XM-DAC-903-SII-36704
International Finance Corporation
SMTP Madagascar
The proposed IFC investment is to support Société Malgache de Transformation des Plastiques (SMTP) agribusiness subsidiaries, and would consist into: Capital Expenditures for expansion of Agrifarms Day Old Chicks production capacity; Permanent working capital to increase Agrivals animal feed production; Capital expenditures for a green field slaughterhouse for Mabel. SMTP group is a conglomerate in Madagascar, with activities in agribusiness (including industrial bakery), plastics, packaging, woven polypropylene, construction and civil works, automobile dealership, real estate (residential and commercial).
(i) The Project would create c. 150 direct jobs, as well as indirect employment; (ii) linkages with small holder farmers: the Project would require Agrival to increase animal feed production, including maize which is sourced from small holder farmers; (iii) the Project would create a modern slaughterhouses for poultry and help provide best practices health & safety standards for the sector.
SOCIETE MALGACHE DE TRANSFORMATION DES PLASTIQUES SA
Name/Address: Mr. Danilhoussen Ismael, Executive President Groupe SMTP. Lot 01 A Ambohibao Antananarivo Madagascar Tel : +261 32 07 845 80; E-mail : mailto:ismaeld@groupe-smtp.com Web site : http://www.groupe-smtp.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Groupe SMTP. Lot 01 A Ambohibao Antananarivo Madagascar Tel : +261 32 07 845 80
Madagascar
Antananarivo, Madagascar.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
A-BB - Poultry Farming
Total: $1.50 million
1500000.00
1500000.00
SOCIETE MALGACHE DE TRANSFORMATION DES PLASTIQUES SA
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36704/smtp-madagascar
XM-DAC-903-SII-36882
International Finance Corporation
Airports Madagascar
The Project consists in a 28-year concession to expand, rehabilitate, operate and maintain the two largest airports in Madagascar: (i) Ivato Airport serving Antananarivo, the capital city; and (ii) Fascene Airport serving the island of Nosy Bé, one of the most popular tourist destinations of the country.
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
Ravinala Airports
Ravinala Airports BP - 133 - Anosibe - 101 ANTANANARIVO - MADAGASCAR Email: mailto:ravinala@colas-mg.com Phone: +261345486016
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Ravinala Airports BP - 133 - Anosibe - 101 ANTANANARIVO - MADAGASCAR Email: mailto:ravinala@colas-mg.com Phone: +261345486016
Madagascar
The Project is located in: (i) Ivato (in the vicinity of Antananarivo); and (ii) the island of Nosy Bé.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
E-BD - Other Support Activities for Transportation (Grain Terminals, Cargo Terminals, Airport Operations)
Total: $149.07 million
10650000.00
138420000.00
10650000.00
Ravinala Airports
138420000.00
Ravinala Airports
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36882/airports-madagascar
Development Results
Development Result Description
Indicator
Organizational capacity and Management Programs(%)
Organizational capacity and Management Programs(%)
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
Indicator
Occupational Health and Safety(%)
Occupational Health and Safety(%)
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
Indicator
Affected communities protection(%)
Affected communities protection(%)
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
Indicator
Compensation and resettlement(%)
Compensation and resettlement(%)
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
Indicator
Direct Employment (#) - Operations and Maintenance
Employment (#)
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
Indicator
Female Direct Employment (#) - Operations and Maintenance
Female Employment (#)
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
IFC''s involvement in this Project is expected to: (i) contribute to the expansion, rehabilitation, operation and maintenance of country''s two main airports without recourse to public funding; (ii) increase the capacity and improve the service levels of these two airports; and (iii) support the development of air transportation to/from and within the island, thereby increasing the mobility of people and goods.
XM-DAC-903-SII-38036
International Finance Corporation
BOVIMA Project
The greenfield project entails the development of the first modern feedlot and abattoir in Southern Madagascar. The project aims to be a catalyst in assisting the Madagascar livestock industry to grow and reach its full export potential.
The Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Excellent. The most significant, expected project-level outcome is improved access to market for herders and smallholder farmers, increased employment, and more economic activity in one of the poorest regions of Madagascar. Beyond the project, IFC anticipates that this investment has the potential to promote greater integration and market competitiveness via the creation of a new market for meat exports and animal feed, linked to global value chains.
BOVIMA CENTER
Company: BOVIMA Point of Contact: Danilhoussen Ismael Title: Sponsor Telephone Number: +261 32 07 845 80 Email: ismaeld@groupe-smtp.com Mailing Address: Groupe SMTP Lot 01A Ambohibao, Antehiroka, Antananarivo 101 Madagascar Website
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Groupe SMTP Lot 01A Ambohibao Antehiroka, Antananarivo 101 Madagascar
Madagascar
Project is located in Fort-Dauphin, in a remote part of Southern Madagascar, one of the poorest regions of the country
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
A-BA - Cattle Farming
Total: $3.50 million
3500000.00
3500000.00
BOVIMA CENTER
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38036/bovima-project
XM-DAC-903-SII-41632
International Finance Corporation
FCS RE-Biovanilla
The Project is to provide an export pre-financing facility to BIOVANILLA SARLU (Biovanilla) for the purchasing and processing of vanilla beans for exports to international offtakers.
The Project is expected to have a GOOD development impact
- At the Project level: The most significant, expected project-level outcome is the growth in the exporter's sourcing network, combined with an increase in producer vanilla yields and certification.
- At the Market level: IFC anticipates its investment in the Malagasy vanilla supply chain, coupled with the activities of IFC Advisory, will encourage systemic changes to the vanilla market in the country by increasing sustainability, through replication and demonstration effects and building capacity and skills.
BIOVANILLA SARLU
Biovanilla Eric Sinikely Patine, General Manager 00261320543729 eric@biovanilla.fr Rue du Commerce Sambava www.biovanilla.fr
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Biovanilla, Rue du Commerce, Sa mbava , Madagascar
Madagascar
Biovanilla facilities are located in Sambava and Ambanja in the Diana region, North of Madagascar.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
A-AG - Diversified Edible Agricultural Crops Production
Total: $15.75 million
15750000.00
15750000.00
BIOVANILLA SARLU
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41632/fcs-rebiovanilla
XM-DAC-903-SII-41633
International Finance Corporation
Ramex Project
The Project is to provide an export pre-financing facility to Ramanandraibe Exportation (Ramex) for the purchasing and processing of vanilla beans for exports to international offtakers.
The Project is expected to have a GOOD development impact
- At the Project level: The most significant, expected project-level outcome is the growth in the exporter's sourcing network, combined with an increase in producer vanilla yields and certification.
- At the Market level: IFC anticipates its investment in the Malagasy vanilla supply chain, coupled with the activities of IFC Advisory, will encourage systemic changes to the vanilla market in the country by increasing sustainability, through replication and demonstration effects and building capacity and skills.
RAMANANDRAIBE EXPORTATION SA
Ramanandraibe Export Hanta RAJAONERA Chief Executive Officer 00261202222044 spices&commodities@ramex.mg 24 Rue Ratsimilaho BP 4164 Antananarivo, Madagascar
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 24 Rue Ratsimilaho BP 4164 Antananarivo, Madagascar
Madagascar
Ramex facilities are located in six cities: Sambava, Antalaha, Ambanja, Andapa, Maroantsetra, Mananara Nord, but all conditioning and packing is done in two centers: Antalaha or Sambava in the SAVA Region, north-eastern Madagascar.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
A-AG - Diversified Edible Agricultural Crops Production
Total: $10.50 million
10500000.00
10500000.00
RAMANANDRAIBE EXPORTATION SA
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41633/ramex-project
XM-DAC-903-SII-47305
International Finance Corporation
BOP PAMF Project
The proposed project consists of a 3-year senior unsecured loan of up to US$2 million in Malagasy Ariary to Premiere Agence de Microfinance (PAMF or the Company) to enable the provision of funding to Micro and Small-sized enterprises that have been negatively impacted by the COVID-19 pandemic in Madagascar (the Project). The project will be processed under IFCs Base of the Pyramid (BOP) COVID-19 Crisis-Response Program (project #44915) and will be supported by IDA-PSW Blended Finance Facility and IDA-PSW Local Currency Facility.
Project-level Outcomes: Stakeholder Effects: IFC anticipates that this Project will improve access to finance for consumers, Micro, Small and Medium-sized Enterprises to support economic activity and resilience in the aftermath of the COVID-19 crisis.
Market-level Outcome: Resilience: IFC anticipates that the Project will support resilience amongst microfinance and BOP finance providers catalyzing investments in the sector by demonstrating the viability of lending to BOP providers and crowding in other sources of international investors in support of these lenders.
PREMIERE AGENCE DE MICROFINANCE
PAMF - Première Agence de Microfinance Guy Ratsimbazafy Chief Executive Officer +261 32 05 035 05 g.ratsimbazafy@pamf.mg 1, Làlana Solombavambahoaka Frantsay 77 Antsahavola, Madagascar https://www.pamf.mg/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
Republic of Madagascar
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $2.00 million
2000000.00
2000000.00
PREMIERE AGENCE DE MICROFINANCE
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47305/bop-pamf-project
XM-DAC-903-SII-47590
International Finance Corporation
BOP ACEP Project
The proposed project consists of a 3-year senior unsecured loan of up to US$2.5 million in Malagasy Ariary to ACEP Madagascar S.A. (ACEP or the Company) to enable the provision of funding to micro and small-sized enterprises (MSEs) that have been negatively impacted by the COVID-19 pandemic in Madagascar (the Project). The Project will be processed under IFCs Base of the Pyramid (BOP) COVID-19 Crisis-Response Program (Project #44915) and will be supported by IDA Private Sector Window (PSW) Blended Finance Facility and IDA-PSW Local Currency Facility.
Project-level Outcomes: Stakeholder Effects: IFC anticipates that this Project will improve access to finance for MSEs to support economic activity and recovery in the aftermath of the COVID-19 pandemic and the recent tropical cyclones. Market-level Outcome: Resilience: IFC anticipates that the Project will support resilience amongst microfinance and BOP finance providers catalyzing investments in the sector by demonstrating the viability of lending to BOP providers and crowding in other sources of international investors in support of these lenders.
ACEP MADAGASCAR S.A
ACEP Madagascar S.A. Mahefa Randriamiarisoa CEO +261202237460 contact@acep.mg 120, Rue Rainandriamampandry Faravohitra, Antananarivo, Madagascar https://acep.mg/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
Republic of Madagascar.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $2.50 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47590/bop-acep-project
XM-DAC-903-SII-46265
International Finance Corporation
BOP Madagascar
The proposed investment program consists of three senior unsecured loans for a total amount of up to US$27 million in Malagasy Ariary (MGA) equivalent, with maturities between up to 3 and 5 years, to UNICECAM (UNICECAM), SIPEM Banque (SIPEM), and Société Générale Madagasikara (SGM and collectively with UNICECAM and SIPEM, the Companies) to enable the provision of funding to micro, small and medium enterprises (MSMEs) in Madagascar, which have been negatively impacted by the COVID-19 pandemic (the Project).
Project-level Outcomes: Stakeholder Effects: IFC anticipates that this Project will improve access to finance for MSMEs to support economic activity and resilience in the aftermath of the COVID-19 crisis.
Market-level Outcome: Resilience: IFC anticipates that the Project will support resilience amongst microfinance and BOP finance providers catalyzing investments in the sector by demonstrating the viability of lending to BoP providers and crowding in other sources of international investors in support of these lenders.
BOP Madagascar
Societe Generale Madagascar Thibault Vallet Director of Public Relations +261 (0) 20 22 232 58 - 9409 Thibault.vallet@socgen.com 14 rue Général RABEHEVITRA, Antananarivo 101 https://societegenerale.mg/ Company: SIPEM Banque Hanitriniaina Raharivololona Financial Controller +261 (0) 20 20 300 98 Coges.aina@sipem.mg Lot A 216 H, Andavamamba 101, Antanarivo, Madagascar www.sipembanque.mg Company: UNICECAM Malala Andrianony Director of Marketing and Digital Project +261 34 05 487 05 m.andrianony@unicecam.mg Lot IVM 104 RD, Andohatapenaka I, 101 Antananarivo, Madagascar http://www.cecam.mg/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
Republic of Madagascar
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $27.00 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46265/bop-madagascar
XM-DAC-903-SII-48039
International Finance Corporation
BOP BNI Madagascar
The proposed project consists of a 4-year senior unsecured loan of up to US$30 million in Malagasy Ariary
(MGA) equivalent to BNI Madagascar (BNI or the Bank) to support the provision of funding to micro,
small, and medium-sized enterprises (MSMEs) that have been negatively impacted by the COVID-19 pandemic
in Madagascar (the Project). 30% of the loans proceeds will be earmarked to women and women-owned
MSMEs, on a best-efforts basis. The Project is being processed under IFCs Base of the Pyramid (BOP) Platform and will be supported by the IDA Private Sector Window (PSW) Blended Finance Facility (BFF) and the IDAPSW Local Currency Facility (LCF).
Project-level Outcomes: Stakeholder Effects - Access to finance, already limited for microentrepreneurs and SMEs, has become increasingly difficult in the current context due to high borrowing costs and decreasing risk appetite by financial institutions. The Project supports BNI, a leading financial institution in Madagascar, to provide financing to support microentrepreneurs and SMEs in overcoming liquidity constraints and pursue opportunities for economic recovery and growth. Market-level Outcome: Resilience - IFC anticipates that the project will support resilience amongst BOP finance providers - including banks and microfinance institutions - by helping the market deal with persisting uncertainty, tighter financial conditions and catalyzing investments in the sector by demonstrating the viability of lending to BOP providers.
BNI MADAGASCAR SA
BNI Madagascar Issam El Ansari Head of Global Transactions and Financial Banking Services (+261) 20 22 396 36 Issam.El-Ansari@bni.mg Antananarivo 101, Madagascar Websitehttps://www.bni.mg/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
Republic of Madagascar. BNI is headquartered in Antananarivo and has 112 branches covering all regions of the country.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
O-AH - Commercial Banking - SME Finance
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48039/bop-bni-madagascar
XM-DAC-903-SPI-7922
International Finance Corporation
AEF Grands Hotels de Madagascar
Summary of Project Information (SPI) Country/Project Name: MADAGASCAR - Grands Hôtels de Madagascar Region: Sub-Saharan Africa Sector: Hotels and Tourism Project No.: 7922 Projected Board Date: December 20, 1996 Company Name: Grands Hôtels de Madagascar Technical Partner and/or Major Shareholder: The technical partner is Protea Hotels and Inns (Pty) Ltd. The project is sponsored by Société des Grands Hôtels de Madagascar (GHM), a company created in 1994 and owned by three businessmen. Mr. Serge Besson is a Malagasy national of French origin and has a 51% interest in the company. His brother, Gilles Besson, holds a double Malagasy and French nationality and has a 14% interest. Mr. Michel Louvet is a French national who has 35% interest. Project Cost Including Proposed IFC Investment: US$2.7 million equivalent, including a proposed IFC A loan of US$1 million. Location of Project and Description of Site: The project is located in Faravohitra, in the city centre of Antananarivo, Madagascar. Description of Company and Purpose of Project: The project is to develop a 43-room three-star hotel in Antananarivo. The hotel will include a 100-seat restaurant, cocktail bar and boulevard cafe, and a small conference room. The hotel will help generate incremental foreign exchange; create employment; and increase hotel capacity in Madagascar, thus lessening constraints to tourism development. Environmental Category and Issues: This is an environmental review category B project. Environmental and occupational health and safety issues include liquid and solid waste disposal, power and water supply, CFCs, housekeeping and hygiene, general safety training, earthquake and fire protection. The sponsor will comply with applicable World Bank guidelines. The Environmental Review Summary is expected to be available on or about December 2, 1996 from the Public Information Centre. Date SPI sent to PIC: November 20, 1996 For additional information contact: Corporate Relations Unit - telephone: (202) 473-7711 - facsimile: (202) 676-2365. 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).
