48438
Kioo Ltd
Nov 27, 2023
Tanzania
Africa
Jan 16, 2024
B - Limited
Active
Dec 7, 2024
Regional Industry - MAS Africa
other
Approved : Mar 26, 2024
Signed : May 17, 2024
Invested : Dec 5, 2024
other
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.
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.
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Local Access of Project Documentation
Kioo Limited, 180 Saza Rd, Dar es Salaam, Tanzania