Intraspeed is a family business, jointly owned by its founder and CEO, Mr. John Bosco Rusagara and his son Mr. John Nkusi. Mr. Rusagara is a well-respected Rwandan business man. He started his career as a customs officer in Uganda 28 years ago. Over the years he established a strong network that helped him to launch a customs clearing & forwarding business. Mr. Rusagara started freight haulage in 1995 with 5 trucks, expanding it to a fleet of 20 trucks by 2004. Mr Rusagara has also investments outside the logistics sector, mainly in the financial sector and real estate.

The total project cost is estimated at $23 million.

The proposed IFC financing would consist of a $5 million A-loan and $5 million standby credit facility. The standby facility would be activated upon the achievement of certain market, operating and financial conditions by the company.

7.50 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	7.50
Equity

* These investment figures are indicative

Intraspeed is headquartered in Kigali, and currently provides customs clearing & forwarding services at the ports of Mombasa, Dar-es-Salaam and Mtwara as well as road haulage services from these ports to various destinations in Kenya, Uganda, Rwanda, DRC, Tanzania, Burundi and Zambia. The trucks to be purchased with the proceeds of IFC’s financing would be used by Intraspeed throughout its entire route network, but mainly on the Kenya-Uganda-Rwanda route as there is sufficient business to absorb the planned haulage capacity.

The project also involves the construction of a main depot in Mombassa and satellite depots in Nairobi, Kampala and Kigali.

The project will have the following developmental impacts:

- The creation of approximately 150 new jobs, the majority of which would be Rwandan.

- Substantial skill acquisition by the employees and the Company as workers would be trained in the maintenance and service of trucks, logistics and supply management and import/export procedures.

- Increased access to trucking capacity for importers and exporters based in Rwanda, a land-locked country.

- Transformation of a small family owned business into a medium sized corporate with sound corporate governance principles in place.

- Replacement of old, inefficient trucks with modern, fuel efficient vehicles which are environmentally cleaner.

- Demonstration effect by being the first IFC investment in Rwanda in over five years.

This Project would help Rwandan businesses have access to essential imports and also provide another avenue for export of certain goods.

The proposed IFC financing would provide:

- long term financing not easily available for this type of projects in East Africa;
- support to the company by strengthening its corporate governance capabilities;
- support to help the company enhance its environmental, health and safety and social standards.

IFC’s support is key to the development of this project. IFC will provide:

- long term financing not easily available for this type of projects in East Africa;
- support to the company by strengthen its corporate governance capabilities;
- support to help the company achieve best practices in environmental, health and safety and social areas.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects. The following potential environment, health and safety and social impacts of the projects were analyzed: site selection and land acquisition; cargo/goods transported; power and water supply; fuel storage; waste management; workshop management and housekeeping; truck maintenance standards; driver training and safety;hazardous materials management; general worker health and safety; and labour standards. Intraspeed, with independent expert assistance, will develop a Hazardous Materials Management Plan covering all operations; fuel tankers will be designed to meet major oil company standards. No logs or processed logs will be transported by the company. Staff and drivers will be trained in safe work procedures and provided with appropriate personal protection equipment. All workshops and depots will be equipped with oil recovery systems and secondary containment for fuel storage. EIAs and Audits will be completed in compliance with local/national requirements prior to depots/workshops being operational.
Location of environmental documents In locally affected community

The company’s offices in Kigali (in French) and Mombasa, Dar-es-Salaam and Kampala; and the municipal offices of these cities.

Kigali

SORAS BUILDING,BOULEVARD DE LA REVOLUTION.
BP 1653,KIGALI,RWANDA.
TEL.+250 083 02156
+256 752 730581

Mombassa

UPHL BUILDING BOX 86043, 3RD FLOOR
145 MOI AVENUE
TEL. +254-41-224211

Kampala

PLOT 45 MUSANA HOUSE
NKRUMAH ROAD, 1ST FLOOR
TEL. 256-41-254794

Dar-es-Salaam

LIDA HOUSE, BOX 25271
1ST FLOOR APT 116
TEL +255 22 126575

Mr. John Bosco Rusagara
SORAS BUILDING,BOULEVARD DE LA REVOLUTION.
BP 1653,KIGALI,RWANDA.
TEL.+250 083 02156
+256 752 730581
EMAIL.brusagara@yahoo.com