Grands Hotels de Madagascar
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
AA - City and Business Hotel
Total: $1.11 million
1110000.00
1110000.00
Grands Hotels de Madagascar
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7922/aef-grands-hotels-de-madagascar
XM-DAC-903-SPI-9786
International Finance Corporation
BOA Madagascar (BTM Privatization)
Summary Of Project Information (SPI) Project Name Madagascar - Bank of Africa Madagascar RegionSub-Saharan Africa Sector Project No009786 Projected Board DateNovember 1, 1999 Company NameBank of Africa Madagascar (BOA-M) Technical Partner and/or Major Shareholders African Financial Holdings (AFH) is the government of Madagascar''s preferred bidder to become a majority shareholder and technical partner of BOA-M. AFH is the holding company for the Bank of Africa network in West Africa, a successful banking group providing a full range of retail and corporate banking and leasing services. Other shareholders include the government of Madagascar (15%), the Dutch development Agency FMO, and local private shareholders. Project Cost Including proposed IFC investment Project Cost: up to US$ 8.7 million IFC Investment: up to US$ 2.2 million (a US$1.7 million equity investment and a US$0.5 million subordinated convertible loan). Location of project and Description of site Bank of Africa Madagascar will be headquartered in Antananarivo, Madagascar. Description of Company and Purpose of Project The project involves the privatization of the Bankin''Ny Tantsaha Mpamokatra (BTM), one of the largest financial institutions in Madagascar. The privatization of the last state-owned commercial bank marks a pivotal step in the country''s market reform strategy, and for the first time in decades, the country will have a nation-wide banking system run on purely commercial principles. Environmental Category and Issues This is a Financial Intermediary (FI) Type 1 project according to IFC''s environmental and social review procedure. For relevant operations, BOA-M will be required to implement an environmental management system requiring that investments and client activities under relevant operations comply with the environmental, health and safety requirements of Madagascar. IFC will assess BOA-Ms capability to carry out environmental reviews and will work with BOA-M to develop the capacity to meet these requirements, providing training as deemed necessary BOA-M will be required to provide an annual environmental performance report to IFC. Date SPI sent to InfoShop September 29, 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
BANK OF AFRICA
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
AA - Commercial Banking - General
Total: $2.18 million
580000.00
1600000.00
580000.00
BANK OF AFRICA
1600000.00
BANK OF AFRICA
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9786/boa-madagascar-btm-privatization
XM-DAC-903-SPI-11442
International Finance Corporation
Cottonline S.A.
The project consists of setting-up a 600 sewing machine, apparel manufacturing factory in Madagascar, Cottonline S. A. (the company or cottonline), specializing in knit and woven casual wear, intimate apparel, sleep wear and active wear products for the US and European markets (the project). The company was incorporated in July 2001 and currently utilizes 300 sewing machines. IFCs investment will be used for financing the additional capital investment needed to complete the Project and for funding a part of the working capital requirement of the project.
COTTONLINE SA
Mr. Nalaka Rambukpota, General Manager
P.K. 169, Route d Ambositra
Antsirabé, Madagascar
Phone: (261 20) 444 84 22
Fax: (261 20) 444 83 65
Or, Mr. Nalaka Godahewa, Managing Director
C/o Linea Mas (Pvt) Ltd.
