Alistair James Company Ltd (DFC-2017-ALISTAIRJAMES)

Countries
  • Tanzania
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Alistair James Company Limited
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 31.33 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 31.32 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 44.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project Description

This Project is expected to have a highly developmental impact on Tanzania and the surrounding region by facilitating the expansion of a trucking company that has improved the quality and reliability of ground transportation across the region. The Project Company plans to build upon its existing model and increase efficiency gains due to economies of scale. The expansion will allow the Project Company to develop its own internal business management curriculum that will afford further leadership and management opportunities to local employees. The expansion is expected to create over 1,000 new local jobs that involves training in both technical skills as well as in health, safety, and environmental awareness. The Project will also finance the start-up of the Project Company’s new driving academy in Tanzania that will provide international accreditation to commercial truck drivers.

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure