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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: USD 10.0 million
Total Complaints: 3
Description
IFC has an active project with Bridge International Academies (the âCompanyâ), Africaâs largest chain of low-cost schools. According to IFC, at the time of its investment in 2014, the Company operated 211 schools serving over 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 was intended to support 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 | NewGlobe Schools Inc |
Related Complaints
| International Finance Corporation and Multilateral Investment Guarantee Agency CAO Complaints | IAM | Country | Date Filed | Status |
|---|---|---|---|---|
| Bridge International Academies-02/Kenya | IFC CAO | Kenya | 16/02/2020 | Closed With Outputs |
| Bridge International Academies-03/Kenya | IFC CAO | Kenya | 16/02/2020 | Closed With Outputs |
| Bridge International Academies-04/Kenya Vice President Request | IFC CAO | Kenya | 03/09/2020 | Monitoring |
Implementers
| Name | Complaints | Dispute Resolutions | DR Successful | Compliance Reviews | Non-Compliance |
|---|---|---|---|---|---|
| Bridge International Academies |