Doppio (IFC-36211)

  • South Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
Voting Date
May 31, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 21.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 2, 2017

Disclosed by Bank Sep 8, 2016

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Project Description
IFC proposes partnering with ADvTECH, with an investment of up to ZAR320m (approximately US$21m in ADvTECH Ltd (equivalent to a 4.5% equity stake) to be split as follows: (a) up to ZAR190m in new shares in the Company (for an up to 2.5% stake) (the “Primary” transaction); and (b) the balance of ZAR130m to purchase existing shares (the “Secondary” transaction). IFC’s Primary investment will go towards the funding of the Company’s expansion in South Africa and the rest of Africa (RoA). The expansion into RoA may involve the Company acquiring both minority and majority stakes in existing and greenfield companies within the scope (“the Project”). The focus is on education provision (more precisely, primary, secondary and tertiary educational facilities) (“the Scope”), but may also be extended to invest in other education projects on an opportunistic basis.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Contact Person: Company Secretary Company Name: Advtech Limited Address: Inanda Greens, 54 Wierda Road West, Wierda Valley, Sandton Email: Phone: 011 676 8000 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at