Original disclosure @ IFC website
Updated in EWS Aug 5, 2020
Disclosed by Bank Aug 4, 2020
Can you contribute information about this project?
Contact the EWS Team
According to bank provided information, the proposed project consists of two stages:
The Project involves a 3-year senior loan of up to ZAR801 million (US$48 million equivalent) from IFC’s own account
First Capital Treasury Solutions was established in July 2009 focusing on providing value focused alternative investment asset class and today manages over N$1.2 billion in real estate assets in the affordable housing segment. Their main product offering is home loans targeted at the Government Institutions Pension Fund (GIPF) members. FCTS is a licensed asset manager and its financial services activities are tightly governed by the Namibian Financial Supervisory Authority (NAMFISA) who regulates non-bank financial services providers in insurance and asset management in Namibia.
First Capital Treasury Solutions (Pty) Ltd
Chief Finance Officer
+264 61 446700
124 John Meinert Street Windhoek
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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