Insta II (IFC-37870)

Countries
  • Kenya
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
Active
Bank Risk Rating
B
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
Jul 20, 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.
Borrower
INSTA PRODUCTS (EPZ) LTD
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 3.50 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)
$ 7.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 14, 2017

Disclosed by Bank Mar 17, 2016


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Project Description
The proposed IFC investment is comprised of (i) a US$3.5 million A loan for IFC's own account, (ii) a US$4 million Parallel loan, and may include (iii) a US$3.5 million from IFC in its capacity as implementing entity for the Private Sector Window ("PSW") of the Global Agriculture and Food Security Program (the "GAFSP") (the "project"). The proposed project is a refinancing and growth program to help Insta expand its Ready to Use Therapeutic Food ("RUTF") production capacity on the back of an increased supply to the East Africa region.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Rolf Campbell Managing Director Export Processing Zne Twiga Close, Athi River, Kenya Tel: +254 707 650 400 Email: mailto:rolf@instaproducts.co 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 CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/