PROJECT

Projects

Summary of Investment Information

Project Number

47772

Company Name

Sunda Enterprise Limited

Date SPI Disclosed

Apr 24, 2023

Country

Africa Region

Region

Africa

Projected Board Date

Jun 15, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 10, 2023

Department

Regional Industry - MAS Africa

Industry

other

Previous Events

Approved : Jul 7, 2023
Signed : Jul 28, 2023
Invested : Sep 1, 2023

Sector

other

Project Description

The proposed investment is an up to EUR100 million (equivalent US$107 million) senior loan to Sunda Group Company Limited (Sunda or the Company) and its subsidiary company, Solipro Limited (Solipro), to support the Company’s capital expenditure and working capital needs in Africa. The proposed loan will finance Sunda’s investment program which seeks to expand its manufacturing operations in fast moving consumer goods (FMCG) and metal hardware production in Africa, including (i) a washing powder production factory in Ghana; (ii) distribution centers in Ghana; (iii) diaper/hygienic product factory expansions in Ghana, Guinea, Kenya, and Nigeria; and (iv) a hardware manufacturing factory in Cote d’Ivoire (the Project).                                          

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation