10074
Zanzibar Safari Club Limited
Feb 18, 2000
Tanzania
Tourism, Retail and Property
Completed
Resort Hotel (Including Lodges)
Regional Industry - MAS Africa
B - Limited
Approved : Mar 30, 2000
Signed : Apr 26, 2000
Invested : Jul 28, 2000
SUMMARY OF PROJECT INFORMATION
The hotel, Zanzibar Safari Club Limited, was built in 1997/98 and commenced operation in October 1998. The first phase was built with the sponsor’s own funds and was not completed to an international standard. The project is to complete the hotel and to expand the hotel by a further 8 rooms. Kitchen, laundry, water treatment equipment and room furnishings have to be purchased. Cold rooms, stores, and staff houses have to be built.
IFC’s role is to provide long term financing in a country where it is scarce, and as this is the sponsor’s first hotel project, IFC’s consultant has provided considerable input to the sponsor to the requirements necessary to upgrade the hotel to a standard that is acceptable to European tour operator.
The project is developmentally positive as it: serves as a demonstration model to other Zanzibaris as the hotel is one of the very few beach hotels owned by an indigenous Zanzibar; introduces more competition; creates 100 operational jobs with the attendant training, improvement in environmental, health and safety standards; and will generate valuable foreign exchange for the economy.
Environmental Category and Issues
This is a category B project according to IFC''s Environmental and Social Review Procedure. Key issues associated with this project include: land acquisition; coastal impacts; sewage treatment; solid waste disposal; water and power supply; fuel storage; landscaping and erosion control; and general safety and training.
The Environmental Review Summary is expected to be available from February 24, 2000 the World Bank InfoShop.
Host Country Location of Environmental Documents:
Uroa Village Chief’s office.
Date SPI sent to PIC: February 18, 2000
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information Contact: Corporate Relations Unit –
Telephone: (202) 473-7711
Facsimile: (202) 974-4384
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).