PROJECT

Projects

Environmental & Social Review Summary

Project Number

46217

Company Name

Duval Great Lakes Ltd

Date ESRS Disclosed

May 22, 2023

Country

Africa Region

Region

Africa

Last Updated Date

Dec 24, 2023

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Jul 7, 2023
Signed : Jul 13, 2023
Invested : Dec 22, 2023

Sector

other

Industry

other

Department

Regional Industry - MAS Africa

Project Description

The proposed IFC investment is a senior A-loan investment of up to US$17.5 million and the mobilization of other lenders by IFC for another up to US$17.5 million to Groupe Duval (“Duval” or “the Group”) and its subsidiary, Duval Great Lakes (“DGL”) to support the construction of a mixed-use property building (the “Project” or “Project Inzovu”). The Project will be located on a site where a government building housed the supreme court which has already been demolished at the time of appraisal. This Project involves the construction of a mixed-use property complex that includes a shopping, food & beverage and entertainment area, a serviced apartment hotel, as well as office, co-working and conference space. The Project is planned to constitute a total of 41,057 sqm of gross building area and is located on the Western side of Kigali, in an area called Kimuhurura, opposite the Kigali Convention Center. For the location of the development please refer to: https://goo.gl/maps/5DTpRsXiN29gNBWM8

Overview of IFC's Scope of Review

IFC’s review of this proposed investment consisted of desktop review of environmental, health and safety (EHS) and social related information submitted by Groupe Duval including corporate environmental and social (E&S) policies and procedures, as well as other corporate and project specific documents.

Virtual meetings were conducted with Duval headquarters (HQ) in Paris on 30-31st of January 2023 with review of examples of a previous project of a similar description executed in Abidjan.

At HQ, meetings were held with company’s senior management, group CSR manager E&S specialist based in Cote D’Ivoire, group HR manager, and with external environmental and social specialists hired by the company that conducted the supplementary ESIA (supplementary lender information package (SLIP)).

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan

Client Documentation

File Name Actions
DUVAL Mall_SLIP_Appendices A-D.pdf
DUVAL Mall_SLIP_Main document.pdf
EIA for Kigali Mall project.pdf
SD-WD.106_Traffic Report.pdf