52379
Asmara Holdings Limited
Jul 13, 2026
Zambia
Africa
Sep 15, 2026
B - Limited
Pending Approval
Jul 14, 2026
Regional Industry - MAS Africa
Tourism, Retail and Property
City and Business Hotel
The proposed IFC investment is an up to US$50 million A Loan to Zebra Manufacturing Limited (“Zebra Manufacturing”) and Future Africa International Trading FZE (“Future Africa”) (together, the “Borrowers”) to finance (i) the development of a Hilton-branded hotel in Lusaka, Zambia (“Hilton Lusaka”); and (ii) development of a warehousing facility in Djibouti (“Djibouti Warehouse”) (together, the “Project”).
In Zambia, IFC is providing EDGE Advisory services to Zebra Manufacturing to facilitate EDGE certification for a Hilton-branded hotel in Lusaka. In Djibouti, IFC is advising Future Africa on project preparation activities to enhance the bankability of a warehousing and grain-storage investment. At the corporate level, IFC’s Financial Management Advisory program is assisting Asmara Group in strengthening financial reporting and transparency to support sustainable growth and investment readiness.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Local office of Zebra Manufacturing and Future Africa