PROJECT

Projects

Summary of Investment Information

Project Number

44360

Company Name

Kioo Ltd

Date SPI Disclosed

Dec 16, 2020

Country

Tanzania

Region

Africa

Projected Board Date

Sep 9, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Sep 9, 2020
Signed : Nov 2, 2020
Invested : Feb 17, 2021

Sector

Glass and Glass Products (Including Glass and Mineral Wool)

Project Description

 The project comprises long-term working capital funding, and necessary equipment maintenance and upgrades, to help to mitigate the impact of the COVID pandemic on Kioo Limited, a glass container manufacturing business based in Dar es Salaam, Tanzania.   

This project is linked to https://disclosures.ifc.org/#/projectDetail/SII/38664 

Associated Advisory Engagement

                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation