PROJECT

Projects

Summary of Investment Information

Project Number

34224

Company Name

CITICC (AFRICA) Holding Limited

Date SPI Disclosed

Apr 3, 2014

Country

Africa Region

Region

Africa

Projected Board Date

May 5, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Africa

Industry

Tourism, Retail and Property

Previous Events

Approved : Sep 11, 2014
Signed : May 29, 2015
Invested : Aug 28, 2015

Sector

Construction and Real Estate

Project Description

IFC is considering an investment in partnership with CITIC Construction Co., Limited (“CITICC”) to establish a greenfield holding company (the “Platform”) to facilitate the development of affordable housing projects in Sub-Saharan Africa (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation