PROJECT

Projects

Environmental & Social Review Summary

Project Number

32865

Company Name

AFRIMAX LIMITED

Date ESRS Disclosed

Feb 27, 2013

Country

Africa Region

Region

Africa

Last Updated Date

Jun 12, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 18, 2013
Signed : Jun 28, 2013
Invested : Nov 14, 2013

Sector

Cable and Broadband

Industry

Telecommunications and Technology

Department

TMT, Venture Capital & Funds

Project Description

The Project involves an equity investment by IFC of up to US$10 million in a project with a total estimated cost of US$34.4 million, involving the operations of Afrimax, a greenfield holding company registered in the Netherlands. Afrimax is planning to build out and launch wireless broadband operations in Rwanda and Uganda, using Long Term Evolution, the latest wireless communication technology standard. The objective is to bring ‘last mile’ communication solutions to the unserved and underserved population, allowing them to benefit from fast and reliable internet access.

Overview of IFC's Scope of Review

The review of this project consisted of a site visit in January 2013 by IFC staff to Afrimax Limited (“Afrimax” or the “Company”) in London, Rwanda, and Uganda, to obtain direct understanding of the Company’s proposed operational activities. IFC also appraised technical, environmental and social information submitted by submitted by Afrimax, including a Site Survey Form, Employee Handbook, Social and Environmental Policy and Framework, and Code of Ethics.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan