Robi Retail (IFC-601049)

Countries
  • Bangladesh
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
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 28, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 0.03 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 2, 2017

Disclosed by Bank Apr 20, 2016


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Project Description
The project will focus on Retail Value Chain Development Program of the clients retailers across Bangladesh and will be conducted in two Phases.
People Affected By This Project
Given the lack of appropriate fixed broadband infrastructure, mobile broadband has been the main source of access to internet in Bangladesh. Approximately 0.7% (1.48 million subscribers) of the population is connected to a land line while mobile communication, with 41.5 million subscribers, has become the only communication means to the vast majority of the population. 1) The Retail Value Chain Development Program will enhance marketing, sales and management skills among the clients network of retailers. 2) The client already offers a wide range of value-added products and services. They are the market leader when it comes to services in entertainment and social media. The Company is also an important player in the nascent Mobiles for Development (M4D) segment, which includes applications for: (i) life insurance; (ii) mAgri for farmers with mobile phones; (iii) e-education with applications that provide information about employment services delivered via mobile phone; and (iv) e-money. The clients continuing investment in network expansion and upgrades, supported by the strengthening of its retail network to successfully deploy these services, especially with the roll-out of its 3G network in larger scale, will have a significant development impact on Bangladesh.
Investment Description
  • International Finance Corporation (IFC)
Estimated Total Budget $33,400.00 (Project budget includes all project-funded activities)
Contact Information
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