BOW Stanbic AS (IFC-603403)

Countries
  • Kenya
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 23, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Stanbic Bank
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Small & Medium Enterprises
  • Women
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 0.33 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 29, 2020

Disclosed by Bank Apr 16, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

This proposed advisory is designed to support the bank to enhance its capacity to serve women and women owned SMEs in Kenya through staff and customer training.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actor Relationship
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Abraaj Invest Mgmt Ltd Parent Company Agriculture and Forestry owns Libstar Operations (Pty) Ltd Client Agriculture and Forestry
AfriSam Consortium(Pty)Ltd Parent Company Construction owns AfriSam(South Africa)(Pty)Ltd Client Construction
AngloGold Ashanti Ltd Parent Company Mining owns Geita Mine(Ashanti Anglo Gold) Client Mining
AP Moller og Hustru Chastine Parent Company Transport owns AP Moller-Maersk A/S Client Transport
Aspen Pharmacare Holdings Ltd Parent Company Education and Health owns Aspen Asia Pacific Pty Ltd Client Education and Health
Bain Capital LP Parent Company Industry and Trade owns Edgars Consolidated Stores Ltd Client Industry and Trade
Beas Rovuma Energy Mozambique Parent Company Mining owns Area 1 Mozambique LNG Client Mining
Bharat Petroleum Corporation Parent Company Mining owns Area 1 Mozambique LNG Client Mining
China Harbour Engineering Company Parent Company Transport owns Lekki Deep Sea Port PPP Client Transport
Coca-Cola Co Parent Company Agriculture and Forestry owns Coca-Cola Beverages Africa Client Agriculture and Forestry
Distell Group Holdings Ltd Parent Company Agriculture and Forestry owns Distell Group Ltd Client Agriculture and Forestry
EDF Energy Renewables Parent Company Energy owns Riverbank Wind Farm (33MW) Client Energy
Empresa Nacional de Hidrocarbonetos de Mocambique Parent Company Mining owns Area 1 Mozambique LNG Client Mining
Eni SpA Parent Company Mining owns Eni E Africa-Coral S FLNG DMCC Client Mining
Eni SpA Parent Company Mining owns Nigeria LNG Complex Train 7 Client Mining
Farringford NV Parent Company Mining owns Trafigura Group Pte Ltd Client Mining
Farringford NV Parent Company Mining owns Trafigura Pte Ltd Client Mining
Federal Republic of Nigeria Parent Company Mining owns Nigeria Liquified Natural Gas Client Mining
Federal Republic of Nigeria Parent Company Mining owns STOGG Eagle Funding Ltd Client Mining
Genser Energy Ghana Parent Company Energy owns Genser Energy Ghana Additional Facility 2019 Client Energy
Helios Investment Partners Parent Company Mining owns Vivo Energy Acquisition Refinancing Client Mining
Kosmos Energy LLC Parent Company Mining owns Kosmos Energy Ghana HC Client Mining
Kwande Capital Pty Ltd Parent Company Industry and Trade owns Nampak Products Ltd Client Industry and Trade
Lagos State Government Parent Company Transport owns Lekki Deep Sea Port PPP Client Transport
Main Street 333 (Pty) Ltd Parent Company Mining owns KZN Sands Client Mining
Mitsui & Co Parent Company Mining owns Area 1 Mozambique LNG Client Mining
Nampak Ltd Parent Company Industry and Trade owns Nampak Products Ltd Client Industry and Trade
Nigerian National Petroleum Corporation Parent Company Mining owns Nigeria LNG Complex Train 7 Client Mining
North South Power Parent Company Energy owns Shiroro Hydroelectric Power Plant (630MW) Rehabilitation Client Energy
Oil and Natural Gas Corporation Parent Company Mining owns Area 1 Mozambique LNG Client Mining
Omnia Holdings Ltd Parent Company Industry and Trade owns Omnia Group Pty Ltd Client Industry and Trade
Oppenheimer Partners Ltd Parent Company Industry and Trade owns GZ Industries Ltd Client Industry and Trade
Petrobras Parent Company Mining owns Petrobras RCF Accordion 2017 Client Mining
Petroleo Brasileiro SA Parent Company Mining owns Petrobras Oil & Gas BV Client Mining
Petroliam Nasional Bhd Parent Company Mining owns Engen Petroleum Ltd Client Mining
Pioneer Food Group Ltd Parent Company Agriculture and Forestry owns Pioneer Foods (Pty) Ltd Client Agriculture and Forestry
Power Construction Corp of Parent Company Energy owns Kariba South Hydropower Plant Client Energy
PowerChina Parent Company Transport owns Illasit - Njukini - Taveta Road (67KM) PPP Client Transport
PTT Public Company Parent Company Mining owns Area 1 Mozambique LNG Client Mining
Puma Energy Parent Company Mining owns Puma Energy Corporate Facility 2018 Client Mining
Royal Dutch Shell Parent Company Mining owns Nigeria LNG Complex Train 7 Client Mining
Royal Dutch Shell plc Parent Company Mining owns EA Field New Wells Drilling Client Mining
Sibanye Gold Parent Company Mining owns Acquisition of Stillwater Mining Client Mining
Sonangol Sociedade Nacional Parent Company Mining owns China Sonangol Intl Hldg Client Mining
Standard Bank Investor Finance invests in Abraaj Invest Mgmt Ltd Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in Acquisition of Stillwater Mining Client Mining
Standard Bank Investor Finance invests in AECI Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in Afrimat Ltd Parent Company Construction
Standard Bank Investor Finance invests in AfriSam Consortium(Pty)Ltd Parent Company Construction
Standard Bank Investor Finance invests in AfriSam(South Africa)(Pty)Ltd Client Construction
Standard Bank Investor Finance invests in American Tower Corp Parent Company Infrastructure
Standard Bank Investor Finance invests in AngloGold Ashanti Ltd Parent Company Mining
Standard Bank Investor Finance invests in AP Moller og Hustru Chastine Parent Company Transport
Standard Bank Investor Finance invests in AP Moller-Maersk A/S Client Transport
Standard Bank Investor Finance invests in Area 1 Mozambique LNG Client Mining
Standard Bank Investor Finance invests in Aspen Asia Pacific Pty Ltd Client Education and Health
Standard Bank Investor Finance invests in Aspen Finance Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in Aspen Pharmacare Holdings Ltd Parent Company Education and Health
Standard Bank Investor Finance invests in Bain Capital LP Parent Company Industry and Trade
Standard Bank Investor Finance invests in Base Titanium Ltd Parent Company Mining
Standard Bank Investor Finance invests in Beas Rovuma Energy Mozambique Parent Company Mining
Standard Bank Investor Finance invests in Beitbridge Border Post Upgrade PPP 2020 Client Transport
Standard Bank Investor Finance invests in Bharat Petroleum Corporation Parent Company Mining
Standard Bank Investor Finance invests in Bombardier Inc Parent Company Transport
Standard Bank Investor Finance invests in Bombardier Transp Finl Parent Company Construction
Standard Bank Investor Finance invests in British American Tobacco PLC Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in Chevron USA Inc Parent Company Mining
Standard Bank Investor Finance invests in China Harbour Engineering Company Parent Company Transport
Standard Bank Investor Finance invests in China Sonangol Intl Hldg Client Mining
Standard Bank Investor Finance invests in Coca-Cola Beverages Africa Client Agriculture and Forestry
Standard Bank Investor Finance invests in Coca-Cola Co Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in Consol Glass (Proprietary) Ltd Parent Company Construction
Standard Bank Investor Finance invests in Copperton Wind Farm Parent Company Energy
Standard Bank Investor Finance invests in De Beers Marine Namibia Pty Parent Company Mining
Standard Bank Investor Finance invests in Distell Group Holdings Ltd Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in Distell Group Ltd Client Agriculture and Forestry
Standard Bank Investor Finance invests in Dyason's Klip 2 RF Pty Ltd Parent Company Energy
Standard Bank Investor Finance invests in Dyasons Klip Rf Pty Ltd Parent Company Energy
Standard Bank Investor Finance invests in EA Field New Wells Drilling Client Mining
Standard Bank Investor Finance invests in EDF Energy Renewables Parent Company Energy
Standard Bank Investor Finance invests in Edgars Consolidated Stores Ltd Client Industry and Trade
Standard Bank Investor Finance invests in Eland Oil & Gas PLC Parent Company Mining
Standard Bank Investor Finance invests in Empresa Nacional de Hidrocarbonetos de Mocambique Parent Company Mining
Standard Bank Investor Finance invests in Engen Petroleum Ltd Client Mining
Standard Bank Investor Finance invests in Eni E Africa-Coral S FLNG DMCC Client Mining
Standard Bank Investor Finance invests in Eni SpA Parent Company Mining
Standard Bank Investor Finance invests in Enx Corp Ltd Parent Company Construction
Standard Bank Investor Finance invests in Eskom Holdings SOC Ltd Parent Company Energy
Standard Bank Investor Finance invests in Exxon Mobil Corp Parent Company Mining
Standard Bank Investor Finance invests in Farringford NV Parent Company Mining
Standard Bank Investor Finance invests in Federal Republic of Nigeria Parent Company Mining
Standard Bank Investor Finance invests in Geita Mine(Ashanti Anglo Gold) Client Mining
Standard Bank Investor Finance invests in Genser Energy Ghana Parent Company Energy
Standard Bank Investor Finance invests in Genser Energy Ghana Additional Facility 2019 Client Energy
Standard Bank Investor Finance invests in Genser Energy Ghana Ltd Parent Company Energy
Standard Bank Investor Finance invests in Ghana Cocoa Board(Ghana) Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in Glencore PLC Parent Company Mining
Standard Bank Investor Finance invests in Goscor Fin Pty Ltd Parent Company Construction
Standard Bank Investor Finance invests in Gridliance West LLC Parent Company Energy
Standard Bank Investor Finance invests in Gruppo Invest Nigeria Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in GZ Industries Ltd Client Industry and Trade
Standard Bank Investor Finance invests in GZI Manufacturing Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in Helios Investment Partners Parent Company Mining
Standard Bank Investor Finance invests in Ihs Cote Divoire Sa Parent Company Infrastructure
Standard Bank Investor Finance invests in Illasit - Njukini - Taveta Road (67KM) PPP Client Transport
Standard Bank Investor Finance invests in Impala Canada Ltd Parent Company Mining
Standard Bank Investor Finance invests in Impala Platinum Holdings Ltd Parent Company Mining
Standard Bank Investor Finance invests in KAP Industrial Holdings Ltd Parent Company Transport
Standard Bank Investor Finance invests in Kariba South Hydropower Plant Client Energy
Standard Bank Investor Finance invests in Kenmare Resources PLC Parent Company Mining
Standard Bank Investor Finance invests in Kosmos Energy Ghana HC Client Mining
Standard Bank Investor Finance invests in Kosmos Energy LLC Parent Company Mining
Standard Bank Investor Finance invests in Kosmos Energy Ltd Parent Company Mining
Standard Bank Investor Finance invests in Kwande Capital Pty Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in KZN Sands Client Mining
Standard Bank Investor Finance invests in Lagos State Government Parent Company Transport
Standard Bank Investor Finance invests in Lekki Deep Sea Port PPP Client Transport
Standard Bank Investor Finance invests in Libstar Operations (Pty) Ltd Client Agriculture and Forestry
Standard Bank Investor Finance invests in Lucky Star Ltd Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in M-Kopa Off Grid Solar Power Parent Company Energy
Standard Bank Investor Finance invests in Main Street 333 (Pty) Ltd Parent Company Mining
Standard Bank Investor Finance invests in Mitsui & Co Parent Company Mining
Standard Bank Investor Finance invests in Mondelez International Inc Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in Mozambique LNG Parent Company Mining
Standard Bank Investor Finance invests in Mozaza Logistics Parent Company Transport
Standard Bank Investor Finance invests in Nacala Corredor Logistico Parent Company Transport
Standard Bank Investor Finance invests in Nampak Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in Nampak Products Ltd Client Industry and Trade
Standard Bank Investor Finance invests in Nigeria Liquified Natural Gas Client Mining
Standard Bank Investor Finance invests in Nigeria LNG Complex Train 7 Client Mining
Standard Bank Investor Finance invests in Nigerian National Petroleum Corporation Parent Company Mining
Standard Bank Investor Finance invests in North South Power Parent Company Energy
Standard Bank Investor Finance invests in Northam Platinum Ltd Parent Company Mining
Standard Bank Investor Finance invests in Oil and Natural Gas Corporation Parent Company Mining
Standard Bank Investor Finance invests in Omnia Group Pty Ltd Client Industry and Trade
Standard Bank Investor Finance invests in Omnia Holdings Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in Oppenheimer Partners Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in Pepkorfin Pty Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in Petrobras Parent Company Mining
Standard Bank Investor Finance invests in Petrobras Oil & Gas BV Client Mining
Standard Bank Investor Finance invests in Petrobras RCF Accordion 2017 Client Mining
Standard Bank Investor Finance invests in Petroleo Brasileiro SA Parent Company Mining
Standard Bank Investor Finance invests in Petroliam Nasional Bhd Parent Company Mining
Standard Bank Investor Finance invests in Pioneer Food Group Ltd Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in Pioneer Foods (Pty) Ltd Client Agriculture and Forestry
