Project Sponsor is Tolaram Pte Ltd, a holding company headquartered in Singapore with diversified business interests in consumer goods, fintech, infrastructure and industrials. It has a presence across Asia, Africa and Europe. LFZC is 96.72% owned by Tolaram Pte Ltd and 3.28% owned by its employees.                                                 

IFC’s proposed financing package consists of (i) an equity investment of up to US$50 million and (ii) a corporate finance loan of up to US$100 million.

 The Project is located in Lagos, Nigeria.                                               

 There are no governance risks related to development impacts.                                           

 This is a Category A project as per IFC’s Policy on Environmental and Social Sustainability as the company's business operations have the potential to cause significant adverse E&S risks and/or impacts. Key E&S risks are: (i) identification of E&S risk and mitigation measures, including conducting an updated Environment and Social Impact Assessment (ESIA) for the subsequent phases of the project as per IFC Performance Standards (PSs) requirements; (ii) company’s E&S organizational capacity and management systems for the zone operations and monitoring of its tenants E&S performance in line with country requirements and IFC PSs; (iii) resource (energy and water) use/efficiency and management of solid, liquid and hazardous wastes;, (iv) stakeholder engagement and community grievance mechanism; (v) management of any residual risks associated with the past resettlement of the Alasia community; and (vi) labor and construction management.