devinitorg/iati-policy-markers huggingface dataset:
CLN South Africa The IFC proposes an equity investment of EUR20 million in MA South Africa, a subsidiary of the CLN Group, to support its expansion plans in the country. CLN is a leading automotive stamping part manufacturer based in Italy and a repeat IFC client. It has 8 existing plants in South Africa and is looking to expand its production to serve new local automotive manufacturers. It produces and assembles steel and aluminum automotive structural parts and skin panels. - Job Creation: The Project will create and sustain a total of 250 positions of direct employment, with nearly half of the jobs located in Eastern Cape, a frontier region and South Africa poorest province.  - Support Auto Sector Development & Localization: By helping CLN achieve greater scale in South Africa to serve more OEM clients, the Project is contributing to the localization efforts of the automotive sector development goals in South Africa. - Training: The Company provided training to 450 employees in 2013, and will continue to provide annual internal and external training that contribute to skill and career development.
TUHF MAGC Project The proposed project consists of an IFC investment of up to ZAR 960 million with a 7-year tenor in the senior tranche of a ZAR 1.2 billion special purpose vehicle (SPV), to be setup and sponsored by TUHF Holdings Limited, South Africa (TUHF or the Company). TUHF and a third-party investor will each invest ZAR 120 million in the junior and mezzanine tranches, respectively. The SPV will utilize the proceeds to finance the development of affordable EDGE-certified green residential buildings in South Africa. The Project is expected to be supported by the Market Accelerator for Green Construction (MAGC) Program as described in the Blended Finance Section. Stakeholder effects: Increased access to climate finance (green building developers).  The proposed Project will support access to climate finance, leveraging TUHFs market position in inner cities of South Africa. The climate finance portfolio is expected to be accompanied by GHG emission reductions.

Stakeholder Effects: Increased access to housing finance. The Project will support access to affordable housing finance. South Africa is rapidly urbanizing, and an estimated 26 percent of the urban population lives in informal housing areas. The Project will increase the supply of housing finance for the affordable housing segment in South Africa.

Contribution to Market Creation: Sustainability. IFC anticipates that its systematic engagement at both the sectoral and financial institutions levels, through investments, upstream, and advisory services, will help scale-up climate finance, strengthen green finance standards in the country, and encourage replication by other institutions in South Africa; thus, contributing towards increased environmental sustainability through the demonstration and capacity building channels.
ABSA SL  Project The proposed investment consists of a senior loan of up to US$150 million to Absa Bank Ltd (Absa or the Bank) (the Project). The Project will help Absa to further augment its climate finance business and to support green investments, including renewable energy and biomass in South Africa. The Project will be the first green loan in Africa in compliance with the internationally recognized Green Loan Principles (GLPs). The most significant, expected project-level effect is increased access to climate finance in South Africa. Beyond the Project, IFC anticipates that, through demonstration and capacity building, Absa's planned development of a climate risk assessment framework and disclosure initiatives will contribute towards the increased resilience of the South African banking sector to climate-related risks.
Adumo Project The proposed project consists of an equity investment by IFC and IFC Asset Management Company of up to $15 million in Adumo RF Pty Ltd (Adumo), a leading independent payment platform in South Africa. Adumo enables merchants to accept card payments through a physical POS device or an App-based device, and also provides payments processing, loyalty card management, reconciliation and other value-added services. Improved access and quality of payment services: The project will support the expansion of a comprehensive set of services targeted at South Africa's MSMEs to foster acceptance of offline and online payments, and to grow adoption of digital payments and services among customers and entrepreneurs.

Improved access to financial services and business management tools for merchants: The project will support the company build on its merchant acceptance platform and its data, to provide MSME merchants with access to financial and non-financial services to manage and grow their business. 

Inclusiveness: IFC anticipates that the project will promote inclusiveness in the payment services market in South Africa by demonstrating the viability of a business model providing access to electronic payments for underserved micro and small retailers.
Eris Student Accomdation Newco The proposed IFC investment is a ZAR150million equity investment in Momentum Student Accommodation Impact Fund Proprietary Limited  (The Company or MSAIF), an open-ended investment company developing and operating affordable, purpose-built student accommodation (PBSA) in South Africa (SA). MSAIF is registered as a private limited liability company and is managed by Eris Property Group, a leading property developer and real estate fund manager in SA.       MSAIFs business model is to provide serviced safe, secure, affordable purpose-built student accommodation  that is located close to Public- universities and/or Technical Vocational Education and Training (TVETs) (which will be marketed under the Rise Living brand). MSAIF has developed one asset named Units on Park in Hatfield Pretoria; a 998 bed development. Concurrently, MSAIF is pursuing a pipeline of additional development and investment opportunities and expects to grow to 10/12-asset portfolio over the next 5 years. The proposed IFC financing package is to support MSAIFs growth plans.     It is anticipated that, MSAIF will reach an optimal size for an Initial Public Offering (IPO) and listing as a Real Estate Investment Trust (REIT)on a major stock exchange within the next 5-7 years. The most significant expected project-level impact is increased access to high quality student accommodation in the underserved South African student housing market. Beyond the Project, IFC anticipates that the investment will promote sector competitiveness by encouraging private expansion into the student accommodation market via demonstration effects.
Doppio Project The project consists of an up to ZAR320m (approximately US$21m) IFC equity investment in AdvTech Ltd (Doppio or Company), a leading private education group based in South Africa (SA). Doppio is listed on the Johannesburg Stock Exchange (JSE). Doppio has 54,000 students across its network of primary, secondary and tertiary education institutions. It is planning to expand and make its teaching and training available to a growing population of learners demanding quality education across SA and the Rest of Africa (RoA). Doppios expansion will include both organic growth and acquisitions in basic, secondary and tertiary education (the Project). IFC''s investment in Doppio will contribute to the following development outcomes: (i)    Enhanced access to quality education (30,000 additional learners) especially for students who would otherwise not find alternative quality options at an affordable price. (ii)   Increased enrollment options through "second-chance" tertiary education for high school leavers who failed to secure an admission at state-owned universities; (iii)  Enhanced employability of graduates, which reduces the burden of social/welfare programmes on African governments; (iv)  Expanded South-South linkages, which promotes intra African trade and skills transfer; (v) Increased supply of quality primary and secondary school teachers graduating from Doppio''s Institutions, which is much-needed given the acute shortage of quality teachers across Africa;
Knife Fund III Knife Capital (International) Fund III LP (Knife III or the Fund) is targeted to be a US$50 million Venture Capital (VC) fund focused on investments in the scale up or expansion (Series B) stage primarily in South Africa. The Fund aims to invest in high-growth, innovative technology companies with strong IP and potential for pan-African and global expansion in sectors including: Platform Businesses, Software, Tech-enabled business services, and FinTech. Project Outcomes:   

     

 While the country has several accelerators/incubators and
early stage Fund Managers, access to equity at later stages of the life cycle
is scarce. It should also be noted that the Africa region more broadly has some
of the lowest VC penetration rates compared to other emerging markets and South
Africa can serve as a hub to incubate startups and then scale them to serve the
broader African markets. Hence, this Fund will increase access to equity and
operational value add for startups in South Africa that will expand into other
African countries. Further, most of the investees of the previous fund have
successfully expanding into neighboring countries or have a clear business plan
to do so over the next years as well.   

     

 Contribution to Market Creation:   

     

 The largest contribution to market creation is expected to
come from the sector specific impacts of digital investees.   

 Increased competitiveness of key markets through the support
of market-disrupting digital business models: The Fund is expected to invest in
innovative businesses models that strengthen supply chains, improve price
transparency and have a demonstration effect by catalyzing replication from new
entrants. In markets where investees grow rapidly and become sizeable market
players, this innovation at scale can generate large impacts on a markets
competitiveness by pushing traditional players to innovate.    

 Increased competitiveness of South Africas VC market: IFC
anticipates the Fund will demonstrate the viability of Series B venture capital
in South Africa by attracting more investors and incentivizing more
entrepreneurs to start businesses.
Cullinan Project The Project entails the replacement of a +60 year old processing plant at Cullinan diamond mine in South Africa. Cullinan is a 112-year old mine that was acquired by Petra Diamonds Limited (Petra) from De Beers in 2008. Since then, Petra has spent $357 million with a further $250 million planned capital expenditures, to increase production from 0.8 million carats in 2009 to a targeted 2.2 Mcts by 2019. Cullinan has an initial mine life to 2030, but the potential mine life is +50 years with a gross resource of 200 Mcts. The replacement of the processing plant will enable increased ore tonnage to be treated more efficiently and is expected to result in higher recoveries through the use of better technology. The processing circuit will be simplified and will include the use of advanced diamond recovery technology, including autogenous milling, high pressure grinding rolls technology and XRF x-ray machines. The current plant has a ROM throughput capacity of 2.8 million tons per annum while the replacement plant will have a 6.0 mtpa ROM capacity. Petra also aims to simplify and streamline the processing route and reduce the existing plant footprint of 25.6ha down to 4.9ha (with 15km of conveyor belts being reduced to 3km). Operating efficiencies and security improvements will be driven through increased automation, reduced tons in circulation and improved energy efficiencies, with an expected improvement in energy efficiency per ton. Based on these efficiencies, the Company will target overall direct cash cost savings of up to ZAR15 per ton treated. The expected development impact for this project will include: (i) higher revenues to government through higher recoveries and increased efficiency/cost savings; (ii) energy efficiency through lower per unit power consumption; (iii) community development through Petra''s already established corporate social responsibility program; and (iv) strengthening of Petra''s brand.
Xina Solar One (Pty) Ltd The project consists of the construction and operation of a 100 MW greenfield concentrating solar power (CSP) project near the town of Pofadder, in South Africas Northern Cape Province (Xina CSP, or the Project). The Project is being developed by Abengoa Solar S.A. through its affiliate Xina CSP South Africa Proprietary Limited (Xina Ltd) and in partnership with the Industrial Development Corporation (IDC), the GEPF Renewable Energy Investment 1 Proprietary Limited (or GEPF-REI, a vehicle incorporated by the Government Employees Pension Fund and represented by the Public Investment Corporation (PIC)) and the Broad Based Black Economic Empowerment Trust (BBBEE). Abengoa Solar S.A.s parent company, Abengoa S.A. (Abengoa) is a leading developer of renewable energy projects. CSP is a term used to describe a variety of technologies by which solar energy is concentrated onto a receiver to heat steam for use in industrial or electricity generation applications.    Xina CSP is a 100 MW parabolic trough CSP plant, with approximately 5 hours of molten salt storage, located in South Africas Northern Cape Province with an estimated total cost of ZAR 9.5 billion (approximately US$867 million equivalent). The solar plant will be located on the land of farm Scuit Klip 92 and will feed power into the Eskom Paulputs substation located approximately 1 km from the site. The project company will be a special purpose vehicle  Xina Solar One (RF) (Pty) Ltd - and the plant will sell electricity to the state owned utility, Eskom, under a twenty year power purchase agreement. The Project will: (i) promote additional employment and skills development during construction and operation; (ii) diversify South Africa''s energy mix; (iii) reduce carbon emissions by producing green, emission-free electricity; (iv) contribute to increased generation capacity in South Africa (as part of the planned system expansion) and; (v) contribute to the upliftment of local communities, through financial benefits flowing from a 20% shareholding to be held via a community trust.
Westfalia Fruto Mocambique (Pty) ltd Westfalia Fruto Mocambique Ltda (WM or the Company), a local subsidiary of Westfalia Limited, the leading South African avocado producer, plans to establish a 200 hectare avocado farm near the city of Chimoio in Central Mozambique (the "Project"). The Company will also build a packhouse to handle own production and that of the local fruit growers (avocados, litchis, mangoes) for the export market. WM will support local small farmers and emerging commercial growers in improving their fruit production through provision of training and technical assistance; and ensuring their access to markets through Westfalia''s established networks. (a) Employment creation: The farm will employ 40 permanent workers while during the harvest period (2 months), it will require 400 additional casual workers. (b) Market access and shared prosperity: WM will provide access to market and fair pricing to hundreds of litchi, mango and avocado growers in Central Mozambique and Zimbabwe (neighbouring Chipinge growing region). (c) Knowledge transfer: WM will provide access to training, inputs and appropriate planting material to smallholders and emerging commercial farmers. (d) SME supply chain development: WM will hire local contractors (logistics, earth moving, equipment & chemicals suppliers and the like). (e) Community Development benefits: WM will set up social infrastructures (local clinic, roads¦) and will partner with local NGOs to improve the well-being of the community.  (f) Replicability/Demonstration effect:  WM sees a lot of potential for expansion in Mozambique and in the medium term in Zimbabwe. WM also hopes to attract other South African avocado and fruit growers by demonstrating Manica''s suitability for agriculture investments.
AEF Erand Hotel SUMMARY OF PROJECT INFORMATION      Project Name		South Africa-Midrand Days Inn    Region			Sub-Saharan Africa    Sector			Hotel and Leisure    Project Number		007936    Projected Board Date	January 31, 1997    Company Name		Not yet registered    Technical Partner and/or Major Shareholders:  The project is 33.33% owned by Mr Carroth Bosman, Mrs. Sizakele Shongwe, Mrs. Motshidi Skosana and Mr. Jayprakash Vallabh Patidar.  IFC and another local financial institution may hold the balance of 66.67%.  Mr. Carroth Bosman will be the General Manager of the project.  Days Inn Southern Africa (Pty) Ltd will be the operator.    Project Cost including proposed IFC investment:     Project Cost:			US$ 3.8 million equivalent   IFC Equity Investment:		US$ 0.5 million equivalent   IFC Venture Loan:			US$ 1.0 million equivalent    Location of Project and Description of Site:  The project will be located in Midrand, a commercial and residential area north of Johannesburg.  The site is ideally located on an incline alongside the N1 Highway and opposite BMWs head office.    Decsription of the Company and Purpose of the Project: The project is the establishment of a 104 room Days Inn hotel in Midrand. Developments in Midrand have made it Africas fastest growing area. Days Inn is an ideal hotel being established to take advantage of the expected buoyant market for hotel rooms in the area.    Expected Development Impact: In addition to the provision of scarce equity capital, the project will create approximately 30 jobs and will ensure a broader participation in hotel projects by people from previously disadvantaged groups.    Environmental Category and Issues: The project is a category B project under IFCs environmental review procedure.  Environmental, health and safety issues include sewage treatment, liquid and solid waste disposal, fire safety measures, employee training, general safety and noise pollution.  The sponsor is willing and able to install the necessary controls to minimise the impact on the environment.  The Environmental Review Summary is available at the Public Information Center.    Date SPI sent to PIC:  		December 12, 1996    For additional information contact:  Corporate Relations Unit   				          Telephone Number:	(202) 473-7711   				          Facsimile  Number:	(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).
Liquid Telecom South Africa Term Loan Liquid Telecommunications Holdings Limited (Liquid, LTH or the Company) is the leading pan-African provider of wholesale voice, wholesale data and internet protocol (IP) services. The company invited IFC to: (i) participate in its new bond offering to up to US$100 million (the Bond), and (ii) provide up to US$75 million (ZAR equivalent) of an IFC A Loan (Term Loan), to fully refinance the companys existing Eurobond and revolving credit facilities (the Project). The Bond was subscribed to during February 2021 at the LTH level, with the Term Loan (at the Liquid Telecommunications South Africa level) to follow in the coming months. Liquid Telecommunications South Africa (or LTSA) is a subsidiary of LTH.     The investment aims at freeing up Liquids current debt stock to unlock more free cash flow for capital expansion plans across Africa over the next few years. Such expansion includes furthering Liquids fiber network and digital footprint of services across markets including DRC, Angola, South Sudan, Nigeria and such other markets as deemed appropriate from time to time. The funding would allow for the necessary capex expansion plans to be funded over the next few years and contribute to Liquid remaining active and competitive in the Pan-African markets they operate in.  This project is linked to https://disclosures.ifc.org/project-detail/SII/44798/liquid-telecom-bond The Project is expected to increase the capacity of broadband networks across several countries in Africa, potentially resulting in increased access to quality broadband internet for individuals and businesses. Beyond the Project, this investment will contribute to maintaining the competitiveness of the markets for broadband internet across Africa by providing access to shared broadband infrastructure to all retail operators under open access and a nondiscriminatory basis.
Sasfin Tier II Sasfin Holdings Ltd (Sasfin) is a listed mid-sized specialist banking and financial services group focusing on small and medium enterprise ("SME") clients. Having evolved from an entrepreneurial textile company in 1951 to a mid-sized banking and financial services group today, Sasfin is well equipped to understand and serve the specific needs of entrepreneurs. IFCs proposed investment consists of: (i) a US$10 million equity investment in Sasfin,   and (ii) a US$10 million Tier-II loan to Sasfins subsidiary, Sasfin Bank Limited. The Project is expected to have significant development impact as it will enhance Sasfins focus on SME lending and strengthen its capacity in environmental and social risk management. The Project will enable the Group to offer wider financing options to South African SMEs, and hence encourage expansion of SME lending to underserved segments of the South African society.  Such financing will be crucial for the sustainable development of the private sector across the country that results in improved economic development and poverty reduction. The Project is also expected to contribute to the increased competition in the financial sector and create a demonstration effect for other investors to invest into the SME segment.