Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Kenya
Location: Nairobi
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Active
Bank Risk Rating: B
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.
Board Decision Date: 2017-01-06
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.
Borrower or Client: AFRICA LOGISTICS PROPERTIES
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
Investment Type(s): Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-08-14
Disclosure Date: 2016-11-03
Maris ALP
IFC-38583

Project Description
Africa Logistics Properties Holding ("ALP") is an investment vehicle which has been setup to develop and manage Grade A warehousing space in sub-Saharan Africa ("SSA"). ALP aims to design international standard solutions that meet the demand from multinational and local operators alike, which will help contribute to the efficiency of the overall logistics industry in the region. For the first phase of this project, ALP is raising US$65-70mm to develop three key strategic sites around Nairobi. All three sites will be new developments.IFC's proposed investment is an equity investment of US$10 million into ALP. As the time of this E&S review, ALP had identified three warehouse sites in Nairobi, Kenya - Tatu, Tilisi and Embakasi; other sites will be identified in future.
Investment Description
Contact Information
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/
Bank Documents