Original disclosure @ IFC website
Updated in EWS Jan 9, 2023
Disclosed by Bank Aug 30, 2022
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According to the Bank’s website, IFC is considering a $10 million (m) IFC A Loan to Kamal Steel Limited, a leading steel bar manufacturer in Tanzania. The funding will be utilized mainly to support incremental working capital at its wholly owned subsidiary, Kamal CISCO Cape Town Iron & Steel Works Limited in Cape Town, South Africa and also to support repayment of Kamal’s debt taken to acquire CISCO.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Kamal CISCO Cape Town Iron & Steel Works Limited||Subsidiary||-|
|-||-||-||-||Kamal Steel Limited||Client||-|
Kamal Steel Limited
Mr. Anand Shankaran
Plot No. 188/2, Mwakalinga Road, Chnag’ombe Industrial Area, PO Box 10392, Dar es Salaam, Tanzania
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