devinitorg/iati-policy-markers huggingface dataset:
Diamond Bank Diamond Bank is sponsored by diamond bank Ltd.    - Project Cost Including proposed IFC investment    Total project cost is estimated at $20 million.    - Location of project and Description of site: Nigeria    - Description of Company and Purpose of Project    The project involves an IFC loan of up to $20.0 million to Diamond Bank Nigeria (the Bank) to be on-lent to private Nigerian enterprises for rehabilitation, trade finance, working capital and new investment projects. The project constitutes one of IFCs first term finance facility in Nigeria in almost 10 years.   Diamond Bank was established in 1991 as a commercial bank with a capital base of about N50 million ($500,000 equivalent).  Today, the Bank''s equity and asset base is about N2.9 billion ($30 million equivalent) and N23 billion ($242 million equivalent), respectively making it one of the largest banks in Nigeria.  Diamond Bank is primarily a commercial bank with a leading position in the middle market with strong focus and presence in the biggest and busiest commercial and industrial cities where businesses such as manufacturing, oil and gas, transportation and general commerce thrives.  Diamond Bank operates throughout Nigeria with about 24 branches and has state of the art banking technology.      - Environmental Category and Issues   	   This is a Financial Intermediary (FI) Type 2 project according to IFC''s environmental review procedure. Diamond Bank Nigeria will be required to undertake an environmental review of each sub-project to ensure compliance with host country requirements, IFC environmental and social safeguard policies, and, if applicable, World Bank Group environmental, health and safety guidelines. IFC will assess the Bank''s capability to carry out environmental reviews. Diamond Bank Nigeria must obtain IFC clearance prior to making any investment with IFC funds in any Category A project.     The  is  from the InfoShop.       Host country location of environmental documents    Nigeria      Date SPI sent to InfoShop: February 1, 2000    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   Fax: (202) 974-4384
Seven Energy Bond Seven Energy International Limited, an existing IFC client (project 34450), is a Nigeria and UK based oil and gas exploration and production (E&P) and midstream company (Seven Energy or the Company). It is one of the few E&P companies in Nigeria with a focus on developing and commercializing gas that was historically stranded or flared, and supplying it to Nigeria''s domestic market for power generation and industrial consumption.  IFCs commitment to provide an anchor investment in the companys inaugural bond issue will help the company mobilize investors and successfully issue the bond. The bond proceeds will be used, among other things, to retire existing liabilities and continue funding the construction of the Companys gas pipeline network. Greater availability of gas is one of the key ingredients for increasing power generation in Nigeria, a country that suffers significantly from lack of electricity and where only about 50% of the population has access to electricity from the grid. The quality of service is generally poor and lack of electricity has put a constraint on the country''s economic growth. There is about 6 GW of existing capacity in Nigeria, of which only about 4.5 GW is operating. It is estimated that generation capacity will increase to 15 GW in 2020 most of which from thermal generation. Gas production and transportation are critical to the energy mix, and Nigeria harbors significant gas reserves.  In addition to supplying gas to the Ibom Power Plant, the Company will directly supply the Calabar National Integrated Power Project, a plant with a capacity of about 560 MW. Moreover, IFC funding is proposed to contribute to a potential 2014 project between Seven Energy and an IOC to eliminate approximately 23mmcfd of IOC flared gas, diverting gas to Seven Energy''s Uquo gas facility where it will be stripped of liquids and the residual gas blended with Seven Energy gas. Finally, the project will generate direct jobs and indirect jobs (through power provided to the grid and to industries including a fertilizer plant in the Akwa Ibom state), as well as government revenues.
Guaranty Trust Bank, Plc. - V The proposed Project is one of IFCs key responses to assist in mitigating the effects of the global financial crisis on the Nigeria banking sector. The Project is a $200 million financing to Guaranty Trust Bank (the Bank or GTBank) one of largest and systemically important banks in Nigeria. The Project is expected to provide the Bank with significant long-term financing to help it pursue its strategic objectives within the constraints of the recent global financial crisis. The Project is also expected to send positive signals to the market, aimed at improving confidence within the Nigerian financial sector, as well as with international investors. Stamp of approval: IFCs involvement in the Project demonstrates its commitment to the Nigerian banking sector during adverse market conditions and validates the long-term viability of a systemically important bank. This stamp of approval should facilitate future fund-raising efforts that might be undertaken by well-run banks in Nigeria.

Access to scarce dollar long-term financing:  Given the difficult global market conditions, IFC is probably one of the very few sources of long-term funding of such magnitude available to the banking sector in Nigeria.  

Knowledge sharing: IFCs ability to engage strategically with the Bank and provide support to further enhance the Banks implementation of a social and environmental management system.
Niger Delta Contractor Revolving Credit Facility This project involves the establishment of a US$30 million revolving credit facility by IFC, Shell and a local bank. The facility,   details of which are still under discussion,   would focus on the oil services sector in Nigeria and would provide competitively priced term funding to small and medium-sized local contractors delivering services to the Shell Petroleum Development Company Joint Venture of Nigeria Limited (SPDC JV), primarily in the Niger Delta.      Currently, access to term funding is essentially nonexistent for these contractors.  Available credit to these companies is only short-term and very expensive.  Local banks lack adequate term finance resources in both Naira and US dollars, and tend to limit their exposure to Niger Delta contractors, because they portray high risks.  In addition, interest rates charged to these contractors are usually indexed to the Nigerian Inter-Bank Offered Rate (NIBOR), which is highly volatile.  Under these conditions, it is difficult for them to acquire and finance equipment, which in turn prohibits them from competing for larger, higher value-added contracts.      One of the major developmental benefits of the project would be its positive effect on the Niger Delta.  The facility would help support the growth of targeted local contractors, and, as a result, make a contribution to relieve unemployment and poverty.  Funding under the facility would also lead to technology transfer and more skilled training, which would provide longer term development gains and movement up the value chain.  This would also enable local contractors to compete more effectively with foreign companies on certain contracts, which are not currently accessible to them.  Ultimately the project would establish a strong base of local service companies, which would produce all around benefits, such as lowering the country''s production costs and increasing the benefits of oil production to the economy in general.    The proposed facility would be the first of its kind for IFC.  IFC is actively involved with Shell in working out the structuring and funding arrangements.  The facility will also involve a local bank, which is yet to be identified.  By financing one third of the required funding for the facility, IFC will play a catalytic role in mobilizing additional term funding, which is not readily available to small oil services contractors operating in the Niger Delta.  The facility would also enable targeted contractors to access less expensive US dollar financing and strengthen their financial condition by reducing their borrowing costs.  In parallel, IFC''s SME department and APDF are actively working with SPDC JV to put together an estimated US$210,000 capacity building program to support contractors in developing their business.
ND Refineries Ltd ND Refineries Limited (NDRE) is a mini-refinery located in Ogbele, Rivers State, Nigeria. The project entails the financing of the capacity expansion, infrastructure, and environmental improvement investments of NDRE (the Project). The Project's expected development impact includes (i) reduction of Nigeria's current account deficit by reducing import of petroleum products (ii) creating direct and indirect jobs in Rivers State Nigeria (iii) improving competitiveness and quality standards in Nigerian refining sector by supporting the expansion of a private player (iv) creating a demonstration impact by showing the viability of modular refineries in countries where there are significant crude-oil reserves such as Nigeria.
TradeDepot Ser.B TradeDepot Inc (TradeDepot or the Company) is a fast moving consumer goods (FMCG)  distribution platform that aggregates informal retailers on a digital platform and connects them directly to  FMCG distributors and manufacturers, thus enhancing visibility and efficiency across the FMCG value  chain. In addition, TradeDepot has launched an embedded finance product, through which informal  retailers can access working capital for their purchases on the TradeDepot platform. The Company has a IFC anticipates that the Project Outcomes are Very Strong, derived from improved access to supply chain for small retailers in Nigeria, by expanding in Tier 2+ cities, where retailers face frequent inventory shortages due to more challenging access to market than their counterparts in Tier 1 cities, and continuing expansion in Tier 1 cities. These outcomes would be achieved by scaling up an online platform that connects retailers with suppliers and has the potential to result in improved efficiency for retailers as the Company ensures reduced procurement costs and on-time delivery, compared to offline supply chain solutions. In line with IFC's initial investment in TradeDepot, a significant number of new retailers are expected to be women, thereby contributing to alleviate the gender divide in the Nigerian economy. Beyond the Project, the Contribution to Market Creation is Strong, as this investment is expected to increase the inclusiveness of retail supply chains in Nigeria, via demonstration and replication channels. The Company is introducing a business model that involves the use of basic mobile telephony and the provision of embedded finance to reach underserved retailers, especially in Tier 2+ cities. A successful expansion is expected to demonstrate the commercial viability of this business model and trigger replication by competitors, thereby enabling availability of online supply chain solutions in Tier 2+ cities, beyond the Company. Overall, the Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Excellent, based on an AIMM score of 74. On an unadjusted basis (i.e. without likelihood factor), the full AIMM score could reach 88.
CAPIC Protea Nigeria CAPIC or the Sponsor is a Nigerian private equity fund that was established in 2007 to make real estate investments in Nigeria and West Africa. It is an existing IFC client and was committed on February, 12th, 2009. 