Standard Bank Investor Finance invests in Power Construction Corp of Parent Company Energy
Standard Bank Investor Finance invests in PowerChina Parent Company Transport
Standard Bank Investor Finance invests in Premier Foods (Pty) Ltd Parent Company Agriculture and Forestry
Standard Bank Investor Finance invests in Prudent Energy & Services Ltd Parent Company Mining
Standard Bank Investor Finance invests in PTT Public Company Parent Company Mining
Standard Bank Investor Finance invests in Puma Energy Parent Company Mining
Standard Bank Investor Finance invests in Puma Energy Corporate Facility 2018 Client Mining
Standard Bank Investor Finance invests in Riverbank Wind Farm (33MW) Client Energy
Standard Bank Investor Finance invests in Royal Dutch Shell Parent Company Mining
Standard Bank Investor Finance invests in Royal Dutch Shell plc Parent Company Mining
Standard Bank Investor Finance invests in Seplat Petro Dvlp Co Ltd Parent Company Mining
Standard Bank Investor Finance invests in Seplat Petroleum Development Co Ltd Parent Company Mining
Standard Bank Investor Finance invests in Shiroro Hydroelectric Power Plant (630MW) Rehabilitation Client Energy
Standard Bank Investor Finance invests in Sibanye Gold Parent Company Mining
Standard Bank Investor Finance invests in Sibanye Gold Ltd Parent Company Mining
Standard Bank Investor Finance invests in Siemens Gas & Power Gmbh & Co Parent Company Mining
Standard Bank Investor Finance invests in Sirius Solar SL Parent Company Energy
Standard Bank Investor Finance invests in Sonangol Sociedade Nacional Parent Company Mining
Standard Bank Investor Finance invests in Southey Holdings (Pty) Ltd Parent Company Construction
Standard Bank Investor Finance invests in Stillwater Mining Co Parent Company Mining
Standard Bank Investor Finance invests in STOGG Eagle Funding Ltd Client Mining
Standard Bank Investor Finance invests in Tolaram Parent Company Transport
Standard Bank Investor Finance invests in total Parent Company Mining
Standard Bank Investor Finance invests in Trafigura Parent Company Mining
Standard Bank Investor Finance invests in Trafigura Group Pte Ltd Client Mining
Standard Bank Investor Finance invests in Trafigura Group Refinancing 2020 Client Mining
Standard Bank Investor Finance invests in Trafigura Holding Parent Company Mining
Standard Bank Investor Finance invests in Trafigura Pte Ltd Client Mining
Standard Bank Investor Finance invests in Truworths International Ltd Parent Company Industry and Trade
Standard Bank Investor Finance invests in Truworths Ltd Client Industry and Trade
Standard Bank Investor Finance invests in Tullow Oil PLC Parent Company Mining
Standard Bank Investor Finance invests in Unatrac Holding Ltd Parent Company Construction
Standard Bank Investor Finance invests in Vitol Group Parent Company Mining
Standard Bank Investor Finance invests in Vitol Holding BV Parent Company Mining
Standard Bank Investor Finance invests in Vitol SA Client Mining
Standard Bank Investor Finance invests in Vivo Energy Acquisition Refinancing Client Mining
Standard Bank Investor Finance invests in Waco Africa Ltd Client Construction
Standard Bank Investor Finance invests in Waco International Ltd Parent Company Construction
Standard Bank Investor Finance invests in Wescoal Holdings Ltd Parent Company Mining
Standard Bank Investor Finance invests in Zimbabwe Power Company Parent Company Energy
Standard Bank Investor Finance invests in Zimbabwe Power Company (ZPC) Power Plants Expansion and Rehabilitation Client Energy
Tolaram Parent Company Transport owns Lekki Deep Sea Port PPP Client Transport
total Parent Company Mining owns Area 1 Mozambique LNG Client Mining
Trafigura Parent Company Mining owns Trafigura Group Refinancing 2020 Client Mining
Trafigura Holding Parent Company Mining owns Trafigura Pte Ltd Client Mining
Truworths International Ltd Parent Company Industry and Trade owns Truworths Ltd Client Industry and Trade
Unknown Parent Company Transport owns Beitbridge Border Post Upgrade PPP 2020 Client Transport
Vitol Group Parent Company Mining owns Vivo Energy Acquisition Refinancing Client Mining
Vitol Holding BV Parent Company Mining owns Vitol SA Client Mining
Waco International Ltd Parent Company Construction owns Waco Africa Ltd Client Construction
Zimbabwe Power Company Parent Company Energy owns Zimbabwe Power Company (ZPC) Power Plants Expansion and Rehabilitation Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF IFC

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/

How it works

How it works