devinitorg/iati-policy-markers huggingface dataset:
SOCIETE INDUSTRIELLE AGRO ALIMENTAIRE S.A. 3 The proposed loan of up to 8.3 million (the IFC Loan) to SIAGRO S.A. (the Company, the Borrower or Kirene), a still and carbonated soft drinks (CSD) processing company, is to support the Borrowers investment program and includes: (i) expanding production capacity; (ii) Green building standards and certification, and (iv) working capital requirements.  The project is expected to be supported by the Canada-IFC Blended Climate Finance Program (BCFP), as described in the Blended Finance Section. The expected impacts are likely to center around:
Strengthen downstream linkages: Kirene distributes its products through about  SME wholesalers and
semi-wholesalers in Senegal, which it actively supports with its own sales team and promotional /
marketing materials. 
Economy-wide effects: By increasing production capacity, the Project will create direct and indirect jobs,
as well as incremental value added.
Consumers: Consumption of sugar-dense beverages (both CSD and juices) is associated with the
negative nutritional outcomes for the consumers. The impacts could be mitigated by exploring reformulation
or shifting production towards healthier choices.
Environment: The project will promote recycling and, hence reduce the related carbon footprint and plastic waste. Kirene will promote recycling, hence reducing the related carbon footprint and waste. There may
be scope for market impacts along this dimension in the FMCG market in Senegal.
CG CdB II Project The proposed project involves the design, construction and operation of an expansion of the IFC-financed heavy-fuel-oil-fired Cap des Biches thermal power plant (see Cap des Biches, project #35175). By adding two 16.7 MW engines, total installed capacity is expected to increase from 53 MW to 86 MW. The plant also has the ability to be converted to natural gas. Once it starts operating, the project should be one of the most efficient thermal power plants in Senegal and will help meet the countrys growing electricity demand. The proposed project''s positive development impact includes: (i) ensuring a reliable and sustainable energy supply in light of Senegal''s urgent needs given strong demand growth and delay of other projects; (ii) reducing average energy generation costs and making power more affordable; (iii) further strengthening of private sector participation in power; and (iv) financing a highly efficient power plant on a fast-track basis which is expected to reduce fuel costs for the offtaker and the country as it displaces less efficient plants in the country.
St. Louis Finances S.A. The proposed project involves the creation of a rural based microfinance institution, St. Louis Finances S.A., (the Company) with headquarters located in the regional capital of northern Senegal, St. Louis. The Company will be the first commercially orientated microfinance institution in Senegal to focus on providing financial services to rural communities. The relatively large number of microfinance institutions operating in Senegal (approx. 800) are based on the cooperative model and serve mainly an urban and semi urban clientele; only 8% of the rural population has access to finance. The Company will establish 8 branches and projects to service up to 30,000 clients by year 5 (Project). As microfinance has been shown to play a major positive role in reducing poverty and unemployment in developing countries, the development impact of the project is expected to be very high. St. Louis Finances will be the first commercially run institution in Senegal to focus on providing microfinance services to the rural population. The regions economy is characterized by cross border trading between Senegal and Mauretania. Small to medium scale farming (cultivation of rice and vegetables) is a second major activity in the region bordering the Senegal River. Both small scale traders and farmers are currently dependent on refinancing through the informal economy at prohibitive rates. This in turn lowers productivity of the farmers as necessary investments in infrastructure are either deferred or canceled due to lack of financing. The Project will also benefit small scale enterprises located in the rural towns and provide them with refinancing alternatives at more reasonable rates.
AEF Societe d'Exploitation des Ressources Thonieres (SERT S.A.) Summary Of Project Information (SPI)       Project Name    Senegal-SERT SA            Region    Sub-Saharan Africa        Sector       Project No007175   Projected Board DateNovember 15, 1995   Company NameSociété dExploitation des Ressources Thonnières   Technical Partner and/or Major Shareholders    	Mr. Saer Seck, a Senegalese national, is the main promoter of the project.  He will own 47% of the shares.  SENINVEST, a venture capital company in Senegal, would own 20% and IFC 33%.    Project Cost Including proposed IFC investment    	Total project cost is estimated at CFA 1.5 million (US$3.0 million equivalent) and IFC has been asked to provide a venture loan of US$900,000 and equity of US$300,000 equivalent.    Location of project and Description of site    	The proposed project, to be located at the Port Autonome de Dakar, aims to develop a small local fleet by acquiring, rehabilitating and transforming two 33-meter seiners into Pole and Line fishing vessels, which is considered to be a more efficient method of fishing than seiners.    