As stated on the project disclosure page, the FMO, by contributing to a consortium led by FMO's partner DPI supports the further domestic growth trajectory of the Company and its expansion towards Morocco with growth capital. Part of the consortium's funds will be earmarked to acquire shares from smaller shareholders seeking an exit. FMO invests via ADP III Holdings 5 LP, which is an investment vehicle led by DPI and holds the consortium's stake in Kazyon.
The FMO categorized the project as B+.
As stated by the FMO, founded in 2014, Kazyon is a discount grocery retailer in Egypt with over 3,500 employees, 4 distribution centres, and 595 stores spread across 17 governorates as of December 2022. Kazyon is offering a wide range of fast-moving consumer goods such as packaged foods, beverages, toiletries, dry goods and other consumables.
As stated on the company's website, DPI is among Africa’s leading investment institutions.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Kazyon||Client||Industry and Trade|
Financial Intermediary - Development Partners International:
Client - Kazyon:
Address: Yamama center, 3 Taha Hussein, Mohammed Mazhar, Zamalek, Cairo Governorate 11561, Egypt
ACCESS TO INFORMATION
As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: email@example.com
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism