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Project Information
Investment ID: 32171
Bank: International Finance Corporation and Multilateral Investment Guarantee Agency
Environmental Category: B
Country: Kenya
Region: Sub-Saharan Africa
Approval Date: None
Investment Types: Equity
Total Project Cost: No recorded data on this
Total Complaints: 1
Description
IFC has an active project with Bridge International Academies (the Company), Africas largest chain of low-cost schools. According to IFC, the Company currently operates 211 schools serving 57,000 students in Kenya and aims to provide quality education to children from families earning less than US$2 per person per day. The investment supports an increase in the number of schools in Kenya and expansion to 3 new countries.
Investments
| Investment Type | ID | Amount | Status | Bank | Client |
|---|---|---|---|---|---|
| Equity | 32171 | USD 10.0 million | Planned | IFC/MIGA |
Related Complaints
| International Finance Corporation and Multilateral Investment Guarantee Agency CAO Complaints | IAM | Country | Date Filed | Status |
|---|---|---|---|---|
| Bridge International Academies-01/Kenya | IFC CAO | Kenya | 16/04/2018 | Monitoring |
Implementers
| Name | Complaints | Dispute Resolutions | DR Successful | Compliance Reviews | Non-Compliance |
|---|---|---|---|---|---|
| NewGlobe Schools Inc |