46787
ZHENDE MEDICAL CO., LTD.
Jun 28, 2023
Kenya
Africa
Jul 31, 2023
B - Limited
Active
Mar 15, 2024
Regional Industry - MAS Asia & Pac
other
Approved : Aug 4, 2023
Signed : Nov 2, 2023
Invested : Mar 13, 2024
other
Zhende Medical Co. Ltd. (“Zhende” or the “Company”) is a leading medical supplies manufacturer in China and has played a crucial role in protecting front-line healthcare workers worldwide during the pandemic by providing critical medical supplies, including personal protective equipment (PPE), surgical gowns and masks.
The Company is planning to construct a medical supply manufacturing plant near Nairobi, Kenya. This facility will primarily produce medical supplies such as gowns, gauze, syringes, and other basic medical consumables for the region. The proposed IFC loan is a A loan of up to US$70 million equivalent.
The IFC Upstream team has engaged with the Company in various advisory services, including: (i) support the Company with country and location selection in Africa; (ii) coordinate with a third-party consultant on a commercial and financial feasibility study; (iii) conduct local legal and regulatory evaluation; (iv) provide due diligence and bankability inputs early in the process; and (v) conduct early E&S assessment and provide guidance on local E&S compliance requirements.
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Local Access of Project Documentation
Tatu City, Ruiru town, Kiambu county, Nairobi, Kenya