47772
Sunda Enterprise Limited
Apr 24, 2023
Africa Region
Africa
Jun 15, 2023
B - Limited
Active
Sep 10, 2023
Regional Industry - MAS Africa
other
Approved : Jul 7, 2023
Signed : Jul 28, 2023
Invested : Sep 1, 2023
other
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).
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