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Ethiopia: Midroc
Sheikh Mohammed Hussein Ali Al-Amoudi, Saudi Owner and Sponsor
“This project will address the acute shortage of cement in Ethiopia and contribute to the economy’s sustainable development. IFC has been instrumental in providing advice on the technical, environmental, and social aspects of the project.” |
Kenya: Panari
Bhagwanji Ratna, Chairman
“IFC is supporting the long-term viability of Panari by providing long-term US Dollar financing not available in the country (Kenya), and expertise to enhance Panari’s shopping mall operations, corporate governance practices, and HIV/AIDS prevention programs.” |
Mali: Graphique Industrie
Aliou Tomota, Chairman and Chief Executive Officer
“Graphique Industrie’s ongoing partnership with IFC will enable us to further expand and diversify our business.” “IFC’s global expertise will be beneficial as we grow and continue to put in place best practices relating to operations, environment, insurance and corporate governance.” |
Nambia: Protea Eliakim
Haddis Tilahun, United Africa Group's Executive Director
“The Protea Hotel Eliakim will revitalize the city’s downtown area and help meet the demands of business and leisure travelers looking for high-quality accommodation in Windhoek.” “The hotel will be Namibia’s flagship accommodation, providing luxurious African hospitality in a modern setting.” |
Nigeria: UPDC
Stephen Mayaki, Managing Director
"Nigeria’s main cities are seeing improved commercial and residential facilities due to recent construction and renovation, IFC is helping UPDC to contribute to improved business infrastructure by complementing new growth with facilities that cater to consumers who look for both value and convenience.” |
Rwanda: Mille Collines
Miko Rwayitar, Chairman of Mille Collines’ Board of Directors
"This investment will allow us to compete more effectively.” “The collaboration with IFC has allowed the hotel to benefit from the Corporation’s global expertise and the high standards it brings to its investments." |
Tanzania: Green Resources
Mads Asprem, CEO
“Forestation is vital to improving social and economic conditions in Africa,” said Mads Asprem, CEO of Green Resources. “Working with IFC will enable Green Resources to adhere to the highest environmental standards while addressing strong demand for timber products in East Africa.” |
Uganda: Rwenzori Towers
Henry Lubwama, Director at Pine Investments
“IFC’s support will help Pine Investments implement the highest international environmental, social, health, and safety standards at Rwenzori Towers.” “IFC’s long-term financing will help Pine Investments raise additional funds to help address the shortage of good business infrastructure in Kampala.” |
Zambia: Union Gold
Mark O’Donnell, Managing Director
“The collaboration between Union Gold and IFC will help address the shortage of affordable hotel accommodation in Lusaka and stimulate the hotel and retail sectors, This transaction expands our strong ongoing partnership with IFC and the continued benefit of the global expertise and standards it brings to its investments.” |
