7915
Kiwa II Industries Limited
Feb 25, 1997
Uganda
Manufacturing
Completed
Concrete Pipes and Blocks
Regional Industry - MAS Africa
B - Limited
Approved : Apr 3, 1997
Signed : Jul 14, 1997
Invested : May 28, 1998
SUMMARY OF PROJECT INFORMATION (SPI)
Region Sub-Saharan Africa
Sector Cement and Construction Materials
Project No 007915
Projected Board Date March 31, 1997
Company Name Kiwa Industries Ltd
Technical Partners and/or Major Shareholders: The major shareholders of the Company are: Mr. P. Waswa (40%) Mrs. R. Waswa (10%) and Mrs. R. Kisitu (18%); and others (32%). The project sponsors are successful business people with a proven track record in the building products industry.
Project Cost including proposed IFC Investment:
Project cost : US$1,393,911
IFC investment : US$250,000
Location of Project and Description of Site: The project is located on a 0.46 ha site at Nakawa Industrial Area, 5 km from Kampala city centre.
Description of Company and Purpose of Project: Kiwa Industries Ltd (KIL) is a profitable business which has been in operation for the past five years and produces concrete roofing tiles in Kampala. The recent construction boom in Uganda has spurred demand for building materials. The project is to expand and modernize Kiwa’s operations through de-bottlenecking and automating the production process. Production would increase from the present 720,000 tiles per year to equipment’s rated capacity of 1.4 million tiles per year. APDF has assisted the sponsors in structuring the project and preparing a project feasibility study report.
Developmental Impact: The project will add value to local resources by producing high quality tiles and will provide more building materials to the construction industry.
IFC Role: IFC’s role is to provide long term finance which is not readily available in the country. IFC together with APDF has provided significant assistance to the sponsor in reviewing and structuring the project to suit local market conditions.
Environmental Categories and Issues: Category B. Environmental and occupational health and safety issues include liquid and solid waste disposal, power supply, provision of ventilation and protective equipment, general safety training, and fire protection. Liquid and solid waste will not be emitted and safety equipment and training will be provided to all employees. The Environmental Review Summary is available at the Public Information Center.
Date SPI sent to PIC February 25, 1997
For additional Information contact: Corporate Relations Unit - Telephone (202) 473-7711- facsimile:
(202) 676-0365
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).