The project will involve the construction of the following hotels in Nigeria:

A 3-star Protea Select brand hotel in Benin City, and 
A 3-star Protea Select brand hotel in Ikeja, Lagos.

Hexagon Networks Limited and Skye Bank Plc will co-sponsor the project. The two hotels will exist in separate project companies namely; CAPIC Hexagon Limited and Skye CAPIC Limited owned by the Sponsor and respective co-sponsors. CAPIC will be the majority owner in each company.

The total Project is expected to cost $32 million of which $16 million will be financed with debt and $16 million will be financed with equity.

The IFC is considering an investment of two A Loans as follows:

$6.2 million to the CAPIC Hexagon Limited, and
$5 million to Skye CAPIC Limited. (i) Absorb the demand for quality hotels of international standards in a major business district of Lagos and the heretofore undeveloped market of Benin city.
(ii) Improve hotel standards in the 3 star segment. 
(iii) Encourage the transfer of skills and expertise in hotel management to the local workforce. 
(iv) Generate direct and indirect employment opportunities for locals during construction and during operations. 
 (v) Provide sources of revenues for the government through the collection of taxes.
Boulos F&B Project The project involves an investment by IFC of up to US$ 4.5 million debt and up to US$ 3.5 million straight equity in Boulos Food and Beverage Limited ( BFB or the Company), a greenfield company being established for the production of fruit juices, milk products and tomato paste in Nigeria. IFCs investment will support the procurement and installation of plant and machinery, procurement of delivery trucks, working capital financing and refinancing of existing debt (the Project). The Project is expected to have the following impacts:  (i) Adoption of new packaging technology with improved food safety benefits.  (ii) Direct and indirect employment with the creation of 446 jobs, of which approximately 139 will be to women. (iii) MSME development through development of wholesalers, retailers, distributors.  (iv) Tax revenues accruing to Government.
Hygeia Expansion This proposed project involves an expansion of a number of operations of Hygeia Limited (the company).  Hygeia is a private sector provider of hospital and health maintenance organization (HMO) services in Nigeria.  The key elements of the proposed project include:  - the upgrade, renovation and expansion of three Hygeia hospitals: Lagoon Apapa, Lagoon IV and Lagoon Ikeja. - the establishment of five regional offices and the expansion of information technology infrastructure in relation to its HMO business; - partial refinancing of an existing loan used to purchase MRI, CT Scan, and other critical care equipment in 2004/5; and - funding of working capital to facilitate the companys expansion program. Supporting Hygeia for the expansion of its HMO and hospital business is expected to have significant development impact.  First, it would raise the overall quality and accessibility of private medical services in Nigeria.  Second, IFCs support, particularly of Hygeias HMO business, is likely to improve the perception of Nigerias nascent health insurance program  boosting the credibility of this very important sector.  Furthermore, this loan is expected to be IFCs first naira-denominated loan.  IFCs involvement in the currency swap markets in Nigeria will assist in developing this aspect of the financial markets in that country.  Finally, this investment in Hygeias expansion will bring additional employment and tax revenue to Nigeria.
WCS FSDH Merchant Bank The project consists of up to US$35 in total financing in the form of an up to US$15 million trade finance guarantee facility under the Global Trade Finance Program (GTFP) for transactions with tenor up to 6 months and an up to US$20 million senior loan under the COVID-19 Emergency Response WCS Envelope (WCS Envelope) for working capital and trade-related loans to Small and Medium Enterprises (SMEs) including Women-owned Small and Medium Enterprises (WSMEs). The most significant, expected project-level outcome is to provide increased access to working capital and trade finance to borrowers of the Bank (SMEs and corporates) during a time of crisis. Beyond the project, IFC anticipates that its financing will promote greater market resilience by supporting the flow of liquidity in Nigeria and strengthen the markets ability to absorb shocks imposed by the current crisis.
Capital Alliance Private Equity Fund Summary Of Project Information (SPI)       Project Name    Nigeria - CapeFund       RegionSub-Saharan Africa   Sector   Project No009281   Projected Board DateSeptember 24, 1999   Company NameCapital Alliance Private Equity Fund   Technical Partner and/or Major Shareholders    	The Capital Alliance Private Equity Fund is sponsored by Africa Capital Alliance (ACA) which is also the sponsor of South Africa Capital Growth Fund (SACGF) in which IFC has invested. The fund is expected to have both local and international investors.      Project Cost Including proposed IFC investment    	Total project cost is estimated at US$30 to US$40 million. The IFC component is US$7.5 million.    Location of project and Description of site    	Nigeria and West Africa.    Description of Company and Purpose of Project    	The project is a new private equity fund, focussed on Nigeria and intended to invest in expansion/replacement capital for companies with significant growth prospects; joint venture investments with foreign companies seeking to establish or re-establish operations in Nigeria; and management buyouts and buyins. The fund will have a two-tier structure consisting of the fund, which will be a 10-year life company, and a separate management company.     Environmental Category and Issues    	This is a Category FI Type 2 project according to IFCs environmental and social review procedure.The Fund Manager has agreed to undertake an environmental review of each subproject. The Fund Manager has also agreed to participate in environmental training as required by IFC, develop an environmental management system, and provide an annual environmental performance report to IFC.       Date SPI sent to InfoShop     August 25, 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
GTB III Project The project consists of a line of credit of up to $20 million to Guaranty Trust Bank, Plc (GTB or the bank), the fifth largest commercial bank in Nigeria in terms of total assets and one of the three AAA rated banks in the country. The project's main objective is to address the scarcity of term finance in Nigeria. Despite a recent improvement in political stability and a commitment to market-oriented economic reform, Nigeria has yet to attract a level of foreign investment in line with the size of its economy. This is creating a critical constraint in the countrys development goals, particularly as significant investments are needed to upgrade private sector productive capacity and operations to sustainable levels, and finance the privatization of major industries which the government has planned.  The proposed investment allows IFC to partially address these constraints by making available foreign exchange term resources through an efficient financial institution.
CAPITAL ALLIANCE PRIVATE EQUITY FUND IV LIMITED The proposed project is for an equity investment of US$40.0 million in Capital Alliance Private Equity IV (CAPE IV or the Fund), a 10 year closed-end private equity fund targeting growth companies in Nigeria and other countries along the Gulf of Guinea. The Fund is seeking to raise $600 million total committed capital. IFC invested in CAPE I in 1999 as part of its strategy to support the creation and growth of the private equity industry in Nigeria and in Africa. IFC has since invested in CAPE II, CAPIC and CAPE III funds raised by the sponsor. The Fund is expected to have strong development impact through: 
(i) Providing risk capital to growing companies which are the main drivers of job creation and preservation; 

