Original disclosure @ IFC website
Updated in EWS Feb 6, 2020
Disclosed by Bank Dec 18, 2019
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IFC is considering a financial package (consisting of both debt and equity) to Brightstar to finance its capital expenditure program to (i) expand an existing ceramic tiles manufacturing plant in Ghana and (ii) construct/finalize completion of greenfield ceramic tiles manufacturing plants – one each in Senegal, Cameroon, Mozambique, Democratic Republic of Congo (DRC) and Zambia (the “project”).
The Ghana plant is operational since 2017 and is currently producing ceramic tiles using two kilns with a current combined output of about 10 million sq. meters of tile a year. The company’s Kenyan plant became operational in 2016 and currently produces over 21 million sq. meters of tile per year. The Senegal operation started operation in 2019 is currently producing tiles from one production line (and the construction is nearing completion for the expansion work as part of the proposed project)
Twyford (Senegal) Ceramics Co., LTD
Armin Zheng, Managing Director,
Phone: +221 771304010
Address: Mermoz meteo, lot 10, Dakar, Senegal
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