Summary of Proposed Investment
Project Number
9601
Company Name
Abercrombie and Kent (Tanzania) Limited
Date SPI Disclosed
May 4, 1999
Country
Tanzania
Industry
Tourism, Retail and Property
Status
Completed
Sector
Tour Operators (i.e., Arranging and Assembling Tours)
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Jun 11, 1999
Signed : Nov 11, 1999
Invested : Mar 15, 2000
Project Description
SUMMARY OF PROJECT INFORMATION
Project Name Tanzania – Abercrombie & Kent Tanzania II
Region Sub-Saharan Africa
Sector Tourism
Project No 009601
Projected Board Date June 30, 1999
Company Name Abercrombie & Kent (Tanzania) Ltd.
Technical Partner and/or Major Shareholders
The Company is owned by Mr. Geoffrey Kent, a Kenya born British national and longtime resident of Kenya.
Project Cost Including proposed IFC investment
Project cost - US$660,000
IFC loan - US$300,000
Location of project and Description of Site
Arusha, Tanzania on a seven acre plot on the outskirts of town. The plot includes a single story office and a stores block, a workshop and parking bays.
Description of Company and Purpose of Project
Abercrombie & Kent Tanzania (A&K) is a leading local tour operator that packages and markets holidays in Tanzania. The Company contracts hotel accommodation, organizes land and air transportation within the country, provides local guides and liases with all providers of ancillary services for the tourists. The project is for the purchase of Toyota Landcruiser vehicles to carry tourists, camping equipment and improvement of A&K’s premises.
Environmental Category and Issues
This is an environmental review category B project. Environmental and occupational health and safety issues include camp site locations, coordination with Park authorities, vehicle entry limits, sewage and liquid effluent disposal, solid waste disposal, water supply, fuel supply, oil/motor fluid disposal, fuel/oil storage, vehicle safety, employee safety training and emergency response.
The Environmental Review Summary is available from the Public Information center.
Host Country At the Company’s offices
Environmental Documents
Date SPI sent to PIC May 3rd 1999
“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).
Sponsor / Cost / Location
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