7th Lane, Off Borupana Road
Kandawalawatte, Kandawala
Ratmalana, Sri Lanka
Phone: (94 74) 207300 Ext 330
Fas: (94 74) 207366
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
The plant is built on a 20,000 m2 site located in Antsirabé, Madagascar, which is 175 km from Antananarivos international airport and 530 km away from the main port of Toamasina on the east coast of the country.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
CA - Garment and Apparel (Without Fabric , Excluding Footwear)
Total: $5.00 million
5000000.00
5000000.00
COTTONLINE SA
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11442/cottonline-s-a
XM-DAC-903-SPI-24498
International Finance Corporation
BNI-Leasing
The proposed transaction consists of an equity investment of up to Euro 80,000 ($100,000 equivalent) for a 20% stake in BNI-Leasing, a private sector leasing company in Madagascar, which IFC will help establish. The company is being sponsored by BNI-Credit Lyonnais Madagascar, the largest commercial bank in the country in terms of total assets, will be considered a subsidiary of BNI-CLM and is expected to be capitalized at approx. Euro 400,000. It will also be one of only two leasing companies in the country and will cater to both corporate and SMEs operating in the private sector. The project will address the countrys growing demand for long-term equipment financing in the tourism, construction, transportation, textile and fishery sectors. This proposed project would be considered part of IFCs participation in the IDA-IFC MSME project for Madagascar, which is part of the IDA Integrated Growth Poles project (the IG2P project). Under the IG2P project, BNI-Leasing is expected to have a high developmental impact on the Malagasy economy, especially given IFCs active role as advisor to the Malagasy government in that it helped to: - establish the regulatory framework for leasing and - draft the Leasing Law.
BNI MADAGASCAR SA
Mr. Luc Beiso, Deputy Managing Director 74, Rue du 26 juin 1960, Antananarivo 101, Madagascar
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
BNI-Leasing, a greenfield project, is expected to be operational in March 2006. It will be located at Espace Zenith, in Antananarivo.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
LB - Leasing Services
Total: $0.10 million
100000.00
100000.00
BNI MADAGASCAR SA
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24498/bnileasing
XM-DAC-903-SPI-24694
International Finance Corporation
BFV-SocGen Project
This project involves a joint IDA-IFC Partial Credit Guarantee (PCG) in the local currency equivalent of $6.25 million ($12.5 million portfolio size). The PCG will apply to the portfolios of Small and Medium Enterprise (SME) loans originated by BFV-Société Générale (BFV-SG) and one of the two banks selected by the Government of Madagascar (GoM) to benefit from this PCG program. The PCG 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 $1.25 million taking the first loss risk to IFC. IDA funds will be deposited in dollars 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 PCG. 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.
SOCIETE GENERALE MADAGASIKARA
BFV-Société Générale 14, rue Général Rabehevitra Antaninarenina B.P. 196 Antananarivo 101, Madagascar Attn: Mr. Marcel Lenguin Managing Director Tel: (261) 20 22 264 24 Fax: (261) 20 22 235 40
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
This project is part of a much larger IDA project of approximately $130 million called the Integrated Growth Poles Project (IG2P) which aims to support the economic development of three main regions in Madagascar: the capital area in the Center of the Island, Nosy Be in the North and Fort Dauphin in the South. The IG2P project was approved by the IDA Board in July 2005. The PCG component of this IG2P project aims to help mobilize much-needed financing for the SMEs, build the selected banks capacity to provide SME financing in a sustainable way, and expand the number of bankable SMEs, so that they can benefit from the trickle down effects of the larger IG2P infrastructure works.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
AA - Commercial Banking - General
Total: $12.20 million
12200000.00
12200000.00
SOCIETE GENERALE MADAGASIKARA
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24694/bfvsocgen-project
XM-DAC-903-SPI-24695
International Finance Corporation
BNI-CLM PCG
This project involves a joint IDA-IFC Partial Credit Guarantees (PCG) in the local currency equivalent of $6.25 million ($12.5 million portfolio size). The PCG will apply to the portfolios of Small and Medium Enterprise (SME) loans originated by BNI-Crédit Lyonnais Madagascar (BNI-CLM) and one of the two banks selected by the Government of Madagascar (GoM) to benefit from this PCG program. The PCG 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 US$1.25 million per bank taking the first loss risk to IFC. IDA funds will be deposited in dollars 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 PCG. 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.
BNI-CREDIT LYONNAIS MADAGASCAR
Mr. Dominique Tissier, MD BNI-Credit Lyonnais Madagascar 74, rue du 26 juin 1960 Antananarivo 101, Madagascar Tel : (261 20) 22 228 00 Fax : (261 20) 22 249 51
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
The project is part of a much larger IDA project of approximately $130 million called the Integrated Growth Poles Project (IG2P), which aims to support the economic development of three main regions in Madagascar: the capital area in the Center of the Island, Nosy Be in the North and Fort Dauphin in the South. The IG2P project was approved by the IDA Board in July 2005. The PCG component of this IG2P project aims to help mobilize much-needed financing for SMEs, build the selected banks capacity to provide SME financing in a sustainable way, and expand the number of bankable SMEs, so that they can benefit from the trickle-down effects of the larger IG2P infrastructure efforts.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
AA - Commercial Banking - General
Total: $12.20 million
12200000.00
12200000.00
BNI-CREDIT LYONNAIS MADAGASCAR
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24695/bniclm-pcg
XM-DAC-903-SPI-25410
International Finance Corporation
AccesBanque Madagascar
The project consists of a senior loan (in local currency, if feasible), an equity investment and a technical assistance grant to AccèsBanque Madagascar. AccèsBanque Madagascar will be a new microfinance bank sponsored by LFS Financial Systems (LFS), a German consulting firm with recognized expertise in microfinance, and AccessHolding, its associated investment company. AccèsBanque Madagascar will provide financial services to urban and semi-urban micro and small enterprises as well as low-income groups in the Madagascar market. It is expected that after five years, the bank will have eight branches, a portfolio comprising 15,000 customers, and an outstanding loan portfolio of $17.8 million.
The project will have a high development impact considering that microfinance has been shown to play a major positive role in reducing poverty and unemployment in developing countries. The initiative will jump-start the provision of microfinance services in Madagascar, where access to finance is sporadic for low-income populations. By creating a new institution able to sustain microfinance on commercial terms and following best practices, the project has the potential to generate a substantial increase in the long-term availability of financial services for the poor. The project will also show local banks that sound microfinance can be profitable and will demonstrate the commercial merits of transparency, HR investments and strategic planning. As a consequence, it is expected that the interest of local banks in the microenterprise and SME sector will be strengthened.
ACCESBANQUE MADAGASCAR
Bernd Zattler, Managing Director LFS Financial Systems Linienstr. 126 10115 Berlin, Germany Website: http://www.lfs-consulting.de/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
AccèsBanque Madagascar will focus on micro and small enterprises in urban areas, beginning in the capital city of Antananarivo and then expanding to the other main cities in Madagascar.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $2.26 million
1800000.00
460000.00
1800000.00
ACCESBANQUE MADAGASCAR
460000.00
ACCESBANQUE MADAGASCAR
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25410/accesbanque-madagascar
XM-DAC-903-SPI-25436
International Finance Corporation
MicroCred Parallel Facility - Madagascar
MicroCred Madagascar is a greenfield microfinance institution (MFI). It will propose a range of products from micro-loans for micro-enterprises to loans for small and medium-sized enterprises (SMEs). It will target local urban entrepreneurs with limited access to formal financial services in Madagascar. It will focus its activities in the major cities of Madagascar. MicroCred Madagascar will be managed by local and international staff with prior experience in micro and small business lending. It will also be supported by technical assistance from MicroCred S.A. (MicroCred Holding).
The developmental impact of MicroCred Madagascar is expected to be far reaching in terms of its economic support for productive micro-entrepreneurs, small businesses and SMEs, employment generation and providing access to finance to an underserved segment of the market.
Microcred
Mr. Arnaud Ventura, Managing Director and CEO MicroCred S.A. 13 rue Dieumegard 93400 Saint-Ouen Telephone: + 331 4921 2626 Fax: +331 4921 2627 E-mail: aventura@microcred.org Website: www.microcred.org
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Madagascar
MicroCred Madagascar will be headquartered in Antananarivo. The initial investment operations of the company will be based in Antananarivo.
Location description
A description that qualifies the activity taking place at the location.
-20.0000000000 47.0000000000
HA - Microfinance and Small Business - Non Commercial Banking
Total: $3.97 million
3360000.00
610000.00
3360000.00
Microcred
610000.00
Microcred
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25436/microcred-parallel-facility-madagascar