Description of Company and Purpose of Project    	The Company intends to purchase two seiners, rehabilitate and transform them into Pole and Line (P&L) tuna fishing vessels.  The Company is expected to catch 2,500 t.p.a. of tuna, to be frozen on board, and then sold locally to canning industries or be exported.    Environmental Category and Issues    	This is an environmental review Category B project.  Key environmental issues that are of potential concern include sustainability of fish stocks, solid waste disposal, and personnel safety.  The fishing technique is selective and dolphin friendly.  The sponsors are required to submit an environmental management plan addressing the issues listed above.    The  is  from the Public Information Center.       Date SPI sent to PIC     September 18, 1995      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).
Tobene IPP Phase 2 table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }      The Tobene expansion project consists of an increase in the installed capacity of the existing Tobene IPP (an HFO fired power plant convertible to gas operations in Senegal) from 96 MW to 115 MW, such that under its Power Purchase Agreement with Senelec it will provide increased a minimum guaranteed capacity, from 70 MW to 105 MW, including 115 MW for the peak demand during the peak season (i.e June to October). The expansion was awarded to Tobene Power SA on a negotiated basis by the Government of Senegal following the successful completion of the existing Tobene, currently owned and operated by the same company. This project is expected to:
(i) Add base load capacity to Senegal's interconnected system helping the country meet it's fast growing electricity demand, and therefore stimulate further economic growth;
(ii) Add flexibility in handling electricity demand and improve the system's overall stability and reliability given its convenient location on the network;
(iii) Displace some of the more expensive energy sources (i.e., rental emergency power plants and older less efficient thermal plants), and hence improve Senelec's financial situation;
(iv) Provide flexibility and cleaner energy to the system as the engines are converted to gas, as this become available in the future; and 
(v) Support Senelec's efforts to establish a strong track record of private sector participation, as it seeks to attract new investors to the country's power sector.
SS Senegal Project The project consists of the development, financing, construction, operation and maintenance of two greenfield, solar photovoltaic power plants in Senegal: i) a 44 MWp (35 MWAC) plant in the Kaolack region, 200 kilometers southeast of Dakar (the Kahone plant); and ii) a 35 MWp (25 MWAC) plant in the Diourbel region, 190 kilometers east of Dakar (the Touba plant). The electricity generated by the plants will be sold to Senelec, the state-owned power utility, under separate 25-year Power Purchase Agreements. The Kahone plant will be connected to the national grid via a 300-meter underground transmission line. The Touba plant will be connected to the national grid via a 3-kilometer transmission line. 1) Stakeholder effects: The project is expected to improve reliability of supply and reducing the average cost of generation. The investment adds 79 MWp of power generation capacity to the electricity grid, sourced at competitive tariffs. The additional capacity substitutes costly thermal capacity based on imported fuels and emergency plants.
2) Environmental and social effects: Displacement of current and future thermal power generation by solar would result in reduced carbon emissions and pollution and contribute to climate change mitigation. 
3) Market creation: By supporting the first IPPs procured under the Scaling Solar framework, the Project demonstrates a competitive replicable model to scale solar PV in Senegal, that also contributes to establishing a low tariff benchmarks.
SOGECA Project Summary Of Project Information (SPI)       Project Name    Senegal-Societe Generale de Credit Automobile (SOGECA)              Region    Sub-Saharan Africa        Sector       Project No003915   Projected Board DateOctober 27, 1995   Company NameSOGECA   Technical Partner and/or Major Shareholders    	Sogeca is a Senegalese leasing company in which IFC acquired a 20% equity stake in FY94.  Other shareholders are a large Senegalese commercial bank, Compagnie Bancaire de lAfrique Occidentale (CBAO) (33%) and Proparco (20%).    Project Cost Including proposed IFC investment    	The total project cost is CFAF1.2 billion (approximately US$2.4 million equivalent).   	Proposed IFC investment:  CFAF600 million (approximately US$1.2 million equivalent)     Location of project and Description of site    	Dakar, Senegal    Description of Company and Purpose of Project    	The proposed facility will replace an undrawn FF6 million Availability Letter Agreement that was approved in conjunction with IFCs equity investment in October 1993.  Sogeca is a dynamic Senegalese leasing company, in which IFC acquired a 20% equity stake in FY94.  IFC is invited to make available a local currency guarantee facility in the amount of CFAF600 million to facilitate the raising by Sogeca of a FCFA-denominated medium-term loan made available by a Malian bank.  It is envisaged that this loan will close the duration gap in Sogecas assets and liabilities.    Environmental Category and Issues    	This is a Category C project according to IFCs environmental review procedures, and as such does not require further environmental evaluation.    The  is  from the Public Information Center.       Date SPI sent to PIC     September 25, 1995      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
RFF ACEP Senegal SL II The proposed project is an investment of up to US$10 million equivalent in XOF in the form of a 5-year senior loan to Union des Mutuelles Alliance de Crédit et d'Epargne pour la Production (UM-ACEP) Senegal, aiming at supporting a successful microfinance institution in Senegal expand its lending operations in the rural finance and MSME space.     The project is part of the Phase I of IFCs Rural Finance Facility (RFF), a platform program being developed by IFC aiming to support financing of micro, small and medium enterprises (MSMEs) in rural areas, including agri-MSMEs, smallholder farmers (SHFs) and rural value chain operators in FCS and low-income IDA countries, in Africa and the Middle East. The RFF program will be implemented in 2 distinct phases: Phase I will identify and support partner financial institutions (PFIs) with an interest in rural finance, and Phase II will focus on supporting farmer cooperatives across multiple value chains to roll-out digitally-enabled finance through partner financial institutions. -	Project Outcomes 
Stakeholders effects: improved access to finance for MSMEs, rural/agri MSMEs - in the context of bridging finance gap for MSMEs (incl. WMSMEs and agri-MSMEs located in rural areas) by deploying (i) its products and services and (ii) access to scarce medium- to long-term finance.
-	Contribution to Market Creation 
Inclusiveness: by demonstrating to other FIs the viability of product offerings and digital channels that meet the funding needs of rural and agri MSMEs in remote locations.
IDA IFC BICIS This project involves a joint IDA-IFC Risk Sharing Facility (RSF) in the local currency equivalent of $5 million ($10 million portfolio size).  The RSF will apply to the portfolios of Small and Medium Enterprise (SME) loans originated by Banque Internationale pour le Commerce et lIndustrie du Senegal (BICIS), one of the two banks selected by the Government of Senegal (GoS) to benefit from this RSF program.  The RSF to be issued by IFC will cover up to 50% of the credit risk of the commercial banks portfolio of new SME loans, with IDA funds of up to $1 million taking the first loss risk to IFC.   IDA funds will be held in euros in a World Bank Trust Fund and will take 50% of the first loss risk.  The commercial banks will share all losses on a 50-50 basis with the IFC-IDA RSF.   In addition to the guarantee, the project envisages two technical assistance (TA) components:    - TA to each commercial bank, with the objective of transferring the necessary skills and procedures to better service the SME sector and thus enhance the banks capacity to underwrite new SME loans on a profitable and sustainable basis; and  - TA to SMEs, which aims to help bridge the gap between the SMEs and the banks by providing some basic financial and management training to the SMEs. This project is part of a much larger IDA project, the Private Investment Promotion Project (PIPP), a. multi-sector project that seeks to stimulate private investments and to build capacity.   Development Impact:    Consistent with the objective of supporting sustainable private sector development, this RSF contributes to high development impact in two key, high-priority areas:   - Development of the financial sector in Sub-Saharan Africa:  Improving the capacity of banks can lead to increased efficiency and stability in the financial markets.  A sound financial sector contributes to the development of the local economy and attracts foreign investment.   - Development of the SME sector:  The SME sector makes up a large share of Senegals economic output and makes several vital contributions, including the creation of jobs and increasing economic activity. Increased access to finance and capacity building for this sector, facilitated by the PCG, can lead to higher levels of entrepreneurial activity, private sector development and improvement in economic output.  Furthermore, the project would support the GoSs objective of accelerating poverty reduction by furthering sustainable, equitable economic growth and will:   - increase SME access to medium term finance;  - promote the competitiveness of selected industries, including enhancing linkages and know-how transfer between large businesses and SMEs and working within high potential value chains to alleviate critical bottlenecks identified through careful supply chain analysis;  - promote a conducive business environment for domestic and foreign investment.
Teylium Chain Hotel The project is the greenfield construction of a 180 room, five-star hotel to be operated by Radisson SAS in Dakar.  The hotel will be fully owned by a subsidiary of the Teylium International Group, a diversified holding company, and is scheduled to open at the end of the second quarter of 2008. The project will have several positive development impacts.  

- Improved Business Environment: 

The project will add to the number of high quality accommodations in Dakar by supporting the construction of a 180 room hotel operated by Radisson, thereby encouraging increased business, tourism and retail activities in the country.  It is also expected to improve the appearance of the city and its competitiveness as a domestic and regional commercial hub.

- Enhancing Local Supply Chain: 

The project will generate both downstream and upstream local supply linkages, contributing to the development of Senegal.

- Employment Generation: 

The project will create new employment, both directly and indirectly.  It will provide additional direct employment with a multiplier effect along the supply chain. In addition, temporary employment will be provided to local labor during the construction phase.  

- Improved Life and Fire Safety Performance:

Adherence to IFC life and fire safety policies will improve the Groups practices and hence improve safety for users; this is also expected to set a best practice for other developments to follow.
Societe Industrielle Agro-Alimentaire S.A table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }        IFC is considering to provide financing of up to EUR4.5 million to support the modernization of Societe Industrielle Agro-Alimentaire (the "Company" or SIAGRO), a Senegal-based beverage producer (primarily mineral water, juice drinks and UHT milk)(the Project). -	Increased availability of good quality and affordable beverages. 
-	Support to rural livelihoods through development of local fruit & milk value chains.
-	Direct and Indirect job creation. 
-	SIAGRO distributes milks to schools in Dakar, Senegal, thereby promoting nutrition and learning. 
-	Increased tax revenues.
BHS Senior Loan The Project consists of a multi-phase investment package in the amount of US$38.5 million to Banque de lHabitat du Senegal (BHS or the Bank), the leading housing finance bank in the country, to increase access to mortgages for low to middle income families and support developers to build more green and affordable houses. The first phase of the project consists in a debt instrument and subsequent investments might include debt, equity or quasi-equity instruments, to be decided upon and approved at a later date.   The use of proceeds is earmarked for affordable housing retail mortgages and/or lending to developers. Assessment of Project Outcomes
Stakeholder effects  Increased access to mortgage finance for homebuyers: Currently, the housing gap is estimated to be around 633,800 housing units. To ease the existing housing gap in the market by making housing finance more accessible, BHS intends to increase its mortgage portfolio for low to middle-income households.
Stakeholder effects  Increased access to developer finance for green and affordable housing:  Senegals housing deficit is projected to grow by around 12,000 housing units per year or about 181,000 additional units by 2030. The proposed IFC funding and advisory services will help BHS increase access to funding to developers operating in the affordable segment. The Project seeks to increase affordable housing units over at least five green-certified projects over the next seven years. 

Assessment of Project Outcomes

Competitiveness: By building upon the current regulatory work by the Government of Senegal and the World Bank Group to ease the constraints to develop the housing sector in Senegal and by offering synchronized financing for both supply- and demand-side players to BHS, the Project provides a replicable housing finance model that could trigger a significant shift in the underdeveloped housing market in Senegal. This is expected to send a positive signal to the market regarding the commercial viability of the affordable housing segment. IFC expects other Banks to enter the housing finance market, particularly focusing on the untapped lower end of the commercial market spectrum.
SME GEM Senegal This project involves a Risk Sharing Facility (RSF) in the local currency equivalent of $2 million ($4 million portfolio size). The RSF will apply to a portfolio of new loans to be extended to women-owned Micro, Small and Medium Enterprises (MSMEs) by Ecobank Senegal (EBS or the Bank), the bank selected for this RSF. The RSF will cover up to 50% of the credit risk of the Banks portfolio of new loans to women-owned MSMEs (the Borrowers). The Bank will share all losses on a 50-50 basis with the IFC.  In addition to the guarantee, the project envisages two Advisory Services (AS) components:   - AS to the bank, with the objective of better servicing women-owned MSMEs sector; and  - AS to women-owned MSMEs, which aims to bridge the gap between these potential borrowers and the bank by providing some financial and management training to women-owned MSMEs.  This combined investment and AS program presents a unique opportunity for IFC to provide practical interventions both at the institutional and firm levels.  The program will help increase the capacity of EBS to outreach to women entrepreneurs, while at the same time providing businesswomen with much needed financial literacy and management skills.  This will enhance their ability to access and properly use commercial bank finance. The project is expected to have a high impact through a direct contribution to private sector development by:   - enabling women entrepreneurs to create jobs that are more likely to employ other women and contribute additional income to address household poverty reduction and pay schooling for children;  - improving and increasing access to finance for women owned businesses, an underserved sector in Senegal;  - the AS will assist women in developing a savings culture and provide training on business skills on how to access credit for those who want to borrow. A further and longer term benefit could be reduced costs for private sector as competition among banks intensifies.  Consistent with IFCs objective of supporting sustainable private sector development, this RSF will also have a high development impact in line with the Government of Senegal (GOS)s objective of accelerating poverty reduction by contributing to sustainable and equitable economic growth and it will:  - Create a demonstration effect within the banking sector concerning the sustainability and the profitability of lending to women-owned MSMEs; and - Promote the competitiveness of selected industries, including enhancing linkages and know-how transfer between large businesses and women-owned MSMEs.