PROJECT

Projects

Summary of Investment Information

Project Number

48438

Company Name

Kioo Ltd

Date SPI Disclosed

Nov 27, 2023

Country

Tanzania

Region

Africa

Projected Board Date

Jan 16, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Dec 7, 2024

Department

Regional Industry - MAS Africa

Industry

other

Previous Events

Approved : Mar 26, 2024
Signed : May 17, 2024
Invested : Dec 5, 2024

Sector

other

Project Description

The proposed investment is a debt facility to Kioo Limited (Kioo or the Company), a leading glass container producer in East Africa. Kioo produces both flint and colored glass for its domestic market in Tanzania, where it has dominant market share, and export markets in Eastern, Central, and Southern Africa, and the Indian Ocean Islands. Its customers include leading beverage multinationals.

 

The project will support the planned capacity expansion of Kioo in its existing production facility in Dar es Salaam, Tanzania (the Project). The expansion will enable the Company to meet increasing demand for glass containers in the region. The key components of the Project are addition of a new production line and addition of transportation equipment.

Associated Advisory Engagement

IFC and Kioo have signed an advisory engagement to support Kioo in increasing the share of glass cullet in its raw material mix, including cullet from non-returnable bottles and other waste glass streams.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation