PROJECT

Projects

Summary of Investment Information

Project Number

41498

Company Name

KENYA TEA DEVELOPMENT AGENCY HOLDINGS LTD

Date SPI Disclosed

May 17, 2019

Country

Kenya

Region

Africa

Projected Board Date

Jun 17, 2019

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 19, 2019

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 20, 2019
Signed : Jun 28, 2019
Invested : Sep 16, 2019

Sector

Coffee, Cocoa, Tea

Project Description

The proposed investment is an A Loan of up to US$10 million to Kenya Tea Development Agency Holdings Ltd (KTDA). The A Loan will support the expansion strategy of KTDA in logistics business and finances a US$17.7 million greenfield inland container depot (ICD) project that comprises of 6.7 acres of container stacking yard, 0.9 acres of covered warehouses, and auxiliary facilities in Nairobi (the Project).       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation