International Finance Corporation (IFC) #41508

Created at
2019-10-11
Last update
2023-07-05

Involvements (31)

Name
Joint Ukraine-UK Company "Nyva Pereyaslavschyny" LLC
Country of registration/origin
Ukraine
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
25 000 000
Loan date
2015
Name
Capitol Resources
Country of registration/origin
Mozambique
Classification
Private company

Relationship
Beneficiary company
Investment type
Shares/Equity
Ownership share
15 %
Comment
Pledged to provide up to $3.6 million in exploration activities at its Tete project area and in 2009—$400,000 for a 15 percent joint venture stake (Tete project).
Name
Malawi Mangoes (Mauritius) Ltd
Country of registration/origin
Mauritius
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
5 000 000
Loan date
2014
Comment
US$5 million co-investment with GAFSP and FMO.
Name
Newmont Ghana Gold LTD
Country of registration/origin
Ghana
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
125 000 000
Loan date
2006
Comment
Loan amount in US$ and was paid in full in 2015.
Name
Tasiast mine
Country of registration/origin
Mauritania
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
300 000 000
Comment
We successfully completed a $300 million project financing agreement for Tasiast with the IFC (a member of the World Bank Group), Export Development Canada, and the participation of ING Bank and Société Générale. (https://s2.q4cdn.com/496390694/files/doc_financials/2019/ar/Kinross-Gold-2019-Annual-Report.pdf)
Name
Industrial Promotion Services (IPS) East Africa
Country of registration/origin
Kenya
Classification
Bilateral Development Bank / Development Finance Institution

Relationship
Subsidiary company
Investment type
Shares/Equity
Name
Bujagali Energy Limited
Country of registration/origin
Uganda
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
100
Loan date
2018-06-22
Comment
US$ 100million + US$ 3million risk management IFC’s proposed debt investment of up to $100 million for its own account, out of a total package of up to approximately $500 million, will be utilized by the Company to refinance its existing debt. https://disclosures.ifc.org/#/projectDetail/SII/39102
Name
Advance Terrafund
Country of registration/origin
Bulgaria
Classification
Private company

Relationship
Subsidiary company
Investment type
Shares/Equity
Ownership share
17.7 %
Name
Country Bird Holdings CBH
Country of registration/origin
South Africa
Classification
Private company

Relationship
Subsidiary company
Investment type
Shares/Equity
ID
Name
Tiger Resources Limited
Country of registration/origin
Australia
Classification
Stock-exchange listed company

Relationship
Beneficiary company
Investment type
Debt financing
Comment
Senior Facility (Tranche A) - a $162.500 million facility provided by Taurus Mining Finance Fund (Taurus), International Finance Corporation (IFC), a division of the World Bank, and Resource Capital Fund VI L.P. (RCF) (together the “Senior Lenders”). Bridge Facility (Tranche B) - an additional $10.000 million facility provided by the Senior Lenders to accommodate short term funding needs as a result of the ILS remedial work and loss of production. The increase was accommodated under a revision to the existing Common Terms Agreement and, under the revised facility arrangements, the Senior Lenders agreed to capitalisation of interest with respect to 4 interest repayments to 31 July 2017. In return, the Company agreed to issue the Senior Lenders a total of 6.2 new ordinary shares per US Dollar of funding advanced under the bridge facility or interest capitalised. On 21 August 2018 the Company repaid the remaining debt on this loan. - Additional Debt Facility (Tranche C) - a $18.154 million super senior debt facility with Taurus and IFC with the consent of the other Senior Lender RCF. On 4 October 2017, the Group made the first drawdown of $3.984 million against the Additional Debt Facility, receiving $2.031 million in net proceeds after deduction of financing costs. On 21 August 2018 the Company repaid the remaining debt on this loan. On 31 August 2019, the whole of the senior lender debt held by Resource Capital Fund VI LP was acquired by QMetco Limited (“QMetco”). The Senior Lenders of the Company are now QMetco, Taurus and the IFC.
ID
Name
Olam International Ltd.
Country of registration/origin
Singapore
Classification
Stock-exchange listed company

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
120 000 000
Loan date
28-04-2020
Comment
US$120 million from IFC and US$56million from JICA. This is a co-financing project based on the Memorandum of Understanding made between IFC and JICA in May 2017 relating to business cooperation for efficient co-financing of the private sector in developing countries.
ID
Name
Hans Merensky Holdings
Country of registration/origin
South Africa
Classification
Private company

Relationship
Beneficiary company
Investment type
Shares/Equity
Ownership share
20 %
Name
Alcazar Energy
Country of registration/origin
United Arab Emirates
Classification
Private company

Relationship
Beneficiary company
Investment type
Shares/Equity
Comment
IFC, a member of the World Bank Group, is investing $25 million in a pioneering power company, to help develop a series of renewable energy projects in the Middle East, Turkey, and Africa, spurring economic growth and helping meet the growing demand for power. IFC’s equity investment will help Alcazar Energy develop and operate renewable energy projects, with a focus on solar and wind power plants. This will increase power generation capacity, support economic growth, and help create jobs. (https://ifcext.ifc.org/IFCExt%5Cpressroom%5CIFCPressRoom.nsf%5C0%5CAA307020B1BB51FF85257E7B004FD1F9)
Name
Lekela Egypt Wind Power BOO S.A.E
Country of registration/origin
Egypt, Arab Rep.
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Name
Clean Technology Fund (CTF)
Country of registration/origin
United States of America
Classification
Investment fund

Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100 %
Name
Sierra Rutile
Country of registration/origin
Sierra Leone
Classification
Private company

Relationship
Subsidiary company
Investment type
Shares/Equity
Ownership share
10 %
Name
Frikom d.o.o. Belgrade
Country of registration/origin
Serbia
Classification
Private company

Relationship
Beneficiary company
Name
Frikom d.o.o. Belgrade
Country of registration/origin
Serbia
Classification
Private company

Relationship
Beneficiary company
Name
Frikom d.o.o. Belgrade
Country of registration/origin
Serbia
Classification
Private company

Relationship
Beneficiary company
Name
Frikom d.o.o. Belgrade
Country of registration/origin
Serbia
Classification
Private company

Relationship
Beneficiary company
Name
KaXu Solar One
Country of registration/origin
South Africa
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Comment
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is one of the largest development finance institutions supporting the private sector in emerging markets. IFC was responsible for facilitating the structuring of the financing package for the KaXu Solar .This resulted in channeling approximately USD 900 million of private sector financing, utilizing an innovative project finance structure with blended finance elements.
Name
Portucel Moçambique Lda
Country of registration/origin
Mozambique
Classification
Private company

Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Name
Salala Rubber Corporation (SRC)
Country of registration/origin
Liberia
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
10 000 000
Loan date
2008-07-21
Comment
IFC provided a $10 million A Loan to SRC, to finance SRC’s plans to rehabilitate, expand, and optimize its plantations, which had been neglected during several years of civil war in Liberia.
Name
Simfer S.A
Country of registration/origin
Guinea
Classification
Private company

Relationship
Subsidiary company
Ownership share
4 %
Name
Bea Mountain Mining Corporation (BMMC)
Country of registration/origin
Liberia
Classification
Private company

Relationship
Beneficiary company
Investment type
Shares/Equity
Comment
New Liberty Gold has the backing of the World Bank’s International Finance Corporation, which since 2014 invested $19 million and became a key shareholder.
ID
Name
Goodvalley A/S
Country of registration/origin
Denmark
Classification
Stock-exchange listed company

Relationship
Subsidiary company
Investment type
Shares/Equity, Debt financing
Name
Frutas e Legumes Guiné Bissau SARL
Country of registration/origin
Guinea-Bissau

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
3 000 000
Loan date
2007
Name
ECO ORO MINERALES CORP SUCURSAL COLOMBIA
Country of registration/origin
Colombia
Classification
Private company

Relationship
Beneficiary company
Investment type
Debt financing
Loan amount
11 000 000
Comment
The sister company of the World Bank bought in 2009 USD 11 Million of company shares. Source 11
Name
Idavang A/S
Country of registration/origin
Denmark
Classification
Stock-exchange listed company

Relationship
Subsidiary company
Investment type
Shares/Equity
Ownership share
20 %
Name
World Bank
Country of registration/origin
United States of America
Classification
Multilateral Development Bank (MDB)

Relationship
Parent company
Name
Benban Infinity Solar Park
Country of registration/origin
Egypt, Arab Rep.

Relationship
Beneficiary company
Investment type
Shares/Equity
Comment
A consortium led by the International Finance Corporation (IFC) has provided $653m in financing for the construction of 13 solar power plants in the Benban solar park in October 2017