(ii) Ensuring appropriate ESG structures are in place and providing hands-on monitoring and guidance to the management of investee companies; and

(iii) Investing significant amount of capital in IDA countries.
WCS CR Zenith The project consists of a Working Capital Solutions (WCS) facility to Zenith Bank Plc. (Zenith Bank or the Bank) of up to US$250 million. The facility will have a maturity of up to 3 years and will complement the existing FIG COVID-19 Emergency Response WCS facility (Project# 43988) that was committed in June 2020 and rolled over in June 2021. The project will enable the Bank to provide working capital and trade finance facilities to enterprises in Nigeria, including MSMEs impacted by COVID-19. The most significant project outcome will be access to working capital finance/liquidity to Zenith Bank and through Zenith Bank, its customers. The IFC facility will support Zenith Banks capacity to sustain its customers operations and to expedite post-crisis recovery. The project is also expected to help preserve Nigerias private sector by supplying foreign currency working capital to support operations of businesses during the crisis, thus making it more resilient.
Jabi Lake Mall Actis Africa Real Estate Fund 2 LP (AR2 or the Sponsor), an existing IFC client, is a closed-end private equity fund dedicated to investments in real estate companies and projects in East, West and Southern Africa, excluding South Africa. The Sponsor is undertaking a greenfield development of a shopping mall of international standard in Jabi Lake, Abuja, Nigeria (the Project). The Project will help to alleviate the supply gap of high quality retail space in Abuja. At completion the Project is expected to provide approximately 31,000 square meters of business infrastructure.  Duval Properties Limited (Duval), as local partners, will co-sponsor the project by contributing land for the development; and AR2 will be the majority owner of the Project. The Project is expected to have the following impacts:  -  Provision of critical business infrastructure that is currently significantly undersupplied in Africa''s second largest market and most populous nation. -  Provision of a growth platform for local SMEs (manufacturers and wholesalers) in the retail value chain (owners of stores within mall) to gain access to customers and increase their sales. -  Improvement of food security as a result of increased distribution outlets for local farmers leading to increased demand for local products (fresh produce in particular, but also locally processed foods).   -  Improvement in hygiene, health and safety standards in the food retail sector. -  Serve as a catalyst for urban development in the area around the new mall. Development of better aesthetic environments and strong demonstration effect in improving commercial property standards across Nigeria. -  Creation of direct and indirect employment during construction and operations. -  Generation of tax revenues for the government. -  Transfer of operational and environmental & social best practices, both during construction and operations