mozambique, South Africa, Mexico and Peru); and (iv) working capital. Project Level impact:
The Project is expected to:
(i) Increase farmer outreach as a result of expanding avocado operations in Colombia and Mozambique and setting up greenfield avocado operations in India.
(ii) Create additional employment and retain existing jobs in Colombia, India, and other project countries.

Market level impact:
The Project is expected to:
(i) Increase competitiveness of the avocado sectors in the project countries, through demonstration effects and capacity building, as well as integrate them to the global value chain.
CR-SME FRB The project entails an IFC investment in FirstRand Bank Limited (FBL or the Bank) in the form of a US$150 million senior loan, to be disbursed in local currency, to support the Banks lending to small and medium enterprises (SMEs). The IFC investment is expected to have a high development impact and to promote greater access to finance to SMEs .
GRPT Green Bond The IFC project is a ZAR1.0 billion (about US$54.5 million) investment in unsecured green bonds issued by Growthpoint Properties Ltd. (Growthpoint or the Company or the Group).      Growthpoint is South Africas largest REIT listed on the Johannesburg Stock Exchange, with total property assets of US$9.9 billion (ZAR160.8 billion) as of June 30, 2022. It operates in the commercial, retail, and industrial property sectors, and has operations across South Africa, Australia, Central and Eastern Europe, and the United Kingdom.    The investment will support Growthpoint to (i) finance energy efficiency projects and renewable energy use across the Growthpoint portfolio; (ii) finance new green buildings; and/or (iii) refinance debt used to construct recently completed green buildings. The green bond issuances are a key part of Growthpoint's sustainability strategy and are aligned with its commitment to ensuring that all its portfolio buildings are carbon neutral by 2050.      IFC investment is expected to be classified as 100 percent climate related as it will be used exclusively on buildings with at least Green Star 4 category certification (according to the Green Building Council of South Africa), or equivalent. The expected project-level outcomes are (i) environmental effects through a reduction in energy and water consumption, and (ii) increased access to grade-A office space and retail space. Beyond the Project, IFC anticipates that the investment will promote market sustainability through demonstration effects and by making other industry players follow to maintain competitiveness.
Horizon Equity Fund III Horizon Fund III (Horizon III or the Fund) is a private equity fund which will make equity investments in small and medium-sized (SME) companies in South Africa.  These SME companies are expected to be in the post-revenue, and some in the pre-profit, venture capital space.  Horizon III is seeking target capital commitments of Rand 500 million.  The Fund will be the fourth fund raised and managed by Horizon Equity Partners (Horizon or the Fund Manager) which is based in Johannesburg and has 14 years of experience in investing in South African SMEs. Horizon III is expected to have several important development impacts, the key ones being:

-  Providing support for SMEs in South Africa where this market segment lacks access to long-term capital;
-  Contributing to private sector growth by providing capital and advice (through the Fund Manager) to high risk early stage companies; and
-  Contributing to the development of local fund management teams through the investment in Horizon III.
COJ Debt Project The Project is to support the City of Johannesburg Metropolitan Municipalitys (CoJ or the City) FY22/23 capital investment program, through an IFCs proposed 15-year senior loan of up to US$100 million (in South African Rands equivalent).    The investment aims to support CoJs FY22/23 capital investment program for infrastructure assets, which comprises primarily of upgrades, replacements and expansion of energy, water and sanitation, and transport infrastructure. The capital investment program is a high priority for CoJ, South Africas largest metropolitan city, in improving the quality of infrastructure services and life for its residents. This investment will also assist the City in providing enhanced access to public services and infrastructure to underserved areas. The Project and advisory services support: i) Improving the quality of infrastructure services in SA's largest city though infrastructure upgrades, replacements and expansion; and ii) Improving COJ's financial resilience by increasing cost recovery in the power and water sectors.
Blueberry COVID The IFC investment package is a four-year loan to the United Exports Limited (United Exports or the Company) amounting up to 3 million.  The loan is shared equally (1.5 million each) among IFC and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO).  The loan will help United Exports to cope with the immediate challenges of the global COVID-19 crisis and continue implementing its long-term growth plan.  Established in 2002 in the Republic of South Africa, United Exports is involved in blueberries farming and trading.  The Company sources blueberries from farms in South Africa and Zambia that it owns partially or entirely as well as from a number of licenses  growers located in the Southern Africa region. United Exports focuses on the production, grading, packing, cooling, shipping, marketing and selling of its premium proprietary blueberry varieties; its proprietary brand is the OZblu® brand.  This project is linked to https://disclosures.ifc.org/project-detail/ESRS/40468/mbiza-blueberries
Liquid ECG Project Liquid Telecommunications Holdings Limited (Liquid or the Sponsor), via its local subsidiaries (including Liquid Telecom South Africa and Liquid ECG Infraco) has rolled out extensive broadband services in various provinces. The Project entails the provision of broadband services, initially using microwave, before fully transitioning to fiber once the deployment is completed. During the initial 3 years, Liquid ECG Infraco will be rolling out over 7,000 kilometres of fiber. Liquid plans to implement the project through a wholly-owned special purpose vehicle (SPV). The project activities have commenced since mid-2022, and to date there has been a roll-out of 2,700 kilometres of fiber. This Project is expected to result in (i) increased access to quality digital connectivity for individuals and businesses; (ii) improved access to education, healthcare, and public services; and (iii) jobs for workers through the expansion of high-speed Internet infrastructure to connect government agencies in a region that is among the least connected in South Africa. Beyond the Project, this investment is expected to strengthen the integration of the digital ecosystem in South Africa by enabling the connectivity of underserved areas through e-government services.
SAHL - Peregrine SAHL is an existing company with both retail and wholesale mortgage banking lines of business.  It operates on the retail level by originating mortgages through a new and non-bank distribution channel.  SAHL offers existing mortgage holders the option to lower their mortgage rates, because the company has lower operating expenses than traditional banking firms.  This is called the switching business.  SAHL has made significant inroads in this market.  In addition, the company operates in the wholesale market by securitizing it mortgage portfolio.  In this sense it provides a bridge between the primary mortgage market and the capital markets of South Africa.

