28659 - AEF NOSA IV

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Summary of Proposed Investment

Project Number

28659

Company Name

Nosa Sarl

Date SPI Disclosed

Oct 22, 2009

Country

Cameroon

Industry

Manufacturing

Projected Board Date

Nov 24, 2009

Status

Active

Sector

Soap and Cleaning Compound (Soap, Detergent, etc.)

Department

Regional Industry - MAS Africa

Environmental Category

B - Limited

Previous Events

Approved : Apr 1, 2010
Signed : Mar 31, 2010
Invested : Jun 27, 2012

Project Description

Created in 1999, Nosa Sarl (‘Nosa” or the “Company”) is a local Cameroonian laundry soap producer for low and middle income population, using Crude Palm Oil as the main raw material. The Company, located in Yaoundé, the capital city of Cameroon, employs 120 persons. The proposed project consists of the replacement of the saponification lines of production of the Company (the “Project”). This new investment should help Nosa grow and establish itself as a key player in the market.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	1.50
Equity

Development Impact

The Project will contribute to add value to a local raw material resource (CPO) and thus contribute to the economic development of the country. It is also expected to consolidate and expand the Company’s activity, and further enhance competition and improve the regional distribution of the soap industry currently concentrated in Douala and Bafoussam (south of the country). The Project will improve the environmental and safety conditions of the operations and of the workers and is expected to have at least 130 permanent jobs.

This investment is a category B. Environmental and social (E&S) issues at this soap manufacturing facility located in an industrial zone include air emissions, liquid effluents, waste disposal, fire, and employee exposure to noise and dust. Recent supervision activities noted that the Company has made efforts to improve general environmental management, however, it is still not compliant with IFC guidelines for effluent discharge concentrations, and further improvement on housekeeping should take place to mitigate health and safety risks. The E&S Action for the initial investment required that a waste water treatment plant be built, this was only partially completed. This Project includes ensuring that the effluent treatment plant will be operational and compliant with IFC effluent standards. Please refer to ESRS for further information.

Contacts

For Inquiries About the Project, Contact

NOSA SarlB.P. 5524 Yaoundé, CameroonPhone: (237) 231 28 68Fax: (237) 231 13 79

For Inquiries and Comments About IFC, Contact

General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384E Mail: Webmaster

Local Access of Project Documentation

The environmental documents will be located in the following locations: Municipal office: Mairie d'arrondissement de Yaounde 6eme, Biyem Assi, Rond-Point, Yaounde, Cameroun Company's office: Nosa Sarl, Lieu dit Simbock, Ayala, Axe lourd Yaounde-Douala, BP 5524 Yaounde Cameroun

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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