Ceramic Tile AF (IFC-42507)

Countries
  • Senegal
Geographic location 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
BRIGHTSTAR INVESTMENT LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 6, 2020

Disclosed by Bank Dec 18, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

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)

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Twyford (Senegal) Ceramics Co., LTD

Armin Zheng, Managing Director,

Phone: +221 771304010

Mail: armin@sunda.com

Address: Mermoz meteo, lot 10, Dakar, Senegal

www.twyfordtile.com/senegal.html

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/

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