This particular investment involves a buyout of Peregrine, one of the original investors in SAHL.  Peregrine today has about a 10 percent shareholding, but doesnt desire a longer term outlook in their investment.  IFCs buyout of this shareholder would restructure and rationalize the companys shareholding as it enters a new phase of corporate development
IPM Debt Facility The proposed project is an investment in INCA Portfolio Manager's (IPM) Infrastructure Debt Facility (the Facility), a debt facility that is being set up to on-lend to creditworthy secondary municipalities (munis) in South Africa (SA). The Facility aims to enable access to commercial finance for creditworthy secondary cities in SA, where more than 80% of municipal financing is directed towards only 8 large metropolitan municipalities (out of over 200 municipalities in SA). In addition, the Facility is expected to be supported by a capacity building fund separately funded by the Switzerland State Secretariat for Economic Affairs (SECO), which will support these munis in prioritizing investment needs and in preparing bankable proposals for commercial financing. This would enable access to commercial financing for the munis to help them establish a borrowing track record and ultimately to reduce dependence on transfers from the national government.. (i) Stakeholder effects: The Facility will improve access to finance for secondary cities in South Africa with limited access to commercial debt. The Facility supports implementation of a portfolio of municipal infrastructure projects, and by leveraging the municipalities balance sheets, these municipalities can accelerate much needed infrastructure investments. Furthermore, the Facility will support projects that address climate change, with potential implications on access to urban infrastructure services.

(ii) Integration: The Project would mobilize capital for municipal finance, with the potential to engage new investors to the underserved secondary cities. Furthermore, IFC's engagement will create a demonstration effect, which is expected to mobilize greater commercial financing in future fund-raising efforts by these municipalities. 

(iii) Resilience - By enabling secondary municipalities to establish a borrowing track record, the Project contributes to reducing dependence on government transfers for municipal infrastructure projects. The Facility will also provide technical assistance to build capacities of secondary municipalities, including in financial planning.
FirstRand SL IV The proposed project (the Project) is an up to US$200 million senior loan with a 5-year maturity to FirstRand Bank Limited (FirstRand Bank), an existing client of IFC. The proceeds of the Project will be used to expand FirstRand Banks climate finance portfolio in South Africa. The Project will provide additional support to the banks strategy to fund renewable energy and energy efficiency projects in corporates and smaller businesses. It also facilitates the banks shifting focus, in its climate portfolio, from mitigation  to  resilience through the financing of climate smart infrastructure, agriculture and manufacturing. The expected project-level outcomes are: Increased availability of Climate finance: The Project will help increase access to climate finance and support FirstRand Bank in its strategy to fund renewable energy and energy efficiency projects in corporates and smaller businesses. Beyond the project-level outcome, IFC anticipates that the Project will have the potential to catalyze the sustainable development of South Africa's climate finance market through demonstrating the viability of capital allocation to climate projects, which in turn will raise awareness in the broader financial institutions sector. This should result in reforms and capacity building for a more sustainable banking sector.
Cashbank-2 Project Summary Of Project Information (SPI)       Project Name    Republic of South Africa - CASHBANK            Region    Sub-Saharan Africa        Sector       Project No008725   Projected Board DateDecember 4, 1997   Company NameCashbank   Technical Partner and/or Major Shareholders    	Cashbank was established in April 1995 after 6 years of development and planning by the Group Credit Company (GCC), an NGO established in 1989 to develop financial services for low income groups within South Africa.  The banks initial capital of US$14 million equivalent was provided principally by a number of South Africas insurance companies and the GCC.  During 1996/7 CB benefited from an approximate 50% increase in its capital base with the introduction of a number of strong shareholders including IFC (10% stake) and Investec (20%).  This increased capital base has strongly positioned the Bank for further growth.    Project Cost Including proposed IFC investment    	US$10 million equivalent    Location of project and Description of site    	Cape Town    Description of Company and Purpose of Project   	     The project involves a direct IFC Rand loan of up to US$10 million equivalent to Cashbank (CB).       CB is a bank established exclusively to service the banking needs of the low income communities of South Africa through the provision of savings facilities, as well as credit for housing, small business, education and personal loans.  IFCs proposed loan will assist the Bank to meet the strong demand for its products.    Environmental Category and Issues    	This is an environmental review category C project. No further review is necessary.       Date SPI sent to PIC     October 30, 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
African Bank African Bank was established in 1975, to serve the "unbanked" sectors of the community. It has now grown to be a dominant player in the payroll based lending market, which accounts for about 1.5% of the total assets in the South African banking sector.    The proposed project will assist African Bank to: expand its operations to small contractors and taxi financing; provide micro-loans to previously disadvantaged groups for low-cost housing and education.    IFC will provide long-term finance to a second-tier bank, thus promoting confidence in the sector.  The increase of the number of small businesses, low-cost housing availability, and the number of educated people, are high priorities for the South African government. Small contractors and taxi operations provide a means of livelihood in a country with high unemployment; housing is a necessity; and education is essential for economic growth.
SBSA COVID Project The proposed project is an investment of up to US$200 million in a senior loan with a 3-year maturity to The Standard Bank of South Africa Limited (SBSA or the Project). The proceeds of the Project will be used to finance Covid-19 relief for South African corporates and SMEs including the purchase and production of goods and services needed to cope with the effects of the Covid-19 pandemic in the country. Increased availability of finance for sectors affected by the CoVid-19 crisis, including healthcare and medical sectors: the proposed Project will support stakeholders' capacity to sustain operations amid a challenging environment and contribute to a much-needed increase of long-term investments in the affected industries. Resilience: The Project will contribute to sustaining the resilience of the many corporates and SMEs, which could come under strain under the ongoing crisis. By supporting clients' capacity to sustain operations during the acute shock, IFC is assisting the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable entities to return to their traditional income-earning opportunities.
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         IFC will provide a five-year loan of up to US$ 35 million to Westfalia Fruit International Limited (WFIL), a wholly owned subsidiary of South Africa-based Hans Merensky Holdings (Pty) Limited. The loan will be used to strengthen WFILs supply chain network in the Latin America region. The project is expected to transfer fruit farming, ripening, storage, distributing knowledge and skills to farmers in Chile, Mexico and Colombia. IFC investment will support acquisition of a local fruit exporting company in Chile and development of a Nursery in Colombia. 
       
       
         The IFC investment will allow a leading South African fruit exporter to strengthen its position as a leading international supplier of avocados and enhance capacity to supply avocados year-round. IFC anticipates the project will affect a significant number of avocado farmers in Colombia, Chile, Peru, and Mexico, who will benefit from better access to inputs such as avocado cultivars from newly-established or expanded nurseries. The project will also create ~730 new direct jobs in Colombia (nursery and orchards), Chile (nursery and logistics), and Peru (orchards) . In addition, the project is expected to have meaningful impact across a range of market-level dimension, including competitiveness, inclusiveness, and sustainability. The proposed investment will make the South African avocado industry more globally competitive  and enhance the country reputation's as a hub for sector expertise and on avocados.
Farmsecure RSF The Project consists of an up to R500mn (~$65mn) funded risk participations in Standard Chartered Bank South Africa (SCB or the Bank) financing facilities to the Farmsecure group of companies (Farmsecure or the Group), for the provision of pre-harvest working capital to contracted farmers in grains and livestocks and own production in fruits. The facilities also cover other working capital needs of the Group. Among others, the financing facility will be used for input financing (e.g. seeds, fertilizer, agrochemicals), purchase of weaner calves/lambs for rearing and payment of insurance premiums and other marketing expenses. Farmsecure is having a significant developmental impact by promoting a more productive and sustainable agri-business model in South Africa. The Project is expected in turn to make a significant contribution to South Africa''s rural economic development, as well as to global food security by increasing access to sustainable and profitable farming structures for farmers. This means that Farmsecure''s focus includes the empowerment of farmers with scientific farming skills, agricultural knowledge and technologies, and hands-on support to assist farmers in fulfilling their maximum potential both in terms of yield and revenues, positioning the Company ahead of the field in the region''s agricultural development. Farmsecure works on a commercial farming basis with a long term goal to further develop small scale farming supported by the infrastructure of sustainable commercial farming.