According to bank documents, the proposed project consists of a senior loan of up to USD37.5 million to Bank One Mauritius. The IFC loan will strengthen the Bank’s long-term funding position and support the expansion of its lending operations to Small and Medium Enterprises (“SMEs”).
The proposed project consists of a senior loan of up to USD37.5 million.
Bank One is a joint venture between I&M Holdings (market capitalization of USD430m), based in Kenya, and CIEL Group (market capitalization of USD345m), based in Mauritius. Its indirect owners also include the family company Minard Holdings via I&M, and the investment group Amethis Finance via Ciel.
Bank One Limited
+230 202 9200
16, Sir William Newton St, Port Louis, Mauritius
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/