Original disclosure @ IFC website
Updated in EWS Feb 19, 2023
Disclosed by Bank Dec 16, 2022
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Founded in 2008, with 4,500+ workers in Africa, Sama is a B Corp Certified, AI data annotation company providing solutions that help prepare, train, and optimize AI algorithms so they can accurately recognize and differentiate data.
IFC is considering an investment of up to US$10 million in Sama, and the project is expected to be supported by the IDA20 Private Sector Window Blended Finance Facility. The funding will primarily be used to expand the Company’s operations in Uganda.
According to the IFC's website, the project outcomes will be: (i): Direct employment opportunities for workers in Uganda, especially women and disadvantaged youth, resulting in improved livelihoods and skills upgrading. (ii) Stronger integration of Uganda's digital entrepreneurship ecosystem, via capacity building channels.
Sama was founded by the late Leila Janah in Kenya. The Leila Janah Foundation is Sama’s largest shareholder, as it ensures continuity of the founder’s vision for Sama.
Other notable existing shareholders include Caisse de Dépôt et de Placement du Québec (CDPQ), Ridge Ventures, Salesforce Ventures, Rubio Impact Ventures, First Ascent Ventures, Vistara Capital Partners.
Samasource Ltd is a company in the Artificial Intelligence (AI) industry that help prepare, train, and optimize AI algorithms so they can accurately recognize and differentiate data. Headquartered in San Fernando valley in the United States of America, the company has operations in Kenya, Uganda, Canada, and the Netherlands. The company was established in 2008 as a non-profit that aimed at providing IT skills and employment to people from low income and disadvantaged backgrounds. In 2019 Sama transitioned from a non-profit to a profit-making social enterprise and received B-Corp Certification (https://www.bcorporation.net/en-us/certification) in 2020. The company operations consist of a variety of undertakings including data collection and analysis, information verification, transcription, content moderation and enrichment for AI enhanced applications in areas such as medical services, e-commerce and retail, travel, social media, mobility and vehicle safety.
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General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Borrower - Samasource Impact Sourcing, Inc.:
Sama Wendy Gonzalex - CEO
Address: 6795 Rue Marconi,Montréal, Québec H2S 3J9, Canada
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